Financial report Q1 2021

Kaltra delivers a strong finish to Q1 2021

Entering the first quarter, the company recorded double-digit growth rates across its biggest markets in Europe. This is the result of a great team effort by all of our employees. Despite the adverse economic climate, we still used the year to make Kaltra a better company.

The course of the pandemic negatively impacted the European market, but, nevertheless, Kaltra was able to grow revenues in this market in Q1 by 27%. At the same time, Kaltra significantly improved its operating profitability, measured by earnings before interest, taxes, depreciation, and amortization (EBITDA).

The primary driver of the strong sales performance in Q1 2021 was Kaltra’s business with loyal existing customers in all European markets and the acquisition of new customers based on a quality-oriented approach. Steady Kaltra sales growth is expected to continue in Q2-Q4 2021.

Headquartered in Germany and Austria, Kaltra designs, develops, and manufactures air conditioning and refrigeration equipment and systems. The company offers air-cooled, water-cooled, and free cooling chillersprecision air conditionersIT cooling systems, including room-, rack- and row-based solutions, and energy management solutions. It also designs and manufactures air-cooled condensersdry coolers, and cooling units for special applications. Additionally, Kaltra offers microchannel heat exchangers for condenser, evaporator, and water cooling and heating applications, as well as aluminium coils for small cooling applications. All Kaltra products are engineered with the clear objective of improving energy efficiency and reducing total cost of ownership.

For more information on Kaltra and its products call +49 (0) 911 253 421 07 or visit www.kaltra.com