Kaltra reports record sales in the first quarter of 2023
Kaltra has reported a record first quarter with net sales increase of 89% over Q1 2022 and 45% over the previous quarter. Excluding the impact of currency and acquisitions, organic sales increased by 87%. Despite a significant rise in energy costs, Kaltra has delivered sequential sales growth during the past ten quarters.
This result was achieved with a significant increase in organic sales of microchannel heat exchangers, especially in the North American region. The second largest contributor to sales growth was increased volumes sold in Germany, where the business outlook gradually rose starting from November 2022.
Based on its upbeat Q1 performance, Kaltra raised its full-year 2023 outlook and expected 38% organic revenue growth compared to the prior outlook of 25%.
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 chillers, precision air conditioners, IT cooling systems, including room-, rack- and row-based solutions, and energy management solutions. It also designs and manufactures air-cooled condensers, dry 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
