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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Indel B
Indel B (INDB) investor relations material
Indel B Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary23 Oct, 2026
Executive summary
9M 2026 sales revenue rose 13.9% YoY to €178.6m; product sales increased 14.0% to €176.5m, supported by organic growth and acquired Marine businesses.
Automotive and Leisure led product-market growth, while Hospitality and Cooling Appliances remained below prior-year 9M levels.
Financial highlights
Sales revenue was €178.6m vs. €156.8m in 9M 2025; product sales were €176.5m vs. €154.9m, up 14.0% (14.6% at constant exchange rates).
Product-sales growth comprised 9.8% organic growth, 4.8% M&A contribution and a 0.6% negative FX effect.
Sundry revenues increased 6.0% to €2.1m, mainly from transport-cost recovery and mould-cost re-invoicing to Automotive customers.
Segment performance
Automotive revenue rose 14.3% to €108.9m, or 61% of product sales, with recovery in Europe and North America after two years of downturn.
Leisure revenue increased 36.5% to €26.5m; Q3 like-for-like revenue grew 14.9% YoY, reflecting organic recovery and acquired-business contributions.
Components & Spare Parts revenue grew 8.7% to €20.6m, driven primarily by Autoclima Group sales.
Hospitality revenue declined 4.3% to €12.1m, mainly due to a 5.5% Hotel drop; Cruise and Hotel showed gradual recovery through the year.
Cooling Appliances revenue fell 2.0% to €8.4m, although Q3 revenue rose 37.7% YoY, supported by Professional milk-refrigerator orders, up 11.5%.
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Latest events from Indel B
- Near-flat FY 2023 revenue, weaker adjusted earnings, and improved net financial position.INDB
H2 2023 - Revenue up 9.4% to EUR 118.2M, but margins and net profit declined amid cost pressures.INDBH1 2026
- Q1 2026 revenue grew 5.0% to €52.5M, led by Leisure and Automotive, despite sector declines.INDBQ1 2026 TU
- Revenue up 1.9% to €207.4M; adjusted EBITDA rose, but net profit fell 12%.INDBH2 2025
- Leisure and Cooling Appliances growth offset Automotive declines, keeping revenues stable.INDBQ3 2025 TU
- Net profit jumped on a €14m one-off gain, offsetting lower revenues and mixed segment trends.INDBH1 2025
- Double-digit growth in Hospitality and Cooling Appliances offset Automotive declines.INDBQ1 2025 TU
- Revenue and profit declined, but margins and long-term outlook remain resilient.INDBH1 2024
- Revenue and profitability declined in FY 2024, but margins and dividend policy remain robust.INDBH2 2024
Next Indel B earnings date
H2 20269 Apr, 2027
Indel B
Next Indel B earnings date
H2 20269 Apr, 2027
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Frequently asked questions
Indel B S.p.A. is an Italian company that designs, manufactures, and sells refrigeration and air-conditioning systems globally. Its product portfolio includes mobile refrigerators and air coolers for vehicles such as trucks, buses, and special vehicles like ambulances and recreational vehicles. The company also provides minibars, safes, and other technological accessories for the hospitality industry, including hotels and cruise ships. Additionally, Indel B produces built-in and transportable refrigeration units for marine applications and cooling appliances for the wine industry. The company is headquartered in Sant'Agata Feltria, Italy, and its shares are listed on the Borsa Italiana.