The analysis of non‑consolidated data for the first quarter of 2026 shows a turnover of €19.4 million, with a product mix strongly driven by Dry Coolers, Round Tube Coils, and Microchannel Cores. These results reflect growing market confidence and a rapidly increasing demand for data center cooling, process cooling, and HVAC applications.

During the period under review, order intake increased by +105% compared to Q1 2025, supported by a +78% improvement in the orders-to-turnover ratio, confirming a strong commercial acceleration. At the same time, the production investments implemented in recent months have enabled an increase in overall manufacturing capacity and a significant optimization of industrial processes. This has made it possible to manage a production backlog for 2026 currently exceeding €45 million, with total orders already surpassing the company’s total revenues for the entire previous year.

These results highlight a solid and well‑structured growth path, driven by increasing trust in ThermoKey solutions, chosen by the market for their reliability, high energy efficiency, and seamless integration into next‑generation systems.

A performance that strengthens the company’s positioning and consolidates growth prospects for a record‑breaking 2026.