Kaltra has reported robust sales growth in the first half of 2024, attributed to recent advancements in manufacturing processes.
“The implementation of a new manufacturing process for our microchannel heat exchangers allowed us to improve the quality and longevity of our products without increasing the production costs,” said Paul Larson, Business Development Officer at Kaltra. This has directly resulted in a 27% sales increase in the first half of the year.
Despite rising shipping costs, Kaltra's sales grew by 23% in Q1 and 31% in Q2. Organic sales also saw a significant rise, increasing by 19% in Q1 and 24% in Q2.
This remarkable performance is largely driven by the integration of new technologies and know-how, leading to quality enhancements. The sales spike is notable among first-time customers, with substantial contributions from long-term customers in North America and Europe.
With these results, Kaltra forecasts a revenue increase of 18% above initial estimates for 2024, expecting full-year revenue to be 25% higher than in 2023.
