Ariston Q3 2025 Sees Growth and Margin Boost as Heat Pumps Rebound
- brg_news_room
- Nov 6
- 1 min read
ITALY: Ariston’s shares rose 6.37% to €3.70 (US$ 4.26) following the release of its third quarter and nine-month 2025 results on November 5, which highlighted accelerated organic growth and continued margin improvement supported by a strong rebound in heat pump demand. The company reported net revenues of €668 million (US$ 768 million) for Q3 2025, reflecting 4.2% year-over-year organic growth. Adjusted EBIT reached €48 million (US$55 million), with a 7.4% margin on a like-for-like basis, marking the third consecutive quarter of year-over-year margin expansion.
According to the company’s detailed performance breakdown, growth was primarily driven by the heating division, particularly heat pumps, while the water heating segment continued to deliver steady results. Free cash flow remained positive at €15 million, though down from €37 million (US$ 42 million) in Q3 2024. Ariston attributed the decline to increased investment activity, noting that the prior year’s figure benefited from an exceptional working capital reduction.
Source: Ariston
