Olimpia Splendid Reports Stable Performance in 2024, Advances Sustainability and Innovation

Olimpia Splendid Perfromance in 2024

ITALY: Olimpia Splendid closed the 2024 fiscal year with stable revenues of €113 million, slightly down from €116 million in 2023. Despite margin pressures, the company improved its net financial position from -€5.5 million to -€1.8 million. Its international market share rose to 46%, supported by steady global demand and continued investment in R&D. The company navigated a challenging macroeconomic and HVAC sector environment by focusing on economic efficiency, capital optimization, and product innovation—mitigating revenue losses in the air-to-water heat pump segment affected by fading policy incentives.

Progress on climate goals also accelerated, with a 28% reduction in Scope 1 and 2 emissions and a 50% increase in self-generated solar energy. Now, 97% of its energy comes from renewable sources. The launch of a near-zero GWP heat pump line and the creation of OSIX—an innovation hub for sustainable HVAC technologies—underscore Olimpia Splendid’s commitment to environmental sustainability, global expansion, and technological leadership.

Source: Uptrade