Climaveneta, fifth group in the global air condition market, European leader in chiller and heat pumps celebrates this year his successful forty years history.

De'Longhi, president of the group now says "Starting from the big success of the Pinguino De' Longhi, I had the intuition to invest in the air conditioning because I believed, probably correctly, it was a still "young" market and therefore an area that offered great opportunities for the future. The choice of acquaring Climaveneta was not made by chance but has been defined following market investigations; Climaveneta was certainly an interesting company, with significant growth rates, but the aspect that most impressed me was the international presence. In 1994 over 65% of Climaveneta total turnover came from foreign market. For an international company like De' Longhi this was certainly a key ingredient".

Mr. Carlo Grossi, Climaveneta CEO and Eurovent President says: "Climaveneta has always based his success on thedepth of the range,on innovation and on quality and products reliability. This is the reason why Climaveneta takes part since a long time in the Eurovent certification and has always strong invested in updating his own testing rooms that are pride of Climaveneta offer, a mark of distinction and an element of great distinction from competitors. Units certification of performance in terms of energy efficiency and noise level is at the basis true relationship between Climaveneta and his customers and represent now a guarantee of absolute products reliability. That's because 'I am convinced that with the sepremises, Climaveneta will be able to grow further in the international scene."

Maurizio Marchesin, General Manager, talking about 2010 results adfirms: "Despitean economic situation still far fromstability and security, Climaveneta has been able to close 2010 with an absolutely satisfactory performance by more thana 12% increase inconsolidated revenues. Excellent result in Italy but also very good performance of foreign markets. We had good result, even if notexciting, in traditional countries of Western Europe in which Climaveneta has always had an excellent introduction, like Spain, Portugal, England, France, Holland, and an extraordinary growth innon-European countri es such as North Africa, Eastern Europe, India and especially China. This results is inline with expectations and with the strategic plan and the efforts being made to consolidate Climaveneta global presence in international markets.
Climaveneta is now ready to implement a further leap in quality that put the Company among the few who can really compete on global markets and that can address his offer not only to the biggest European markets but also to new and more demanding markets."