The performance was driven by the continued expansion of own brand sales in North America, in addition to the strong OEM business performances (Euro 148.3 million in FY 2025, +2.0% YoY). Revenue in the Americas was up 2.2% (+7.0% organic) on the previous year, thanks to the winning of new customers and distributors and the introduction of new products. EMEA sales were also positive, growing 8.4% in Q4 2025 vs Q4 2024.
Both the Heating and Ventilation segments performing strongly and improving in Q4 2025 over the comparative period.