Olimpia Splendid S.p.A.
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Olimpia Splendid S.p.A. - overview
Established
1956
Location
-, -, Italy
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
Olimpia Splendid S. p. A. specializes in innovative climate control solutions, offering a range of air conditioning units and heating systems tailored for residential and commercial use, emphasizing efficiency and design.
Founded in 1956 in Italy, Olimpia Splendid S. p. A. is dedicated to the design and manufacturing of portable air conditioning and heating solutions.
The company has undergone strategic pivots to enhance its product offerings and expand its market reach. Marco Saccone currently serves as CEO, leading the company through its innovative developments. The company has completed one significant deal, with the most recent being on May 6, 2019, where Alto Partners acquired a 30% minority stake in the firm. Olimpia Splendid specializes in designing and manufacturing portable air conditioning units and heat pump systems that require no outdoor units.
Their core products include the MAESTRO wall-mounted air conditioner and heater, DOLCECLIMA portable air conditioners, and the NEXYA multi-split air conditioning systems. These products cater to a broad audience, including homeowners, property managers, and businesses, focusing on efficient climate control while maintaining aesthetic appeal. The company's products are primarily marketed in North America and Europe, aligning with demands for efficient and environmentally friendly solutions. For the year 2023, Olimpia Splendid reported a revenue of USD 99.
90 mn and an EBITDA of USD 9. 33 mn, demonstrating solid financial performance through its direct sales strategy targeting both B2B and direct-to-consumer markets. Olimpia Splendid aims to expand its product line with upcoming innovations in air conditioning technology and explore new markets in North America and Europe by 2025. The recent funding round in May 2019 will support these initiatives, enhancing product development and market outreach.
Current Investors
Alto Partners
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Heating, Cooling & Ventilation Equipment and Services
Website
www.olimpiasplendid.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Olimpia Splendid S.p.A. - timeline of key events
Olimpia Splendid S.p.A. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 55,115,964 | 55,125,470 | 48,789,008 | 50,106,609 | 41,255,827 | 44,352,704 | 51,913,019 | 55,940,729 | 57,657,825 | 74,666,931 | 70,553,432 | 79,632,742 | - | - | - |
| % Revenue Growth (YoY) | - | 0.0% | (11.5%) | 2.7% | (17.7%) | 7.5% | 17.0% | 7.8% | 3.1% | 29.5% | (5.5%) | 12.9% | - | - | - |
| EBITDA (USD) | 839,316 | 1,515,922 | 1,017,476 | 2,328,065 | 1,611,036 | 2,374,131 | 3,708,504 | 4,817,044 | 4,565,315 | 7,027,007 | 7,101,716 | 5,968,503 | - | - | - |
| Operating Income (USD) | (22,402) | 644,149 | 111,293 | 949,561 | 412,757 | 1,471,784 | 2,766,110 | 3,898,637 | 3,583,743 | 5,908,962 | 5,765,673 | 3,453,059 | - | - | - |
| Operating Margin | (0.0%) | 1.2% | 0.2% | 1.9% | 1.0% | 3.3% | 5.3% | 7.0% | 6.2% | 7.9% | 8.2% | 4.3% | - | - | - |
| % EBITDA Margin | 1.5% | 2.7% | 2.1% | 4.6% | 3.9% | 5.4% | 7.1% | 8.6% | 7.9% | 9.4% | 10.1% | 7.5% | - | - | - |
| NET Income (USD) | (159,892) | 42,514 | (370,529) | 7,554 | (3,518,374) | 121,525 | 1,340,150 | 2,542,481 | 2,076,024 | 4,829,643 | 3,153,067 | 1,843,805 | - | - | - |
| % Net Margin | (0.3%) | 0.1% | (0.8%) | 0.0% | (8.5%) | 0.3% | 2.6% | 4.5% | 3.6% | 6.5% | 4.5% | 2.3% | - | - | - |
Olimpia Splendid S.p.A. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Olimpia Splendid S.p.A. | - |
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Olimpia Splendid S.p.A. - employee data
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