IRSAP S.p.a.
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IRSAP S.p.a. - overview
Established
1963
Location
-, -, Italy
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
About
IRSAP S. p. a. is an Italian company specializing in the design and manufacturing of innovative heating solutions, including radiators and towel warmers, that combine aesthetics with functionality for both residential and commercial use.
Founded in 1963, IRSAP S. p. a. operates in the heating solutions sector, offering a range of products that enhance interior environments.
The company is headquartered in Italy. Marco Rossi serves as the CEO, leading the company through its various business strategies. IRSAP S. p.
a. specializes in the design and manufacturing of a diverse range of heating solutions, including hydronic and electric radiators, towel warmers, and modular decorative radiators. Their core product offerings emphasize both aesthetics and functionality, catering to various residential and commercial environments. The TESI range, known for its timeless design, features products that effectively heat and cool spaces while enhancing interior decor.
The company advocates for customized solutions tailored to the unique characteristics of different spaces, ensuring that customers receive optimal thermal comfort and energy efficiency. IRSAP's products are marketed to a broad clientele, including architects, interior designers, contractors, and end-users across multiple geographical regions, including Europe, the Middle East, and select markets in North America. IRSAP S. p.
a. generated revenue of USD 113. 81 mn in the most recent year, 2023, with an EBITDA of USD 10. 47 mn.
The company engages in direct sales of its heating products to both B2B and B2C clients, including retailers, wholesalers, and consumers through its showrooms and online configurators. IRSAP S. p. a.
is focused on expanding its product line and market presence. The company is expected to launch new heating solutions that enhance energy efficiency and design aesthetics, with specific release dates yet to be announced. Furthermore, IRSAP aims to penetrate new markets in North America and Asia by the end of 2025, leveraging recent funding to support these expansion initiatives.
Primary Industry
Heating, Cooling & Ventilation Equipment and Services
Sub Industries
Heating, Cooling & Ventilation Equipment and Services
Website
www.irsap.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
IRSAP S.p.a. - timeline of key events
IRSAP 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) | 60,363,295 | 65,502,824 | 55,063,309 | 53,435,489 | 51,790,679 | 57,974,321 | 64,035,989 | 65,159,809 | 67,128,659 | 71,402,526 | 66,687,638 | 92,958,334 | - | - | - |
| % Revenue Growth (YoY) | - | 8.5% | (15.9%) | (3.0%) | (3.1%) | 11.9% | 10.5% | 1.8% | 3.0% | 6.4% | (6.6%) | 39.4% | - | - | - |
| EBITDA (USD) | 5,754,087 | 5,689,765 | 4,946,967 | 4,381,812 | 2,097,727 | 2,941,641 | 2,019,305 | 2,078,483 | 530,099 | 1,909,828 | 6,035,128 | 5,793,853 | - | - | - |
| Operating Income (USD) | 3,521,408 | 3,150,907 | 2,133,158 | 1,707,846 | 355,326 | 689,077 | (285,176) | (107,672) | (1,754,185) | (475,768) | 4,147,428 | 2,059,973 | - | - | - |
| Operating Margin | 5.8% | 4.8% | 3.9% | 3.2% | 0.7% | 1.2% | (0.4%) | (0.2%) | (2.6%) | (0.7%) | 6.2% | 2.2% | - | - | - |
| % EBITDA Margin | 9.5% | 8.7% | 9.0% | 8.2% | 4.1% | 5.1% | 3.2% | 3.2% | 0.8% | 2.7% | 9.0% | 6.2% | - | - | - |
| NET Income (USD) | 1,591,276 | 3,217,306 | 1,472,630 | 439,934 | (2,526,003) | 355,155 | 2,327,164 | (576,599) | 3,220,025 | 18,567,790 | 4,881,921 | 9,547,430 | - | - | - |
| % Net Margin | 2.6% | 4.9% | 2.7% | 0.8% | (4.9%) | 0.6% | 3.6% | (0.9%) | 4.8% | 26.0% | 7.3% | 10.3% | - | - | - |
IRSAP 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | UK Heating Group | - |
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IRSAP S.p.a. - employee data
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