Tropical SA
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Tropical SA - overview
Location
Athens, -, Greece
Primary Industry
Automobiles, Other Vehicles & Parts
About
Tropical SA specializes in designing and manufacturing advanced air conditioning systems for commercial vehicles, including buses and transport vehicles, ensuring optimal climate control for demanding environments. Founded in Athens, Greece, Tropical SA focuses on providing high-performance climate control solutions for commercial transportation. The company's CEO is Tropical SA. Tropical has undergone a strategic pivot towards expanding its market presence in Europe and beyond, especially since its most recent funding round in March 2012, where it raised financing from unidentified investors.
Tropical specializes in the design, manufacture, and installation of high-performance air conditioning systems specifically tailored for commercial vehicles, including buses, minibuses, and transport vehicles. Their core offerings include the AYTONOMUS system with a cooling capacity of 12,000 to 20,000 BTU/h and the VANFRIGO series for refrigeration, maintaining temperatures from +18°C to -18°C in isothermal trucks. These products are aimed at clients in the transportation sector across Europe, delivering dependable climate control solutions. In the most recent fiscal year of 2022, Tropical SA generated revenue of USD 47,869.
90 and achieved an EBITDA of USD 13,758. 90. Their revenue model is based on B2B sales agreements with transportation companies and vehicle manufacturers, ensuring comprehensive solutions including installation services for their air conditioning and refrigeration systems. Tropical SA is actively working on new product developments scheduled for release by the end of 2023.
The company aims to expand into additional European markets as well as explore opportunities in emerging markets outside Europe. The funding raised in March 2012 will be strategically utilized to support these initiatives, enhancing product offerings and facilitating market penetration.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.tropical.gr
Verticals
Clean Technology, Electric & Hybrid Vehicles, Manufacturing
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Tropical SA - financials
| Fiscal Year Ended | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 315,011.2 | 253,228.7 | 69,345 | 191,648.6 | 415,541.8 | 158,615.6 | 255,961.9 | 295,838.2 | 40,205.7 | - | - | - |
| % Revenue Growth (YoY) | - | (19.6%) | (72.6%) | 176.4% | 116.8% | (61.8%) | 61.4% | 15.6% | (86.4%) | - | - | - |
| EBITDA (USD) | 51,220 | 35,179.3 | (245,510.4) | 104,519.2 | 324,077.3 | 280,270.3 | 347,254.1 | 349,883 | 319,757.2 | - | - | - |
| Operating Income (USD) | 32,651 | 27,598.7 | (253,191.3) | (204,019.4) | 6,598.6 | (47,165.4) | 6,250.3 | 2,290.4 | (33,758.9) | - | - | - |
| Operating Margin | 10.4% | 10.9% | (365.1%) | (106.5%) | 1.6% | (29.7%) | 2.4% | 0.8% | (84.0%) | - | - | - |
| % EBITDA Margin | 16.3% | 13.9% | (354.0%) | 54.5% | 78.0% | 176.7% | 135.7% | 118.3% | 795.3% | - | - | - |
| NET Income (USD) | (11,992.9) | (19,351.9) | (299,547.1) | (204,747.8) | 5,605.6 | (47,683.3) | 5,273.7 | 1,872 | (34,203) | - | - | - |
| % Net Margin | (3.8%) | (7.6%) | (432.0%) | (106.8%) | 1.3% | (30.1%) | 2.1% | 0.6% | (85.1%) | - | - | - |
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