Cool runnings: AoFrio nabs Coca-Cola bottler as new customer and trials IoT solution with big names

Cool runnings: AoFrio nabs Coca-Cola bottler as new customer and trials IoT solution with big names
Smart refrigeration firm AoFrio has some of the biggest beverage names as customers, including Coca-Cola. (Image: Getty)
Rebecca Stevenson
Smart refrigeration firm AoFrio’s revenue grew by 27.4% for the six months ending on June 30. The New Zealand Exchange-listed (NZX) tech company counts some of the biggest beverage names as its customers, including Coca-Cola and Nestlé. AoFrio provides intelligent electronic thermostats, energy management devices for commercial fridges, efficient motors, and the software to run them.It booked revenue of $38.4 million for the first half of the 2024 financial year and reported earnings before interest, taxation, deprec...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025