LU-VE Group: Q2-2023 hit a new sales record
LU-VE Group announces the highlights results as of June 30, 2023: As of June 30, 2023, the sales of products reached € 319.6 million (+2.7% compared to June 30, 2022). On a like-%r-like basis, the change would have been + 0.7 %. In Q2 2023 the sales of products reached € 169.0 million, setting a record for the
LU-VE Group continues to grow abroad and expands in China and the USA
LU-VE Group's international development plan continues in strategic areas and is strengthened in China and the United States. The Italian multinational based in the province of Varese, listed on Euronext Star and one of the world's largest operators in the field of air heat exchangers, announces that it has signed an agreement with the Tianmen Prefecture
LU-VE 2022 Consolidated Financial Statement Approved
LU-VE S.p.A.'s Board of Directors reviewed and approved the consolidated financial report as at 31 December 2022. “2022 was a particularly sad year due to the death of my father, founder and inspiration of LU-VE Group. The 'Gardener of dreams', as he loved to call himself, has left a great void but also an equally
LU-VE Group was awarded by Industria Felix
LU-VE Group has been awarded by Industria Felix as the best large company with registered office in the province of Varese and among the best companies in the mechanical engineering sector with registered office in the Lombardy region for Cerved management performance and financial reliability. The award was presented in Milan at the “Giorgio Squinzi”
LU-VE Group appoints the General Manager
LU-VE S.p.A. announces the appointment of Mr. Riccardo Quattrini as General Manager of the Group as of April 1, 2023, resolved by the Board of Directors at today's meeting upon the proposal of the President and CEO Dr. Matteo Liberali and the COO Mr. Michele Faggioli, consulted the Remuneration and Appointments Committee and the Board
LU-VE GROUP: 25 million from banco BPM for sustainable growth
Banco BPM continues to support the sustainable investments of LU-VE Group, with a 25 million euro loan. The Group is a multinational based in Varese, listed on the Euronext STAR Milan segment, and one of the major operators in the world in the air heat exchangers sector. The transaction has sustainability as its objective and
LU-VE Group: Matteo Liberali appointed as new Chairman
The Board of Directors has appointed the CEO, Mr. Matteo Liberali, as the new Chairman of the company upon the expiry of the current Board of Directors, maintaining all powers already granted to him, which remain unchanged. The Board of Directors of LU-VE is now as follows: • MATTEO LIBERALI, Chairman and Chief Executive Officer
LU-VE Group: in 2022 record product sales to € 605 million
LU-VE Group announces the highlights results for the year 2022: as of December 31, 2022, the turnover of products reached € 605.0 million, +25.2% compared to December 31, 2021). On a like-for-like basis, the growth would have been +22.3%. the order book as of December 31, 2022, is € 188.8 million, +4.8%, compared to December 31, 2021. On a like-for-like
LU-VE Group celebrates 20 years of SEST-LUVE POLSKA
On Friday 9 December, the 20th anniversary of the Polish plant of LU-VE Group was celebrated in Gliwice in Upper Silesia. SEST LU-VE Polska was established on November 30, 2002, the same year in which the euro was introduced and ten new countries, including Poland, joined the European Union. Precisely in that year, LU-VE Group
Deutsche Bank is supporting the growth plans of the LU-VE Group with a €30 million loan
LU-VE Group, a multinational company based in Varese, Italy, listed on Euronext STAR Milan and one of the world’s major operators in the heat exchanger sector, has recently signed a medium-term loan agreement with Deutsche Bank for a total of 30 million euro, expiring in 2028, aimed at supporting the company's growth plans. The loan is intended to
LU-VE Group: in the first nine months of 2022 turnover grows by 30.5%
Turnover at the end of September was €467.7 million, up 30.5%, while the third quarter recorded a 14.3% increase in sales, closing with an order backlog of €196.4 million, up 27.6 percent from the corresponding period in 2021. Both Business Units "Components" and "Cooling Systems" were confirmed to be growing again at the end of
BNL BNP Paribas has structured a €40 million “positive loan” for LU-VE Group
BNL BNP Paribas has structured a €40 million "positive loan" (technically a sustainability-linked loan) for LU-VE Group, a multinational company based in Varese, Italy, listed on the Euronext STAR Milan segment of the Euronext Milan market and the third largest manufacturer in the world in the field of air heat exchangers for refrigeration, industrial processes,