LU-VE GROUP approved the consolidated financial report in the first half of 2021

Date: 10 September 2021
LU-VE GROUP approved the consolidated financial report in the first half of 2021
LU-VE S.p.A.'s Board of Directors reviewed and approved the consolidated financial report as at 30 June 2021.

In the first half of 2021 the group achieved:
• Turnover €227.6 million (+ 16.8%)
• Order book €146.3 million (+78.3%)
• EBITDA €26.5 million (+21.7%)
• Net profit €9.7 million (+63.0%).

In June 2021 the net financial position was negative €116.8 million improved by 7.4% compared to June 2020, thanks to an adjusted net cash flow of €30.9 million (up 4.0% compared to June 2020) in the 12 months.

"The first half of 2021 had a major growth in turnover and, above all, of the order book, overcoming the difficulties of procurement and increasing costs. This is encouraging for the year-end," – said Iginio Liberali, President of LU-VE Group. "The general economic recovery and the resumption of projects that were slowed down by the pandemic gave a big boost to this growth. Our good results mostly come from the strategic investments for the innovation of the production and products, focusing on energy efficiency and on increased use of natural refrigerants. Thanks to these solutions we gained access to new markets, both in the geographical sense and as far as segments are concerned. We will continue down this path with our usual enthusiasm, positive attitude and commitment that we put into our everyday work."

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