The Board of Directors of LU-VE S.p.A., meeting reviewed and approved the consolidated financial report as at 30 June 2020.
In the first half-year of 2020 the Group achieved:
• Turnover of €194.8 million, up by 4.3%
• EBITDA of €21.8 million, up by 7.3%
• Net profit of €6.0 million, up by 6.7%.
In June 2020 the net financial position was €126.2 million, an improvement of 16.8% compared to June 2019, thanks to an adjusted net cash generation in the 12 months of €29.7 million (up by 16.5% compared to the result in June 2019).
“The first half of 2020 ended with positive data. - declared Iginio Liberali, President of LU-VE Group - I thank the women and men of LU-VE Group, who reacted promptly, with a sense of sacrifice and the ability to adapt, to ensure everyone's health and production continuity. The good results of the first part of the year derive from our long-term growth strategy, based on geographic and product diversification, investments in R&D and targeted acquisitions. The future macroeconomic scenario remains uncertain and it is difficult to predict. However, I am sure that the strength demonstrated by the managers and all the Group collaborators will enable us to pursue our objectives of medium and long-term growth in volumes and profitability”.
