Uboldo (Varese), May 13, 2025 - The Board of Directors of LU-VE S.p.A. approved the consolidated results as of March 31, 2025.
In the first three months of 2025, the LU-VE Group achieved the following results:
turnover €135.3 million (-4.6% compared to Q1-24)
order backlog of €210.4 million (+24.6% compared to Q1-24)
EBITDA adjusted to €18.3 million or 13.5% of sales vs 13.8% in Q1-24
net cash generation from operation to € 17.6 million (13.0% of sales) vs.€ 17.4 million in Q1-24 (12.3% of sales)
As of March 31, 2025, the net financial position amounted to €104.0 million, an improvement of €33.1 million, compared to the same date in 2024.
"In the first quarter of 2025, we recorded growth in the order book and robust profitability, despite a slow start in revenue, in line with expectations. The slowdown is mainly due to delays in some projects of the Cooling Systems SBU, which nevertheless closed the period with an all-time high in the value of the order book. - stated Matteo Liberali, President and CEO of LU-VE Group - Despite the current scenario of widespread uncertainty, we expect an acceleration in sales in the second half of 2025, thanks to the high order book, the strengthening of market demand and the impact of the investments made in the past months. Our commitment to growth is focused on operational improvements, combined with sustainable expansion, while maintaining a solid financial base. I have great confidence in the dedication, flexibility and professionalism of the women and men of the Group, to whom I extend my thanks, once again, for the commitment and passion they put into their work".
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LU-VE S.p.A. published this content on May 13, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2025 at 12:08 UTC.
LU-VE SpA is an Italy-based company engaged in the electrical components and equipment industry. The Company mainly provides refrigeration and air conditioning products. Its products portfolio encompasses commercial unit coolers, industrial unit coolers, air coolers, tubeless steel condensers, air cooled condensers, dry condensers, accessories and special products. Through its sales entities, such as LU-VE France Sarl, LU-VE Polska, LU-VE Deutschland GmbH and LU-VE Austria Representative, among others, the Company is active in the domestic market, Australia, Austria, China, Hong Kong, France, Germany, India, Poland, the Russia Federation, Singapore, Spain, United Arab Emirates and the United Kingdom.
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