Market:
Milan

Symbol:
BIT: LUVE

ISIN:
IT0005107492

Industry:
Mechanical equipment

LUVE is one of the world’s major industrial companies specializing in design and production of heavily engineered air heat exchangers and high-efficiency cooling systems for commercial, industrial, and technological applications. Founded in 1986, the company has grown to become a global player in the HVACR sector, known for its strong commitment to innovation. LUVE operates a network of 20 production facilities (in 9 countries) and 35 sales offices across Europe, Asia, and North America, serving customers in over 100 countries. The company’s portfolio includes air heat exchangers, condensers, dry coolers, ventilated units and glass doors for refrigerated counters and cabinets, with applications ranging from food preservation and data center cooling to industrial refrigeration, power generation, nuclear, mobile applications and air conditioning. The strength of LUVE lies in over 4,000 skilled people. The company is strongly focused on R&D and collaborates actively with many universities worldwide, to drive innovation and deliver advanced thermal exchange solutions. LUVE is listed on the Italian Stock Exchange, since 2015. www.lu-ve.com
Page data updated on 10/04/2026 at 03:00 PM

Refrigeration

Refrigeration
49%

Air conditioning

Air conditioning
23.8%

Special applications

Special
applications
14.6%

Power generation

Power Gen -
Industrial process
11.5%

Settings

Other revenue
1.1%

Key figures (1) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Sales (Meur) 212,3 236,3 270,0 306,9 391,6 401,5 492,0 618,6 617,3 589,1 605,4
EBITDA adjusted (Meur) 29,1 32,0 31,0 38,4 51,7 45,2 60,8 78,8 80,1 82,5 88,7
EBITDA adjusted / Sales % 13,7% 13,5% 11,5% 12,5% 13,2% 11,3% 12,4% 12,7% 13,0% 14,0% 14,7%
Net financial position /EBITDA 0,10 0,92 1,21 1,74 2,30 2,36 2,00 1,89 1,60 1,18 0,82
EPS fully diluted (Euro) 0,43 0,71 0,26 0,70 0,79 0,45 1,07 2,15 1,34 1,80 2,06
Dividend per share (Euro) (2) 0,20 0,22 0,22 0,25 0,27 0,27 0,35 0,38 0,40 0,42 0,47
Employees (number at year end) 1.661 2.404 2.481 2.609 3.169 3.520 4.149 4.058 4.024 3.915 3.961
Market cap (Meur - year end) 188,8 229,1 238,4 208,6 284,6 310,2 533,6 625,9 513,6 617,0 876,0
(1) Source: published Financial Statements (2) Reference year - paid the following year

Sales (Meur)

EPS fully diluted (Euro)

Net financial position /EBITDA

EBITDA adj (Meur)

Dividends per share (Euro)

Market cap (Meur - year end)