Market:
Milan

Symbol:
BIT: LUVE

ISIN:
IT0005107492

Industry:
Mechanical equipment


LU-VE Group is one of the major manufacturers in the world in the air heat exchanger field (listed on the Milan Stock Exchange). It operates in various segments of the market: refrigeration (commercial and industrial); process cooling for industrial applications and power generation; air conditioning (civil, industrial and close control); glass doors and closing systems for refrigerated counters and cabinets; IoT mirrors for special applications (digital signage, lift cars, hotel rooms , etc.).  The LU-VE Group is an international company (with HQ in Uboldo, Varese, Italy) consisting of 16 manufacturing facilities in 9 different countries: Italy, China, Czech Rep., Finland, India, Poland, Russia, Sweden & USA, with a network of sales companies and representative offices in Europe, Asia, the Middle East and Oceania. The Group also includes a software house dedicated to ICT (Information and Communications Technology), the development of product calculation software and digitalization. The strength of the Group lies in its employees: over 3,500 qualified people (over 1,100 in Italy); total surface 650,000 sq. m (over 238,000 covered); 3,235 sq. m Research and Development laboratories; 83% of products exported to 100 countries. Turnover over €400 million.

Refrigeration

Refrigeration
59%

Special applications

Special
applications
16%

Air conditioning

Air conditioning
15%

Power generation

Power Gen -
Industrial process
10%

Key figures 2015 2016 2017 2018 2019 2020
Sales (Meur) 212,3 263,3 270,0 306,9 391,6 401,5
Adjusted EBITDA (Meur) 29,1 32,0 31,0 38,4 51,7 45,5
Adjusted EBITDA / Sales % 13,9% 13,5% 11,5% 12,5% 13,2% 11,3%
EPS (Euro) 0,43 0,71 0,26 0,70 0,80 0,45
Dividends per share (Euro) 0,20 0,22 0,22 0,25 0,27 0,27
Employees (year end) 1661 2404 2481 2609 3162 3520

Sales (Meur)

Adjusted EBITDA (Meur)

EPS (Euro)

Dividends per share (Euro)