The Board of Directors approves the consolidated results as of March 31, 2025
Q1-25: ORDER BACKLOG GROWTH (+24.6%) PROFITABILITY HOLDS SOLID DESPITE LOWER SALES
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”.