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Oct. 22, 2020

Q3 2020 turnover in line with pre-COVID results

Uboldo, 22 October 2020 – LU-VE issues figures for the first nine months of 2020:
  • Invoiced products at 30 September 2020 increase to € 291.5 million (+2.4% compared to 30 September 2019).
  • Order book at 30 September amounts to € 78.3 million (-6,7% compared to 30 September 2019, an increase of 7.9% compared to 31 December 2019).
On a like-for-like basis1 turnover (at 30 September 2020) registered a decrease of 7.4%.

The order book figure at 30 September 2020 is compared with the data at 30 September 2019 that is consistent with the scope of the Group.


1)  Excluding the results of the AL Air Division acquired from Alfa Laval, consolidated since May 2019.

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Pursuant to paragraph 2 of article 154 bis of the Consolidated Law on Finance, the Manager responsible for preparing the corporate accounting documents, Eligio Macchi, declares that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.