First half of 2023 equals first half of 2022 record results

Uboldo (Va), 7 September 2023 – LU-VE S.p.A.’s Board of Directors, which met today, reviewed and approved the consolidated half-yearly financial report as at 30 June 2023:

• turnover of €320.3 million (+0.6%, compared to the first half of 2022)
• order backlog €187.5 of million (in line with the result at December 2022)
• adjusted EBITDA of €42.5 million (13.3% of turnover, -0.7% compared to the first half of 2022)
• net profit of €19.1 million (6.0% of turnover)

“In the first six months of 2023, albeit against the backdrop of an uncertain and unsettled general scenario, the Group confirmed its position at the levels of the first half of 2022, which was by far the best in our history, even exceeding its turnover”,– said Matteo Liberali, President and CEO of LU-VE Group – In this first part of the year, we have also laid the foundations for the next development: the expansion of the plants in Gliwice (Poland) and Talmassons (Udine), conversion of the former ACC Wanbao production site in the Belluno area and the start of the expansion works of the Tianmen factory (China). Equally important is the big push on the process of integrating sustainability into the corporate strategy, already launched in 2022. Our strength lies in the men and women of LU-VE Group, thanks to their commitment and their dedication .”