Uboldo (Varese, Italy), 14 March 2023 – LU-VE S.p.A.’s Board of Directors reviewed and approved the consolidated financial report as at 31 December 2022.

In 2022 the group achieved:

• Turnover € 618.6 million (+25.7% compared to 2021)
• Adjusted EBITDA € 78.8 million (+29.6%)
• Net profit € 49.1 million (+98.0%)
• Order backlog € 188.8 million (+4.8%)
• A dividend of € 0.38 per share has been proposed.

“2022 was a particularly sad year due to the death of my father, founder and inspiration of LU-VE Group. The “Gardener of dreams”, as he loved to call himself, has left a great void but also an equally great lesson, which will guide us towards the future – said Matteo Liberali, Chairman and CEO of LU-VE Group. – From the point of view of results, we are proud to have reached a new record in turnover, despite the dramatic disturbances caused by the war in Ukraine, the supply chain difficulties and inflation. Last year we laid the foundations for growth with the acquisitions carried out and with the activities to improve our sustainability. With the usual passion we are working on new projects to be ready to catch all market opportunities. I would like to thank all the women and men of the LU-VE Group for their commitment and determination, which I am sure they will demonstrate also in the future”.