13 March 2024, Uboldo – LU-VE Group approved the consolidated financial report as of 31 December 2023:

• turnover: €617.3 million (-0.2% compared to 2022), with volumes and prices in line with 2022
• adjusted EBITDA: €80.1 million, 13% of turnover (+1.7%)
• net profit (adjusted for extraordinary revenues and costs): €40.7 million (+5.5%)
• orders portfolio: €156 million (-17.3% following the normalization of the timing of order confirmation by customers)

The net financial position as of 31 December 2023 amounted to €126.3 million, an improvement of €15.9 million compared to the same date in 2022 and €41.3 million compared to 30 September 2023.

A dividend of €0.40 per share has been proposed.

“After two years of extraordinary development in which the LU-VE Group has achieved an overall growth in turnover of more than 54% and 73%, in terms of adjusted EBITDA, 2023 was a period of consolidation and confirmation of the results obtained. We are greatly satisfied with this accomplishment. Starting from the second half year of 2023, we launched a number of projects focused on improving profitability: investments in production automation, process reorganization and cost containment – stated Matteo Liberali, Chairman and CEO of the LU-VE Group – In a general environment of various turbulences, 2024 promises to be another year of consolidation of results, in terms of sales volumes, with further increases in profitability and cash generation. Our business model is resilient, based on product differentiation, in sectors with unrelated trends that are supported by “secular trends”. Finally, I am especially proud of the long-standing dedication and commitment of all our employees. My thanks go to them”.