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LU-VE sees growth through diversification

LU-VE's financial report for the first six months of 2020 showed over 4% growth despite restrictions imposed as a result of the global pandemic.

In the first half-year of 2020 the Group achieved:

  • Turnover of €194.8 million, up by 4.3%
  • EBITDA of €21.8 million, up by 7.3%
  • Net profit of €6.0 million, up by 6.7%.

In June 2020 the net financial position was €126.2 million, an improvement of 16.8% compared to June 2019, thanks to an adjusted net cash generation in the 12 months of €29.7 million (up by 16.5% compared to the result in June 2019).

“The first half of 2020 ended with positive data,' said Iginio Liberali, president of LU-VE Group. 'I thank the women and men of LU-VE Group, who reacted promptly, with a sense of sacrifice and the ability to adapt, to ensure everyone's health and production continuity. The good results of the first part of the year derive from our long-term growth strategy, based on geographic and product diversification, investments in R&D and targeted acquisitions. The future macroeconomic scenario remains uncertain and it is difficult to predict. However, I am sure that the strength demonstrated by the managers and all the Group collaborators will enable us to pursue our objectives of medium and long-term growth in volumes and profitability.”

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