LU-VE Group announces record turnover and order book

Region: Europe

LU-VE Group announces record turnover and order book

President of the organisation attributes growth to the strength and sense of duty shown by the employees

Added: March 21, 2021 | By: CPI Industry - Content Team

UBOLDO, Varese, Italy, 21 March 2021: LU-VE Group announced its financial results as of December 31, 2020, which includes a turnover of €401.5 million (a 2.5% increase compared to 2019). The company posted an EBITDA of €45.2 million, which it said represents a decline by 3.3% compared to 2019.

Iginio Liberali (Photo courtesy: LU-VE Group)

LU-VE also announced an order book at €88.8 million, as of February 2021, which it said is the highest ever reached by the Group (+5.3% compared to February 2020; +15.3% compared to December 2020).

“I would like to thank all the men and women of LU-VE Group for showing their usual strength and sense of duty,” said Iginio Liberali, President, LU-VE Group. “This attitude has allowed us to grow even in a year as difficult as 2020. Our strength lies in the fundamental values we have always practiced: humility; passion; creative intelligence; to generate value for us, for our company and for the market.”