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Lu-Ve Group: 2018 statement

 

Lu-Ve Group: 2018 statement

For the LU-VE Group, the year 2018 was very positive and at the same time, it was an important year for future development and growth.
- For the first time, consolidated revenues exceeded the threshold of 300 million: € 306.9 (+ 13.6%; + 11.7% given the same scope of consolidation). Adjusted EBITDA reached € 38.4 million (12.5%) of sales, up approximately 24% compared to € 31.0 million in 2017 (11.5%). Net income equals € 16.1 million, approximately € 10.0 million more than in the previous year.
- In June, the acquisition of 100% of the company Zyklus (Jacksonville, Texas) was completed. The operation is the culmination of a strategic project which aims at entering the world's largest refrigeration and air conditioning market: the first essential step in a medium-term plan for growth in the North American continent;
- In December, a preliminary agreement was signed for the acquisition of the "Air" division of the Swedish multinational Alfa Laval, by far the most important operation in the history of the Group: it will make LU-VE the third largest world player (second in Europe) within the ventilated device sector;

The projects for doubling the Polish plant and relocating and expanding the Chinese production site have continued in compliance with deadlines and cost estimates. The portfolio of orders reported constant growth in 2018 (as of 31 December + 11.4% compared to the previous year).
Reports will be made available to the public - together with the Annual Financial Report as of 31 December 2018 containing, amongst other items, the financial statements of the year and the consolidated financial statements as of 31 December 2018, the Directors' Report on Operations, the Reports of the Statutory Auditors and of the Independent Auditors - within the deadlines prescribed by law at the administrative office and on the Company's website: www.luvegroup.com, section “Investor Relations” “Shareholders’ meeting documentation" “Shareholders' Meeting of 29 April  2019", as well as on the authorized storage mechanism eMarket Storage at the address www.emarketstorage.com.

Gateway: all the most important media are talking about us

Gateway: all the most important media are talking about us

26 March 2019
After its presentation at all the most important trade fairs in the sector and innovation exhibitions in general, gateway has been reported on by all the major national and international economic newspapers.
The mirrors of the lift cabin become multimedia “windows” connected to the internet, displaying different types of content from information (safety and commercial), photos and videos, advertising and digital signage to instructions for technicians working on maintenance.
This is a project from TGD –Thermo Glass Door, (a company in Pavia owned by LU-VE Group) specializing in the design and manufacture of glass doors and closing systems for the refrigeration market. TGD has built on its experience to correctly interpret the needs also of this new market.

LU-VE: The Ambassador of Italy visits Lipetsk plant

LU-VE: The Ambassador of Italy visits Lipetsk plant

On March 15, the Italian Ambassador to the Russian Federation, Pasquale Terracciano visited the LU-VE Group plant in Lipetsk. The Italian Honorary Consul Vittorio Torrembini, in agreement with the Governors of the Lipetsk and Voronez Regions, organized the trip in collaboration with ITA/ICE and the Italian Entrepreneurial Council in Russia.
LU-VE Group was chosen from among the companies operating in the Special Economic Zone of Lipetsk, where “OOO” SEST LU-VE has been present since 2007. The plant produces static unit coolers for commercial refrigeration and air-conditioning, as well as ventilated unit coolers for commercial and industrial refrigeration, destined for the local market.
“We are proud to have been able to host the Ambassador" commented Fabio Liberali, Chief Communications Officer of LU-VE and member of the Group's Board of Directors. "For us Russia is a strategic market. We want to continue to grow in this territory, to which we are deeply connected, and in Russia, which is the target market for our production of Lipetsk.”

TGD equipped with the first digital screen printing system

TGD equipped with the first digital screen printing system

26 March 2019
In keeping with its strategy of continuous technological innovation, TGD, leader in its sector, is now equipped with a digital screen printing system for glass.
With this investment of over €400,000 the company in Travacò Siccomario has completely vertically integrated the process of working the glass, significantly increasing the efficiency and flexibility of the production processes.
The screen-printing equipment, the most advanced currently available, can reproduce on glass sheets any digital image, even in four colours, all in vitrifiable enamels.
The widest range of personalization offered by TGD is the key for all our partners to unlock their creativity, making their products unique and successful in the marketplace. 
Only one limit, the imagination.

Laura Oliva, Director of LU-VE Group, wins a “Women in Finance-2019 Italy” award

Laura Oliva, Director of LU-VE Group, wins a “Women in Finance-2019 Italy” award

8 March 2019 
Laura Oliva, a member of the Board of Directors of LU-VE Group, has received one of the “Women in Finance – 2019 Italy Awards”, in the FinTech category, in which she participated with her company eKuota.
The prize was attributed by the British Ambassador to Italy and the law firm Freshfields Bruckhaus Deringer, in collaboration with Borsa Italiana (the Italian Stock Exchange) in recognition of the contribution of female talent to the world of finance.
Ms. Oliva received the award from the hands of the British Ambassador Ms. Jill Morris.
Carmine Di Noia, Commissioner of CONSOB (the Italian Companies and Exchange Commission), explained the reasons for the award: “An expert in FinTech technologies and Co-founder and Administrator of a platform which applies advanced statistical analysis techniques to develop automated mechanisms to select the best financial strategies. Laura is an example of a professional who has taken advantage of diverse experiences in the company finance and risk management sector to develop innovative technology, but which is at the same time is easy to use and is recognised as one of the best applications of artificial intelligence in FinTech. As a protagonist of the digital ecosystem, she has engaged in initiatives promoting inclusion and the dissemination of investment skills among women.