LU-VE SpA (IT:LUVE) has released an update.
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LU-VE Group reported a record EBITDA of €64.1 million despite a 5.6% drop in sales during the first nine months of 2024, attributing its success to strategic process streamlining and organizational restructuring. The company saw a 10.1% increase in order backlog and improved its net financial position significantly, indicating potential for future growth amid challenging market conditions. LU-VE remains optimistic about long-term profitability, driven by strong performance in specific segments like data centers and special applications.
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