Financial PerformanceEBITDA came in at EUR 19.6M, +2.3% yoy, and with a margin expansion of 110bps to 13.8%.
Growth PotentialLU-VE has posted an around 15% revenues CAGR in 2018-23 vs. a high single-digit growth for the industry thanks to the diversification of its applications and being a first player to tap some secular growth trends, such as electrification, decarbonisation, digitalisation, green refrigerant gases.
Market OpportunitiesLU-VE has a number of international opportunities, especially in the datacentre cooling business.