LU-VE: TURNOVER AND ORDER BOOK GROWING IN 2020

Jan. 13, 2021

LU-VE: TURNOVER AND ORDER BOOK GROWING IN 2020 Targeted acquisitions, geographic and product diversification, green technologies: the resilience of the business model limits the impact of Covid-19

Uboldo, 13 January 2021 - LU-VE issues the figures at 31 December 2020:

• Invoiced products grow to €392.5 million (+0.8% compared to 31.12.2019).
• Order book amounts to €77.0 million (+6.1% compared to 31.12.2019).

On a like-for-like basis¹ invoiced products at 31 December 2020 registered a decrease of 6.3%.

The order book figure at 31 December 2020 compares with a figure at 31 December 2019 which is consistent in terms of the scope of the Group.

1) Excluding the results of the AL Air division (acquired from Alfa Laval on 30 April 2019) in the first 4 months of 2020.

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Pursuant to paragraph 2 of article 154 bis of the Consolidated Law on Finance, the Manager responsible for preparing the corporate accounting documents, Eligio Macchi, declares that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.

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