LU-VE S.p.A.

LU-VE S.p.A.

59.80
EUR
-4.80
(-7.43%)
2.25EPS
30.53P/E
1.47BMarket Cap
Nov 12Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.01
10.78
12.1
12.59
13.85
17.66
18.1
22.12
27.79
27.73
26.44
27.19
28.56
Basic EPS, GAAP
0.52
0.47
0.81
0.26
0.7
0.79
0.45
1.07
2.15
1.34
1.55
1.72
2.18
Free Cash Flow per Basic Share
0.44
0.38
0.21
-0.23
-0.3
1.01
0.7
-0.42
-0.15
1.59
2.57
1.62
1.94
Dividend per Share
0.08
0.23
0.2
0.21
0.24
0.27
0.3
0.29
0.37
0.38
0.4
0.42
0.5
Book Value per Share
3.36
6.27
6.71
6.24
6.44
6.99
6.62
7.54
9.31
10.07
11.23
12.46
13.15
Tangible Book Value per Share
1.33
4.27
3.59
3.4
3.26
2.59
2.35
3.47
4.88
5.89
7.27
8.76
9.54
Basic Weighted Avg Shares
20
20
19
21
22
22
22
22
22
22
22
22
22
Sales/Revenue/Turnover
215
211
236
269
306
390
400
491
617
616
587
604
634
Operating Margin (%)
9.26
6.73
7.34
5.17
6.74
5.96
5.5
6.34
6.81
7.67
8.75
9.31
9.96
Depreciation Expense
12
12
13
15
16
24
28
30
33
32
32
31
30
Net Income, GAAP
10
9
16
6
15
18
10
24
48
30
34
38
48
Effective Tax Rate (%)
27.78
8.94
16.42
26.24
7.31
11.41
10.09
19.09
16.89
13.77
23.89
24.31
23.95
Profit Margin (%)
4.71
4.32
6.69
2.1
5.04
4.49
2.47
4.83
7.73
4.83
5.87
6.31
7.62
Working Capital
13
102
92
96
119
74
154
146
279
209
247
337
335
LT Debt
56
94
106
113
152
151
240
214
330
257
280
344
322
Total Equity
69
126
134
140
145
159
151
172
211
229
255
284
299
Return on Invested Capital (%)
- -
6.58
5.67
3.61
5.72
5.29
3.23
4.92
5.91
6.36
6.04
6.03
6.71
Return on Capital (%)
- -
5.43
6.35
2.1
5.01
4.88
2.49
4.69
9.05
5.64
6.18
6.54
8.07
Return on Common Equity (%)
- -
9.68
12.38
4.17
11
11.76
6.53
15.1
25.5
13.82
14.58
14.5
17.62

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
123
117
128
LT Borrowings
328
342
307
LT Finance Leases
16
- -
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
875
874
1,475

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
639
674
690
Cash, Cash Equivalents & STI
394
388
381
Accounts Receivable, Net
122
147
146
Inventories
111
124
147
Total Current Liabilities
301
312
355
Payables & Accruals
- -
- -
- -
ST Debt
123
117
128
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.69%
13.56%
11.06%
Free Cash Flow
-205.69%
-269.68%
-37.13%
Net Income, GAAP
38.25%
46.03%
10.51%
Sales/Revenue/Turnover
11.62%
9.28%
2.82%
Total Cash Common Dividend
8.11%
7.84%
5%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
142
154
142
150
587
2025
135
159
145
165
604
2026
153
171
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.39
0.29
0.39
1.55
2025
0.34
0.4
0.49
0.5
1.72
2026
0.5
0.7
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.44
- -
-0.04
0.4
2025
- -
0.42
- -
- -
0.42
2026
- -
0.5
- -
- -
- -

Company Description

CEO
Matteo Liberali
Full Time Employees
3,069
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Via Caduti della Liberazione, 53 Uboldo VA Italy 21040
IPO Date
Jul 9, 2015
Business
LU-VE S.p.A. (LUVE.MI) manufactures and sells heat exchangers and refrigeration components for the commercial, transport, and industrial refrigeration sectors. The company produces a range of products including evaporators, condensers, dry coolers, and power packs; unit coolers and air-cooled condensers under the Lu-Ve brand; and CO2 heat exchangers and natural refrigerant solutions for sustainable applications. It also provides engineering services for customized refrigeration systems and aftermarket support through its global service network. Founded in 1986 and headquartered in Varese, Italy, LU-VE operates production facilities in Italy, the Netherlands, the United Kingdom, Poland, China, and the United States, serving customers in over 100 countries across Europe, North America, Asia-Pacific, and emerging markets. The company targets food retail chains, cold storage providers, transport refrigeration firms, and industrial process cooling operators with energy-efficient, low-GWP refrigerant technologies. In recent developments, LU-VE expanded its sustainable offerings with the launch of next-generation CO2-based heat exchangers in 2024, aligning with EU F-Gas regulations. The company formed a strategic partnership with a leading Chinese HVAC firm in early 2025 to enhance its Asia-Pacific production capacity and acquired a Polish dry cooler manufacturer to bolster Eastern European operations. These moves support ongoing business growth amid rising demand for eco-friendly refrigeration solutions.