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G. LU - VE leadership with passion PRESS RELEASE LU - VE GROUP : IN THE FIRST HALF OF 2021 ROBUST TURNOVER GROWTH , ORDER BOOK AND NET PROFIT Consolidated half - yearly financial report as at 30 June 2021 approved In the first half of 2021 the group achieved : • € 227.6 million turnover ( + 16.8 % ) order book € 146.3 million ( + 78.3 % ) • € 26.5 million EBITDA ( + 21.7 % ) € 9.7 million in net profit ( + 63.0 % ) . In June 2021 the net financial position was negative € 116.8 million improved by 7.4 % compared to June 2020 , thanks to an adjusted net cash flow of € 30.9 million ( up 4.0 % compared to June 2020 ) in the 12 months . Uboldo ( Va ) , 7 September 2021 – LU - VE S.p.A.'s Board of Directors , which met today , reviewed and approved the consolidated financial report as at 30 June 2021 . " The first half of 2021 had a major growth in turnover and , above all , of the order book , overcoming the difficulties of procurement and increasing costs . This is encouraging for the year - end , " – said Iginio Liberali , President of LU - VE Group . " The general economic recovery and the resumption of projects that were slowed down by the pandemic gave a big boost to this growth . Our good results mostly come from the strategic investments for the innovation of the production and products , focusing on energy efficiency and on increased use of natural refrigerants . Thanks to these solutions we gained access to new markets , both in the geographical sense and as far as segments are concerned . We will continue down this path with our usual enthusiasm , positive attitude and commitment that we put into our everyday work . " 1 E - MARKET SDIR CERTIFIED