Q1 21 sales were solid and the backlog mirrors an underlying acceleration ahead
LU-VE reported last week that sales of products increased by +4.2% YoY in Q1 2021 (in Q1 20 organic growth was flat, thus representing a tough basis of comparison due to a very strong Jan-Feb 2020). More importantly the backlog was up +12.3% YoY (in Q1 20 it grew organic by c. 19% YoY) and reached a new high of EUR99.5m. This may be due to the recovery of underlying demand and the increasing orders received by the c ....
23 Apr 2021
Good Q1 sales
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Good Q1 sales
- Published:
23 Apr 2021 -
Author:
Baldelli Michele BM -
Pages:
8
Q1 21 sales were solid and the backlog mirrors an underlying acceleration ahead
LU-VE reported last week that sales of products increased by +4.2% YoY in Q1 2021 (in Q1 20 organic growth was flat, thus representing a tough basis of comparison due to a very strong Jan-Feb 2020). More importantly the backlog was up +12.3% YoY (in Q1 20 it grew organic by c. 19% YoY) and reached a new high of EUR99.5m. This may be due to the recovery of underlying demand and the increasing orders received by the c ....