07 Apr 2025

Soft start (as expected) with solid intake growth

LUVE (LUVE:BIT), 0 | LU-VE S.p.A. (LUVE:MIL), 0

- Grimaldi Giuseppe GG
- 7 pages

What happened? LU-VE posted its Q1 preliminary numbers reporting c5% organic drop in sales (at EUR 133.5m). Backlog closed at EUR c210m which is up c21% QoQ. This means that intake continues to improve sequentially (+10% y/y and c13% QoQ). BNPP Exane View: As expected Q1 started soft with growth skewed in H2 (due to phase in of project related business). Worth mentioning that order intake continues to be solid and hints for growth to accelerate.

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Soft start (as expected) with solid intake growth

LUVE (LUVE:BIT), 0 | LU-VE S.p.A. (LUVE:MIL), 0

Published: 07 Apr 2025
Author: Grimaldi Giuseppe GG
Pages: 7

What happened? LU-VE posted its Q1 preliminary numbers reporting c5% organic drop in sales (at EUR 133.5m). Backlog closed at EUR c210m which is up c21% QoQ. This means that intake continues to improve sequentially (+10% y/y and c13% QoQ). BNPP Exane View: As expected Q1 started soft with growth skewed in H2 (due to phase in of project related business). Worth mentioning that order intake continues to be solid and hints for growth to accelerate.

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