26/03/18

2017 RECORD TURNOVER PROFITABILITY RISES SHARPLY IN SECOND HALF-YEAR

Uboldo, 26 March 2018 - The Board of Directors of LU-VE S.p.A. ("LU-VE" or the "Company"), meeting today, approved the stand alone draft financial statements of LU-VE S.p.A. and the consolidated financial statements of the group (the "Group" or the "LU-VE Group").

I - Approval of the draft financial statements of LU-VE S.p.A. and the consolidated financial statements as at 31 December 2017.

· Consolidated turnover 2017: € 270.0 million (€ 236.3 million in 2016; + 14.3%; + 7.5% on a like-for-like basis).

· Net profit for the year (before unrealized exchange rate losses) of € 11.8 million (€ 13.8 million in 2016, € 15.3 million on a like-for-like basis).

· Net profit for the year (after unrealized exchange losses) of € 6.3 million more than doubled in the second half (€ 4.3 million in the second half compared to € 2.0 million in the first half).

· Adjusted consolidated EBITDA (excluding non-recurring costs of € 1.5 million for transfer to the MTA and € 0.4 million for restructuring plans) of € 31.0 million (€ 32.0 million in 2016; 0 million on a like-for-like basis).

· Negative net financial position of € 35.3 million, an improvement compared to the figure as at 30/6/17 (€ 51.1 million) – (€ 30.2 million as at 12/31/17).

II - Proposes confirmation of a dividend of € 0.22 per share.

The complete press release is available at https://www.luvegroup.com/media/attachments/Comunicato_stampa_ENG_KJA_26_3_2018_def_hwHHiOd.pdf