09/04/20

POSITIVE FIRST QUARTER

Uboldo, 9 APRIL 2020 – LU-VE communicates the “additional periodic information” in March 2020:

-     invoiced products at 31 March 2020 increase to €100.35 million (+23.7% compared to 31 March 2019).

-     order book at 31 March 2020 increases to €88.607 million (+96.4%% compared to 31 March 2019).

On a like-for-like basis¹ invoiced products at 31 March 2020 remain substantially constant and the order book grows by 19.3%.

¹ Excluding the results of the AL Air division acquired from Alfa Laval, consolidated since May 2019.

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Pursuant to paragraph 2 of article 154 bis of the Consolidated Law on Finance, the manager responsible for preparing the corporate accounting documents, Eligio Macchi, declares that the accounting information contained in this press release corresponds to the documentary results, books and accounting records.