Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
LU-VE S.p.A. is an Italy-based public limited company specializing in the production and marketing of heat exchangers and air-cooled equipment for refrigeration, air conditioning, and industrial cooling applications. Operating through its SBU Cooling Systems and SBU Components divisions, it manufactures commercial and industrial coolers, air coolers, tubeless steel condensers, gas coolers, dry coolers, coils, glass doors, and IoT products. These solutions serve diverse sectors including energy and power generation, data centers, big data cooling, and digital signage. Headquartered in Uboldo, Varese, Italy, and founded in 1985, LU-VE S.p.A. leads the LU-VE Group, an international entity with 20 production units across countries like China, Czech Republic, Finland, India, Poland, Sweden, and the USA, plus 34 sales companies worldwide. Employing over 4,000 qualified people, the group exports 83% of its production to 100 countries, focusing on innovation through extensive R&D facilities spanning 3,605 square meters. Its products support key markets such as refrigeration (46.5%), air conditioning (27.5%), and power generation-industrial processes (11.4%), underscoring its significant role in the global HVAC and heat transfer industry.
Operating margin is thin at 9.31%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 2.8%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 37% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€622M
▲ +2.8% YoY
Net Income (TTM)
€43M
▲ +11.1% YoY
Op. Margin
9.54%
▲ +0.6pp YoY
ROIC
6.00%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€30M
▼ -37.1% YoY
Op. Cash Flow (TTM)
€60M
▼ -13.3% YoY
Net Debt
€74M
Cash & Equiv.
€394M
3Y CAGR: -0.7%
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