Italy's LU-VE H1 revenue rises, order backlog up
Italy's LU-VE H1 revenue rises, order backlog up
Overview
Italy air heat exchanger maker's H1 2026 revenue rose 10.5% yr/yr
Order backlog at end-June 2026 hit record €333 mln, up 48.1% yr/yr
Q2 2026 turnover was highest single-quarter in company history
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
RECORD TURNOVER - Q2 2026 turnover reached the highest level in company history, with product turnover up 8.2% yr/yr
ORDER BACKLOG GROWTH - Order backlog at end-June 2026 hit a record EUR 333 mln, up 48.1% yr/yr, driven by confirmed delivery dates for framework contracts and multi-year agreements
Company press release: ID:nBIAb3wNNv
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Order Backlog |
| EUR 333 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Lu-Ve SpA is €70.00, about 13.3% above its July 8 closing price of €61.80
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 18 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)