Lu-Ve reports 38.3% increase in Q1 sales

ITALY: Lu-Ve, the Uboldo-based manufacturer of commercial refrigeration and air conditioning heat exchange products, has reported a 38.3% increase in turnover in the first quarter of this year.

The increase meant sales reached €144.8m for the quarter. 

Strong demand was also reflected in the order book, which increased by 121% to €219.9m compared to the same quarter in 2021. On a like-for-like basis, the order book grew by 103.7%.