LU-VE (LUVE) Q1 2026 earnings summary

Executive summary

• Q1 2026 turnover reached €153.4 million, up 13.4% year-over-year, with net income rising 45% to €11.3 million.

• Adjusted EBITDA grew 16.9% to €21.4 million, representing 14.0% of sales.

• Order backlog hit a record €300.9 million, up 43% from March 2025.

• Secured a major multi-year contract with a global data center hyperscaler, reinforcing strategic positioning.

Financial highlights

• Revenues increased to €153.4 million from €135.3 million, a 13.4% year-over-year rise.

• Net income for the period was €11.3 million (7.4% of revenues), up from €7.8 million (5.8%).

• Adjusted EBITDA was €21.4 million (14% of revenues), up 16.9% year-over-year.

• Net financial position improved to negative €91.4 million, a €12.6 million improvement from March 2025.

• Cash and cash equivalents at period end: €221.2 million.

Outlook and guidance

• Sales and order backlog exceeded long-term guidance, with strong demand in data centers, power generation, and heat pumps.

• The new hyperscaler contract provides increased visibility for medium- to long-term growth.

• Continued focus on disciplined capital allocation, cost control, and operational execution amid external uncertainties.

• Monitoring macroeconomic, geopolitical, and supply chain risks.