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    LUVE   IT0005107492

LU-VE S.P.A.

(LUVE)
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LU VE S p A : Banco BPM for sustainable development of LU-VE Group

06/28/2021 | 09:37am EDT
June 28, 2021
Banco BPM for sustainable development of LU-VE Group Banco BPM will support the growth of LU-VE Group, with a five-year medium-term loan for a total of €30 million.

Within the financing package, the significant sum of €18 million will be aimed at supporting the company's development plans focused on new ESG (Environmental, Social, Governance) programmes. This amount is part of the €5 billion cap denominated 'Sustainable Investments 2020-2023', made available by Banco BPM for those qualifying companies that favour the transition towards a sustainable economy.

'Attention to sustainability has been one of LU-VE's distinctive traits since its foundation. We continue to work in this direction, on a path of innovation and growth that interprets and respects the new environmental needs. We are delighted that Banco BPM has recognized our commitment to increasingly sustainable objectives, which have been and continue to be fundamental for the Group's economic growth', says Matteo Liberali, CEO of LU-VE.

'Promoting a new sensitivity to ESG issues is a challenge that Banco Bpm has decided to take up by implementing concrete support actions for customers who want to invest in sustainability', says Luca Manzoni of Banco BPM.

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Disclaimer

LU-VE S.p.A. published this content on 28 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 13:36:06 UTC.


© Publicnow 2021
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Financials
Sales 2021 463 M 539 M 539 M
Net income 2021 17,9 M 20,8 M 20,8 M
Net Debt 2021 102 M 119 M 119 M
P/E ratio 2021 28,8x
Yield 2021 1,19%
Capitalization 515 M 600 M 599 M
EV / Sales 2021 1,33x
EV / Sales 2022 1,22x
Nbr of Employees 3 001
Free-Float 34,7%
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Number of Analysts 2
Last Close Price 23,20 €
Average target price 26,43 €
Spread / Average Target 13,9%
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Managers and Directors
Matteo Liberali Chief Executive Officer & Executive Director
Eligio Macchi Chief Financial Officer
Iginio Liberali Executive Chairman
Michele Faggioli Chief Operating Officer & Executive Director
Stefano Paleari Independent Non-Executive Director
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