Lucchini RS Reports Recovery in Performance in 2020
Italian steel maker Lucchini RS Spa has reported consolidated revenues of EUR 404 million for 2020, down by 5% YoY as compared to EUR 424.7 million in 2019. EBITDA in 2020 amounted to EUR 50.9 million, registering an increase from EUR 42.1 million in 2019, while its net profit rose to EUR 24.8 million from EUR 18.2 million. Lucchini RS said "The plant in Lovere, Bergamo, which is the group's main production site, autonomously decided to stop all production activities one week before the first national lockdown in March last year, in order to guarantee the safety of its personnel, adopt all the preventive measures indicated by the Italian government and be able to restart its business with greater safety in April. This made it possible to guarantee customers continuity of supply, in particular of the material destined for railways all over the world, also through the network of subsidiaries in various geographical areas. Once activity was resumed, it was possible to recover the lost outputs, continue with the efficiency and investment programs, and achieve positive financial results.”
Lucchini RS Spa has maintained a policy of technical investments that during the year amounted to EUR 21.6 million.
Lucchini RS Spa is an Italian company, fully owned by the Lucchini Family. The group’s core business is identified with two divisions:
Manufacturing of high-end railway components wheels, axles and wheelsets for high-speed applications, locomotives, passenger trains, trams and underground trains
Manufacturing of forging and casting to drawings, for various applications such as power generation, oil and gas, offshore platforms, cement works, industrial plants, iron and steel production plants or shipbuilding.
Lucchini RS also produces a large variety of tool steel grades for plastic moulding, pressure die-casting and extrusion.