LUCIBEL: Strong Revenue Growth in 2nd Quarter of 2016: 7.2 M€, +10.1% Compared to 2nd Quarter of 2015
27 Jul, 2016, 07:00 BST
RUEIL-MALMAISON, France, July 27, 2016 /PRNewswire/ --
LUCIBEL, specialist in LED lighting solutions, presents the key elements of its 2nd quarter 2016 activity
In MEUR 2nd Quarter 1st Half-year
(consolidated IFRS, unaudited) 2016 2015 Change 2016 2015 Change
Sales - France 6,3 4,7 + 33,7% 11,2 10,0 + 12,4%
As a % of revenues 88% 73% 87% 74%
Sales - International 0,9 1,8 - 52,4% 1,7 3,5 - 51,4%
As a % of revenues 12% 27% 13% 26%
Group revenues 7,2 6,5 +10,1% 12,9 13,5 - 4,2%
In the 2nd quarter of 2016, LUCIBEL achieved a turnover of 7.2 M€, up 10% compared to the same period in 2015. This strong performance is mainly due to sales growth in France (+33.7 %), while international sales are falling because of the closure of some of its loss-making activities (commercial subsidiary in Hong-Kong, commercial activities in the UK and Germany).
This very good performance in France limited the decrease in LUCIBEL Group revenue to 4.2% in H1 2016 compared to the same period in 2015 (12.9 M€).
Launch of a specific activity related to Energy Savings Certificate (ESCs) scheme
In an ongoing effort to meet all the needs of its clients in terms of LED lighting, LUCIBEL decided, during the first half of 2016, to launch a new activity to help energy suppliers to meet their obligations under the Energy Savings Certificate (ESCs) scheme.
Indeed, the benefit for energy suppliers to fulfil these obligations through LED lighting has been strengthened by the Law of 17 august 2015 on "Energy Transition for Green Growth" that aims at enhancing efforts to improve energy efficiency and tackle energy precariousness.
LUCIBEL succeeded in positioning itself as a regular supplier of a leading provider of energy in France.
During the first half of 2006, 1.4 M€ of LUCIBEL revenue have been reached thanks to this ESCs scheme and the contracts that have been signed at that time with this provider will generate a minimum turnover of 4.3 M€ in the 2nd quarter of 2016.
Activity Outlook H2 2016
Given the aforementioned signed contracts, the successful launch of a « warehouse » activity by our subsidiary Cordel, leader in shop lighting, the progressive development of the prescription offer LUXITIS designed and manufactured in Normandy (cf. press release of 23rd March 2016), LUCIBEL expects, in the second half of the year, a strong revenue growth compared to H1 2016.
Frédéric GRANOTIER, Chairman and CEO of LUCIBEL, made the following comment:
« The good sales performances and the successful renewal of its product range, coupled with a cost structure now optimized, allows LUCIBEL to confirm its positive EBITDA objective for the year 2016.
The commercial launch, in September 2016 as scheduled, of a high broadband LIFI solution that enables navigating the internet through light will allow LUCIBEL to enter the world of the Internet of Things (IoT) and high value added solutions, which offer promising opportunities ».
Next Financial releases
28th September 2016: 1st half-year 2016 results (initial publication date was 11th October 2016)
4th October 2016: 3rd quarter 2016 revenue
4th and 5th October 2016: Mid Cap Event in Paris
About Lucibel:
Lucibel is a French innovative company that designs, manufactures and markets new-generation lighting products and solutions based on LED technology. For more information, please visit company's website at http://www.lucibel.com
Lucibel is listed on Alternext Paris/Ticker: ALUCI/ISIN code: FR0011884378
Lucibel is eligible for PEA, PEA PME and FCPI
Press contact
Lucibel
Laura BARRERE
laura.barrere@lucibel.com
Investors contact
Lucibel
Frédéric GRANOTIER
frédéric.granotier@lucibel.com
Liquidity provider
Louis Capital Markets
Maxime ABOUJDID/ +33(0)1-53-45-10-71
maboujdid@louiscapital.com
SOURCE Lucibel