Lalique Group announces half-year results 2023

Lalique Group SA / Key word(s): Half Year Results Lalique Group announces half-year results 2023 13-Sep-2023 / 06:55 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. MEDIA RELEASE – Ad hoc announcement pursuant to Art. 53 LR

Media release (PDF)

Medienmitteilung (PDF)

Communiqué de presse (PDF)

Zurich, 13 September 2023 – Lalique Group SA (SIX: LLQ), which is active in the creation, development, marketing and worldwide distribution of luxury goods, generated operating revenue of EUR 87.7 million (+5%) in the first half of 2023. EBIT totalled EUR 2.5 million and the EBIT margin was 2.8%, reflecting higher energy costs but also the rise in production costs and personnel costs due to inflation. For the full year 2023, Lalique Group now expects sales growth to be in the high single digit percentage range. Profitability at EBIT level is expected to be higher than in the first half of 2023 but well below 2022.

A telephone conference for investors, analysts and the media will be held today at 10:00 a.m. CEST.

In the first half of 2023, Lalique Group achieved further profitable growth, driven in particular by the perfume business, the Ultrasun sunscreen brand and the whisky distillery The Glenturret. Operating revenue totalled EUR 87.7 million, up 5% compared to the strong prior-year period. Excluding extraordinary income of EUR 1.7 million recorded in the first half of 2022 in connection with the resolution of a legal matter, operating revenue grew by 8% compared to the prior-year period.

After the first half of 2022 benefited from the post-pandemic upturn, the first semester of 2023 was marked by overall challenging market and production conditions. Alongside the anticipated rise in energy costs, which tripled at our main production sites compared to the prior-year period, as well as general inflation, production was partly affected by supply chain issues. Against this backdrop, Lalique Group implemented price increases, although their impact was only partially seen in the first half of 2023.