Lucibel 729 0 Kommentare First-half 2014 Results in Line With Development Plan

RUEIL-MALMAISON, France, September 15, 2014 /PRNewswire/ --

Consolidated revenues up 34% to €12.0m
Strong sales growth in France: +66%
Withdrawal from 'white-label' products trading activity
Strong increase in gross margin rate from 34% to 46%
A negative €3.6 million at the EBITDA level, reflecting the Group's investment and structuring efforts in preparation for its future growth

Lucibel, a specialist in LED (light-emitting diode) lighting solutions, has posted its results for the first half of 2014.


    EUR millions (consolidated IFRS data, unaudited) H1 2014 H1 2013 % change
    Revenues                                          12.0     9.0     +34%
                                     of which France  10.6     6.4     +66%
                              of which International   1.4     2.6     -45%
    Gross margin                                       5.6     3.1     +81%
                                  as a % of revenues  46.3%   34.4%
    Operating expenses                               (10.3)   (6.2)    +65%
    Current Operating Result                          (4.8)   (3.2)    +50%
                                 of which EBITDA [1]  (3.6)   (2.4)    +52%
    EBIT [2]                                          (4.8)   (3.2)    +48%
    Financial income (charges)                        (0.8)   (0.1)   +665%
    Corporate tax                                      0.9      -      n/a
    Net result                                        (4.7)   (3.3)    +41%

Strong sales growth in France, and a slowdown in international business largely attributable to the withdrawal from a 'white-label' products trading activity

In France, the first half of 2014 saw a 66% increase in revenues to €10.6 million, versus €6.4 million for the same period of 2013. All the Group's B2B commercial branches contributed to this performance, highlighting the pertinence of the solutions-based approach developed by Lucibel for professional market segments in which the value of LED technology can be optimised. Procédés Hallier, a company specialising in lighting for museums and luxury boutiques, was included in the Group's scope of consolidation following its acquisition on 31 December 2013 and contributed some €1.4 million to first-half 2014 revenues.