2014 Annual Revenues of €24.6m (+14%) First Major Middle East Project Won in December

RUEIL-MALMAISON, France, January 28, 2015 /PRNewswire/ --

• Consolidated Group revenues of € 24.6m at 31 December 2014, up 14% (+30% post adjustment for 'white label' business exit) ; 
• Strong increase in sales on the main business geographies (France, MEA) ; 
• First major project win with a € 0.6m business granted to Lucibel in Saudi Arabia in December 2014 for supply of the LED lighting equipment of a "smart city", coming as confirmation of the sales potential in the Middle East area.

Lucibel, a specialist in LED lighting solutions, announces its revenues for the year 2014.  

   
    In EUR million                                        Q4                   FY
    (unaudited consolidated IFRS-compliant data) 2014  2013  % change 2014  2013  % change

    France                                        5.6   5.7   -1.8%   20.8  16.3   +27.5%
                                      % of total 82.9% 84.1%          84.7% 75.8%
    International                                 1.2   1.1   +7.4%    3.8   5.2   -27.7%
                                      % of total 17.1% 15.9%          15.3% 24.2%
    Group revenues                                6.8   6.8     -     24.6  21.5   +14.2%

Lucibel generated Group revenues of € 6.8m in Q4 2014, stable vs Q4 2013, bringing Group annual revenues to € 24.6m, a 14.2% y-o-y growth in line with analysts' consensus. With adjustment of the impact of the 'white label' business which Lucibel exited in 2014 and that carries most of the international sales reduction, Group revenues grew 30% in 2014.

Lucibel's sales in France totaled € 5.6m in Q4 2014, almost stable vs Q4 2013, in a complex lighting market that confirmed a rapid switch of the main market makers to LED solution with yet a substantial activity decrease, notably in the construction sector. On 2014, French sales reached € 20.8m, a strong 27.5% growth vs 2013. This data does not include Citéclaire's € 1.2m market won in October 2014 for the LED equipment of a selection of Istres town public buildings. ^[1]

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1. See Lucibel press release, « Revenue for first nine months of 2014 up 21%; €1.2m contract awarded in October by the town of Istres », 28 October 2014

Abroad, 2014 was marked by Lucibel's exit from the 'white label' business, which was mostly carried with European clients, to focus on the distribution of Lucibel brand products as well as by a more selective allocation of resources to high potential geographies such as the Middle East (United Arab Emirates, Saudi Arabia) and Africa (set up H1 2014 of Lucibel Africa, subsidiary based in Casablanca, Morocco).