Lumibird

2020 Full-Year Revenues in Line With Expectations at €126.7m

Lannion, January 25, 2021 – 5:45pm

2020 full-year revenues in line with expectations at €126.7m on a reported basis (+14.4% YoY and +40.7% in Q4) and €100m like-for-like (-9.7% YoY and +2.1% in Q4)

The LUMIBIRD Group, the European leader for laser technologies, is reporting full-year revenues of €126.7m on a reported basis, up 14.4%. The fourth quarter was marked by record revenues of close to €50m, reflecting the return to organic growth (+2.1%) and the contribution from new activities (€13.2m).

In the crisis context that affected 2020, full-year organic growth is down -9.7% or approximately -€10.7m, primarily factoring in the reduced level of activity on the MegaJoule contract (-€5.5m) for Photonics¹ and the drop in sales linked to the cancellation of major global shows (-€3.2m) for the Medical business.

With better visibility concerning its markets and after further strengthening its financial, industrial and commercial capabilities, LUMIBIRD plans to continue moving forward with its organic and external growth strategy to double its revenues (reported basis) by 2023, with average organic annual growth of 8% to 10% and a target EBITDA margin of 20% to 25%.

Consolidated revenues (unaudited)

Revenues (€m)	2020	2019	Reported change	Organic change 1	pro forma 2020 2
First quarter	21.9	24.2	-9.5%	-16.7%
Second quarter	23.9	27.5	-13.3%	-17.2%
Third quarter	32.7	24.8	+32.1%	-9.9%
Fourth quarter	48.2	34.2	+40.7%	+2.1%
12 months	126.7	110.7	+14.4%	-9.7%	146.4
of which
Photonic (formerly Laser)	68.5	71.4	-4.1%	-10.6%	68.5
Medical	58.2	39.3	+48.1%	-8.0%	77.9

¹ Organic change: at constant exchange rates and like-for-like