LUMIBIRD

REVENUES FOR THE FIRST 9 MONTHS OF 2023: €139.0M (+11%)

Lannion, October 24, 2023 – 5:45pm

REVENUES FOR THE FIRST 9 MONTHS OF 2023: €139.0M (+11%)

• Continued growth for both divisions at constant exchange rates
• Strong level of activity expected in Q4

The LUMIBIRD Group (FR0000038242 - LBIRD), the European leader for laser technologies, recorded €139.0m of revenues for the first 9 months of 2023, up 11% and 13% on a like-for-like basis. Business performance was stable in the 3rd quarter, with a seasonal effect slightly more marked than last year. Third-quarter sales came to €20.0m for the Photonics division (+2% and +3% at constant exchange rates) and €21.8m for the Medical division (+2% and +6% at constant exchange rates). For the 4th quarter, with a strong order book and production facilities at full capacity, Lumibird again expects strong sales, with a cautious target of over 8% organic growth in annual revenues.

Consolidated revenues (unaudited)

Revenues (€m)	2023	2022	Reported change	Change at constant scope and exchange rates
First quarter	40.9	38.0	+8%	+9%
Second quarter	56.3	46.0	+22%	+25%
Third quarter	41.8	40.9	+2%	+5%
9 months*	139.0	124.9	+11%	+13%
of which
Photonics*	65.9	58.2	+12%	+15%
Medical	73.0	66.7	+9.5%	+12%

        ^* Including revenues of Convergent, acquired on 31 August, representing €0.7m in September.

By Market Segment

Over the first 9 months, the Photonics division grew by +13% (+15% like-for-like and at constant exchange rates) compared with the first 9 months of 2022, with €20m in the third quarter (+2% and +3% like-for-like and at constant exchange rates).

The Defence/Space segment is up +32% in the third quarter at €6.9m, on a -like-for-like basis, as the Saab Group's defence laser rangefinder activities were integrated in May 2022. Over 9 months, it grew by +52% to €23.5m, driven by the laser rangefinder business, which contributed €8.9m to sales, compared with €1.2m in the first 9 months of 2022.