Lucibel

First-half 2014 Results in Line With Development Plan - Seite 4

Following these two transactions, Lucibel's share capital comprises 7,546,201 shares, on an undiluted basis. The funds raised and the Alternext listing will enable Lucibel to sustain its organic growth, particularly by expanding its sales and marketing network in France and internationally, to pursue its targeted acquisition strategy and to boost its capacity for innovation.

A product range undergoing continuous innovation 

Thanks to its internal R&D and Product Development teams, Lucibel is constantly enhancing its range to enable its clients to benefit from ongoing improvements in LED technology, notably in terms of energy efficiency. The recently-launched new generation of spotlights (Powerlights) have already attracted their first orders. Moreover, Lucibel has been noting a high interest from its customers for its Tubular LED, a waterproof product designed notably for underground car parks. Lastly, the Group has extended its offering with innovative solutions integrating the LiFi technology which allows data transmission through to the light output.

Lucibel will present its new products at a number of international trade fairs coming up this autumn in Belgium (HVAC & ECL in Brussels, 17-18 September 2014), Turkey (LED & LED Lighting Exhibition in Istanbul, 25-28 September 2014), Italy (Illuminotronica in Padua, 9-11 October 2014), Morocco (Elec Expo in Casablanca, 15-18 October 2014) and the UK (LuxLive in London, 19-20 November 2014).

Outlook 

In view of the trends observed since the beginning of the year, the Group looks set for another year of robust growth. Thanks to this, coupled with controlled operating expenses, Lucibel believes that it can meet its target of achieving breakeven at the EBITDA level in 2015.

In the words of Lucibel Chairman and CEO Frédéric Granotier, "The growing interest in LED lighting shown by major companies suggests that we are approaching the point at which this technology will start to be systematically adopted. Our strong sales growth in France, which remains our main market, proves that our solutions-based approach allows us to compete favourably with the traditional lighting players.

Our current efforts in terms of innovation, investment and structuring lay the foundations for our future growth. In the months ahead, Lucibel intends to demonstrate through its product innovation that the scope for LED technology applications extends well beyond lighting and that our Group is a fully-fledged player in these new key markets".