Lucibel: profitability achieved by 2023, share price rises

(CercleFinance.com) - Lucibel declared on Monday that it would achieve operating profitability and a net profit by 2023, an announcement that sent its share price soaring in early trading on the Paris Bourse.


The French company, which specializes in lighting technologies, generated a gross operating surplus of 516,000 euros last year, compared with a loss of almost 1.5 million euros in 2022.

The group also posted a positive operating result of 134.000 euros, compared with an operating loss of over 2.5 million euros the previous year.

Quoted in a press release, Frédéric Granotier, the company's founder and CEO, describes it as "a year of realization", which has enabled the company to set in motion "a dynamic of value creation".

The company, which manufactures luminous devices for the luxury goods and art sectors in particular, posted a net profit of 73.000 euros, compared with a loss of 2.3 million, thus achieving profitability at all levels.

While its consolidated sales rose by 10.5% to over nine million euros, its cosmetic lighting business recorded 149% growth, with annual sales of over 2.2 million.

With regard to its outlook for 2024, Lucibel predicts a further improvement in profitability, accompanied by an increase in net income, thanks to the deployment of new products in higher-margin segments.

Following this publication, the company's share price climbed almost 15% on Monday morning on Euronext Growth Paris, after having jumped by more than 22% at the very start of the session, leading for a time to a reservation in the share price.

Its gains since the beginning of the year now exceed 26%.

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