LUMIBIRD ADJUSTS ITS 2023 GROWTH TARGET
15 December 2023 - 3:45AM
LUMIBIRD ADJUSTS ITS 2023 GROWTH TARGET
Lannion, December 14, 2023 –
5:45pm
LUMIBIRD ADJUSTS ITS 2023 GROWTH TARGET
- 2023 revenues expected to
exceed €200m, without achieving the 8% organic growth announced
previously
- EBITDA margin expected to be
over 17%1, below the 20%
target
- Roadmap for growth
maintained for the coming years, driven by technological
innovation
The LUMIBIRD Group (FR0000038242 - LBIRD), the
European leader for laser technologies, has reevaluated, a few
weeks before its financial year-end, its revenue target for the
current year. This has been adjusted to a minimum of €200m, with
organic growth of at least 5%, lower than the 8% announced at the
start of the year and confirmed at end-October.
The factors behind this adjustment, for the
Medical and Photonics divisions, do not call into question the
Group’s robust commercial development or its outlook for growth
over the medium term. This primarily concerns:
- deliveries
deferred from the fourth quarter to 2024 linked to technical delays
with the qualification and production of certain product
lines;
- orders deferred
due to regulatory reasons and scheduling adjustments by some
clients;
- persistent
unfavorable foreign exchange effects during the fourth
quarter.
The Medical division’s robust development is
expected to be in line with the 8% announced.
For the Photonics division, the Defense and
Space line of business is expected to exceed the 8% announced,
while this growth will not offset the temporary contraction
affecting the Industrial and Scientific and Lidar -lines of
business. However, within the Lidar line of business, the Lidar
Systems business will deliver a good performance.
The adjustment of the full-year revenues will
mechanically have an impact on the EBITDA margin, which is expected
to come in at over 17%, below the 20% announced1.
With strong demand in its growing markets,
highlighted by a still very robust order book, Lumibird continues
to be confident about its outlook for growth over the short and
medium term. The Group has further strengthened its positions both
technologically and industrially to continue building on its growth
and ramping up its profitability over the coming years.
Next date: 2023 full-year
revenues on January 29, 2024 (after close of trading)
LUMIBIRD is one of the world's leading
specialists in lasers. With 50 years of experience and a mastering
of solid state laser, laser diodes and fiber laser technologies,
the Group designs, manufactures and markets high performance lasers
for scientific (laboratories and universities), industrial
(manufacturing, defense, Lidar sensors) and medical (ophthalmology,
ultrasound diagnostic) markets.
Born from the combination of Keopsys Group with
Quantel in October 2017, LUMIBIRD has more than 1 000
employees and over €191 million of consolidated revenues in
2022 and is present in Europe, America and Asia.
LUMIBIRD shares are listed on the
Euronext Paris B Compartment. FR0000038242 –
LBIRD www.lumibird.comSince
2022, LUMIBIRD is part of Euronext Tech
Leaders
Contacts
LUMIBIRDMarc Le FlohicChairman and CEOTel. +33(0) 1 69 29 17
00info@lumibird.com |
LUMIBIRDSonia RutnamChief Financial and Transformation OfficerTel.
+33(0) 1 69 29 17 00info@lumibird.com |
CalyptusMathieu CalleuxInvestors RelationsTel. +33(0) 1 53 65 37
91lumibird@calyptus.net |
1 Figures excluding Convergent Photonics, included in the
Group’s basis for consolidation since August 31, 2023
- 231214_Lumibird_ajust_CA_2023_EN
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