(CercleFinance.com) – Lucibel declared on Monday that it had achieved operational profitability and generated a net profit in 2023, an announcement which caused its stock to jump on Monday in the first trades on the Paris Stock Exchange.
The French company, specializing in light technologies, generated a gross operating surplus of 516,000 euros last year, compared with a loss of nearly 1.5 million euros in 2022.
The group also recorded a positive operating result of 134,000 euros, compared to an operating loss of more than 2.5 million euros at the end of the previous financial year.
Quoted in a press release, Frédéric Granotier, the founding president and general manager, speaks of ‘a year of realization’ having made it possible to trigger ‘a dynamic of value creation’.
The company, which manufactures lighting devices particularly for the luxury and art sectors, posted a net profit of 73,000 euros, compared to a loss of 2.3 million, thus achieving profitability at all levels.
If its consolidated turnover shows growth of 10.5% to more than nine million euros, its cosmetic lighting business recorded growth of 149%, with annual sales of more than 2.2 million.
Regarding its outlook for 2024, Lucibel indicates that it expects a further improvement in its profitability accompanied by an increase in net profit thanks to the deployment of new products in segments with higher margins.
Following this publication, its shares rose by almost 15% Monday morning on Euronext Growth Paris after having jumped by more than 22% at the very start of the session, leading to a temporary upward reservation of the stock.
Its year-to-date gains now exceed 26%.
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