Lucibel: in difficulty despite strong growth in 2023 – 01/26/2024 at 12:32


(CercleFinance.com) – Lucibel shares fell by more than 7% on Friday despite the announcement of strong growth in its annual turnover in 2023.

The French company, specializing in light technologies, generated a turnover of more than nine million euros last year, compared to 8.2 million in 2022.

The company, which designs lighting devices for the luxury and art worlds, says it has benefited from the strength of its special projects activity (+182%), which has notably brought high value-added achievements for LVMH .

Its cosmetics division recorded an increase of 149%.

Lucibel, which is repositioning itself around its high-margin businesses, explains that the turnover of historical activities fell by 25% between 2022 and 2023.

Regarding its prospects, the company indicates that it expects an increase in its profitability in 2024, via the acceleration of commercial deployment in high-margin activities.



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