(AOF) – Lumibird lost 4.81% to 16.22 euros after lowering its Ebitda margin forecast for 2023. The European laser technology specialist is now targeting a margin of between 18% and 23% against a previous range of 20% to 25%. On the other hand, it confirmed its objective of an organic growth of its turnover of 8 to 10%. Lumibird expects published revenue of 250 million euros. The group could also carry out external growth.
The 27% gearing “allows the group to preserve its financial flexibility and its ability to continue to finance its ambitions for external growth, in particular thanks to a mobilized acquisition debt of 82.5 million euros”.
By 2026, the objective is to maintain organic growth of 8 to 10% and an increase in the EBITDA margin to 25%.
Last year, net income stood at 11.4 million euros compared to 13.9 million euros in 2021. Ebitda fell by 4% to 31.3 million euros, showing a margin of 16.4% against 20.1% in 2021.
“Tensions on supplies and the structural costs necessary to anticipate growth explain the lower profitability for the year,” the company explained.
Turnover amounted to 191 million euros, organic growth of 12%.
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