Lucibel: targets postponed, share price falls

(CercleFinance.com) - Lucibel reported a 38% drop in first-half sales on Monday, and postponed its targets for the current financial year, causing its share price to fall sharply.


The French company, which specializes in light technologies, had previously planned to grow its business, improve profitability and increase net income in its 2024 financial year.

These objectives have now been postponed until 2025.

In the first half of the year, the group, which develops lighting applications and devices for the luxury and art sectors, posted sales of 3.1 million euros, compared with five million euros a year earlier.

Lucibel - which in a press release refers to a 'deteriorated situation' - says it has embarked on a second phase of restructuring, following on from that undertaken at the end of 2022.

The company explains that it intends to optimize its operating performance in order to sustain its profitability from 2025 onwards, which means that it plans to review all its businesses without ruling out any strategic options.

At around 12:00 pm, Lucibel's share price fell by more than 12%, making it one of the biggest decliners on the Paris market.

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