LUMIBIRD PRESENTS ITS NEW STRATEGIC PLAN
May 22 2024 - 10:45AM
LUMIBIRD PRESENTS ITS NEW STRATEGIC PLAN
Lannion, May 22, 2024 – 5:45 pm
LUMIBIRD PRESENTS ITS NEW STRATEGIC
PLAN
The LUMIBIRD Group (FR0000038242 -
LBIRD), the European leader in laser technologies, presents its new
strategic plan at its Capital Market Day. The Group confirms its
objectives of an organic compound annual growth rate (CAGR) of over
8% by 2026, and an EBITDA margin at least 500 basis points higher
than in 2023.
The company's growth objective is underpinned by
its key positioning in buoyant markets, particularly in
Defense/Space, Ophthalmology, Medtech, Environment, Topography and
Security. This dynamic is reinforced by an ongoing policy of
innovation, enabling Lumibird to offer new products and open up new
market segments.
The profitability target is underpinned by the
major industrial investments made over the past three years, in
areas such as fibre manufacturing (fibre draw tower, France) and
laser diodes (France and Italy). This strategy of integration and
verticalization is increasing the proportion of components produced
in-house.
Increased capacity at the production units in
France, Sweden and Slovenia will also enable to plan for future
growth. without significant additional investment.
The Group is also continuing to restructure its
organization, with a view to supporting business growth while
keeping rising costs under control.
This performance should be achieved against a
backdrop of a return to a normative level of investment, allowing
for improved free cash flow generation.
« The road travelled since Lumibird's creation
in 2017 has demonstrated our ability to deliver growth in our
markets and offer our customers innovative products. The last 3
years of strong investment should enable us to pursue this strategy
of growth and innovation, while improving our financial performance
through increased verticalization and an optimized
organization. » says Marc Le Flohic, CEO of Lumibird.
Next date:
H1 2024 revenues,
22/07/2024 after close of trading
LUMIBIRD is one of the world's leading laser
specialists. With 50 years' experience and expertise in
solid-state, diode and fibre laser technologies, the Group designs,
manufactures and distributes high-performance laser solutions for
scientific (research laboratories, universities), industrial
(production, defence/space, Lidar sensors) and medical
(ophthalmology, ultrasound diagnosis) applications.The result of
the merger in October 2017 between the Keopsys and Quantel Groups,
LUMIBIRD, with more than 1,000 employees and over €203.6m in sales
by 2023 is present in Europe, America and Asia.LUMIBIRD
shares are listed in compartment B of Euronext Paris. FR0000038242
-
LBIRD www.lumibird.comLUMIBIRD
has been a member of Euronext Tech
Leaders since 2022.
Contacts
|
LUMIBIRDMarc Le FlohicChairman and Chief Executive OfficerTel.
+33(0) 1 69 29 17 00info@lumibird.com |
LUMIBIRDSonia Rutnam Chief Financial and Transformation OfficerTel.
+33(0) 1 69 29 17 00info@lumibird.com |
CalyptusMathieu CalleuxInvestor RelationsTel. +33(0) 1 53 65 37
91lumibird@calyptus.net |
This press release contains forward-looking
statements. These forward-looking statements represent trends or
objectives, as the case may be, and should not be construed as
forecasts of the Company's results or any other performance
indicator. These statements are by their nature subject to risks
and uncertainties as described in the Company's reference document
filed with the Autorité des Marchés Financiers (under number
D24-0239). These statements do not therefore reflect the Company's
future performance, which may differ materially.
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