Lucibel: Half-year 2015 Revenues Amounting to 13.5 M€ (+12.4%)

RUEIL-MALMAISON, France, July 21, 2015 /PRNewswire/ --

- Confirmation of international sales growth dynamic (+95.6%)

- Strong growth in revenues anticipated in the second half 2015

Lucibel, a specialist of LED (light-emitting diode) lighting solutions, reviews its activity for the first six months of 2015.

In EUR Million                                  2nd Quarter         1st semester
                                                            
    (consolidated IFRS-compliant data, unaudited) 2015  2014 % change 2015   2014   % change

    France                                         4,7   4,9  -4,3%  10,0    10,2     -2,0%
                                                 
                           as a % of revenues     73,0% 82,6%        74,4%   85,3%
                                                           
    International                                  1,8   1,1 +68,1%   3,5     1,8    +95,6%
                                                  
                           as a % of revenues     27,0% 17,4%        25,6%   14,7%
    Group Revenues                                 6,5   6,0  +8,3%  13,5    12,0    +12,4%

Lucibel achieved group revenue of € 6.5 million for the second quarter of 2015, bringing total revenues for the first semester of 2015 to € 13.5 million, up 12.4% compared to first semester 2014. Growth is still supported by international sales that almost doubled over the semester.

Lucibel's sales in France amounted to € 4.7 million for the second quarter of 2015, almost stable compared to second quarter 2014 due to the launch of a new product catalogue in April 2015 which only partially sustained the revenues growth in the second quarter of 2015. However, this new product range distributed by Lucibel contributed to increasing the level of sales order booking on the French market in June and July 2015. Cumulative revenues over the first six months 2015 amounted to €10.0million and were stable compared to 2014.

Abroad, group's activities confirmed their strong growth potential, increasing by 68.1% to € 1.8 million for the second quarter of 2015. For the first semester of 2015, international sales rose to € 3.5 million, almost doubled compared to first semester 2014 and amounted to a quarter of Lucibel's total revenues compared to 15% in 2014.

Lucibel keeps on benefitting from its international development strategy based on a selective allocation of resources to high potential regions, particularly the Middle East and Africa area where the group generated almost 53% of its international sales or € 1.8 million, doubling compared to 2014. This semester's activity on this area has notably been impacted by the delivery of a first significant project in Saudi Arabia ^[1] as well as the important growth of sales in the United Arab Emirates that accounted for € 1.1 million over the period, up 80%.

Finally, the group recorded a strong growth of its activities in Europe and in Asia on the first semester of 2015 with sales for the first six months of 2015 rising respectively to € 1.3 million (+71%) and €0.4million (+145%).

2015 activity outlook

With a product line being renewed and focused on products and services with higher added value, and a confirmed implantation on high potential international markets, Lucibel confirms its goal of a sound organic growth for the year 2015 and anticipates an acceleration of its revenues over the second semester of 2015, which constitutes one of the determining factor in order to reach its target of breakeven EBITDA on 2015.

Frédéric Granotier, Chairman and CEO of Lucibel, made the following comment: «Lucibel's good commercial achievements on the first semester confirms the relevancy of our internationally focused strategy. Relying on our existing business positions and the prospects on significant contracts, international sales should keep on growing over the next quarters. Growth needs now to accelerate in France, sustained by the enlarged and improved product range as well as the acquisition of key accounts both on the traditional LED lighting market and on new markets triggered by innovations such as LiFi.»

Next financial releases

13^th October 2015 before market opening : 1^st semester 2015 results

: 3rd Quarter 2015 Revenues

20 January 2016 after market closing : 2015 Revenues

30 March 2016 after market closing : 2015 Results

Lucibel will also take part in the Large & Mid Cap Event (Paris) on the 7th and 8th of October 2015.

--------------------------------------------------

1. See Lucibel Press release "2014 annual revenues of € 24.6m (+14%) - First major Middle East project won in December", 28 January 2015

About Lucibel

Lucibel is a French innovative company, designer of new-generation lighting products and solutions based on LED technology marketed in over 25 countries. For more information, please visit company website at http://www.lucibel.com

Lucibel is listed on Alternext Paris/Ticker: ALUCI/ISIN code: FR0011884378

Lucibel is eligible for French equity savings plans (PEA), SME equity savings plans (PEA-PME) and innovation investment funds (FCPI)

Follow us on social media:

Facebook: https://www.facebook.com/pages/Lucibel/391350717607054

YouTube: https://www.youtube.com/user/LedLucibel

LinkedIn: http://www.linkedin.com/company/lucibel

Twitter: https://twitter.com/LedLucibel

Press contacts
CinquiemePouvoir/TheDesk
StéphanieKanoui/
[phone]
[e-mail]

Calyptus
Mathieu CALLEUX / [phone]
[e-mail]

Lucibel
Perrine SIMON
[e-mail]

Investors contact
Lucibel
GillesAUBAGNAC
[e-mail]

Liquidity provider
Louis Capital Markets
Maxime Aboujdid / [phone]
[e-mail]