Brief: Lumibird FY Current Operating Income Up At EUR 14.1 Mln

Lumibird SA

16/03/2021 16:55

March 16 (Reuters) - LUMIBIRD SA  LBIRD.PA :
    * FY REVENUE ROSE 14.5 PERCENT TO 126.7 MILLION EUR
    * CURRENT OPERATING INCOME UP 15% TO EUR 14.1M (REPORTED)
    * FULL-YEAR REVENUES CAME TO EUR 126.7M IN 2020, UP 14.5%
(REPORTED)
    * IS APPROACHING 2021 WITH CONFIDENCE, BACKED BY AN
EXTENSIVE
ORDER BOOK
    * GENERATED EUR 14.1M OF CURRENT OPERATING INCOME IN 2020
    * OUTLOOK 2023: GROUP PLANS TO CONTINUE MOVING FORWARD WITH
ITS
COMBINED ORGANIC AND EXTERNAL GROWTH STRATEGY WITH A VIEW TO
DOUBLING ITS CURRENT REVENUES
    * OUTLOOK: TARGETING 8% TO 10% AVERAGE ORGANIC GROWTH OVER
NEXT
THREE YEARS
    * FY PRE-TAX INCOME TOTALED EUR 7.2M (VERSUS EUR 10.6M IN
2019)
    * END-FY GROSS FINANCIAL DEBT INCREASED FROM EUR 56.2M TO
EUR
88.3M
    * OUTLOOK: TARGET FOR EBITDA MARGIN GROWTH OF 20% TO 25%
FROM 2021
    * FY NET INCOME EUR 5.6 MILLION VERSUS EUR 8.8 MILLION YEAR
AGO

Source text for Eikon:  ID:nGNE2CpRy5 
Further company coverage:  LBIRD.PA 

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