Lalique Group Announces Solid Growth in 2023 Despite Market Challenges

Lalique Group SA reported a 5% increase in annual operating revenue for 2023, totaling EUR 179.2 million. However, the higher operational costs, particularly for energy, resulted in a reduced EBIT of EUR 7.0 million. The net profit for the year was EUR 2.4 million. The Board of Directors proposed not to distribute a dividend for 2023. The company anticipates a high single-digit percentage increase in revenue for 2024 with a higher EBIT margin.

The company faced various challenges in 2023, including tough market and production conditions, particularly in the first half of the year. Despite these, all business segments contributed to the revenue growth, supported by a stronger performance in the second half. The perfume segment saw a solid growth but was occasionally hindered by supply chain shortages.

Lalique Group detailed its financial situation as robust, with an equity ratio of 47.3% at the end of 2023. Looking ahead, Lalique expects lesser impact from inflation and a decrease in energy costs for 2024. The company plans to continue investing in new products and business ventures to enhance its market presence.