Lumibird gained more than 4% the day after reporting sustained sales growth, up 22% in Q2 2023 to €56.3 million, and 16% for the first half as a whole, to €97.2 million.

With new production capacity now fully operational, sales growth is back in line with strong demand in Lumibird's strategic markets", explains the laser technology specialist.

On its current scope, Lumibird is maintaining its targets of organic sales growth of 8-10% per year and an EBITDA margin of between 20 and 25%. EBITDA growth in 2023 is expected to be comparable with the previous year's seasonality.

Copyright (c) 2023 CercleFinance.com. All rights reserved.