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EQS-Adhoc: Lalique Group specifies its outlook for 2019

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EQS Group-Ad-hoc: Lalique Group SA / Key word(s): Forecast
Lalique Group specifies its outlook for 2019

21-Oct-2019 / 17:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

MEDIA RELEASE

*Lalique Group specifies its outlook for 2019*

_Zurich, 21 October 2019 - _*Lalique Group SA (SIX: LLQ), which is active in
the creation, development, marketing and worldwide distribution of luxury
goods, specifies that for the full year 2019, it expects an estimated
increase of around 3% (1% in local currencies) in operating revenue to
around **EUR 140 million, in line with guidance, and an estimated EBIT of
around **EUR 0.3 million to EUR 1.5 million, corresponding to an estimated
EBIT margin in the area of 0.6%, following its previous guidance of a lower
EBIT margin in 2019 compared to 2018.*

In line with the guidance provided with the half-year results on 11
September 2019, Lalique Group continues to expect further moderate sales
growth in the low single digit percentage range (in local currencies) for
2019, with operating revenue expected to increase from EUR 136.4 million in
2018 to around EUR 140 million in 2019 (around +3% or +1% in local
currencies).

While sales in the Ultrasun, Grès, Jaguar and other brands segments as well
as the Lalique crystal business continued to grow in line with expectations
in the year to date, the company foresees a pronounced shortfall in
higher-margin sales at Lalique Parfums in the Middle East for the full year
2019. As previously explained, the difficult market and operating conditions
in the Middle East, including the embargo in Iran that forced Lalique Group
to discontinue its business activities in the country, had already impacted
Lalique and in particular Lalique Parfums sales in the first half of 2019.
This situation has exacerbated in the second half of the year to date,
hampering profitability.

The lower profitability expected in 2019 compared to 2018 also reflects the
planned continued expenses in the Lalique segment for the business expansion
in Japan, China and the US, in addition to the operating loss of The
Glenturret and one-off costs related to the acquisition in the first half of
the year, as envisaged and announced previously. Also, macroeconomic
uncertainties and political unrest in Hong Kong are increasingly affecting
business performance.

Against this backdrop, Lalique Group expects an estimated EBIT of around
EUR 0.3 million to EUR 1.5 million, representing an estimated EBIT margin in
the area of 0.6%, for 2019. Excluding the one-off costs related to the
acquisition of 50% of The Glenturret, EBIT for 2019 is estimated to be
around EUR 1.5 million to EUR 2.7 million, with an EBIT margin in the area
of 1.5%. This compares to an EBIT of EUR 6.1 million and an EBIT margin of
4.5% in 2018, which included extraordinary income of EUR 2.4 million.

Lalique Group confirms that it expects to conclude an agreement for an
additional perfume license in the second half of 2019, as previously
communicated.

Lalique Group remains committed to delivering on its strategic initiatives
and believes that with its diversification strategy, it is well positioned
to serve a broad international target clientele in the luxury goods market.
With a view to prioritize profitability, the company expects markedly
improved results for 2020 compared to 2019, reflecting tighter cost control,
progress of the businesses in Asia and the US, as well as stabilisation in
the Middle East as a result of steps being taken to realign distribution and
marketing activities in the region.

*Media contact*
Lalique Group SA
Esther Fuchs
Senior Communication & PR Manager
Grubenstrasse 18
CH-8045 Zurich

Phone: +41 43 499 45 58
esther.fuchs@lalique-group.com

*Lalique Group *
Lalique Group is a niche player in the creation, development, marketing and
global distribution of luxury goods. Its business areas comprise perfumes,
cosmetics, crystal, jewellery, high-end furniture and living accessories,
along with art, gastronomy and hospitality as well as single malt whisky.
Founded in 2000, the company employs approx. 720 staff and has its
headquarters in Zurich. The Lalique brand, from which the Group derives its
name, was created in Paris in 1888 by the master glassmaker and jewellery
designer René Lalique. The registered shares of Lalique Group SA (LLQ) are
listed on the SIX Swiss Exchange.

You can find further information at: *www.lalique-group.com*.

End of ad hoc announcement
Language: English
Company: Lalique Group SA
Grubenstrasse 18
8045 Zürich
Switzerland
Phone: 043 499 45 00
Fax: 043 499 45 03
E-mail: info@lalique-group.com
Internet: www.lalique-group.com
ISIN: CH0033813293
Valor: A0M1KL
Listed: SIX Swiss Exchange
EQS News ID: 893579

End of Announcement EQS Group News Service

893579 21-Oct-2019 CET/CEST



(END) Dow Jones Newswires

October 21, 2019 11:30 ET ( 15:30 GMT)
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