Brief: Lalique Group Specifies Its Outlook For 2019

Lalique SA

21/10/2019 16:32

Oct 21 (Reuters) - Lalique Group SA  LLQ.S :
    * EQS-ADHOC: LALIQUE GROUP SPECIFIES ITS OUTLOOK FOR 2019
    * OUTLOOK 2019: EXPECTS ESTIMATED INCREASE OF AROUND 3% (1% IN LOCAL CURRENCIES) IN
OPERATING
REVENUE TO AROUND EUR 140 MILLION
    * OUTLOOK 2019: AN ESTIMATED EBIT OF AROUND EUR 0.3 MILLION TO EUR 1.5 MILLION
    * CONTINUES TO EXPECT FURTHER MODERATE SALES GROWTH IN LOW SINGLE DIGIT PERCENTAGE RANGE (IN
LOCAL
CURRENCIES) FOR 2019
    * OPERATING REVENUE EXPECTED TO INCREASE FROM EUR 136.4 MILLION IN 2018 TO AROUND EUR 140
MILLION
IN 2019
    * COMPANY FORESEES A PRONOUNCED SHORTFALL IN HIGHER-MARGIN SALES AT LALIQUE PARFUMS IN
MIDDLE EAST
FOR FULL YEAR 2019
    * CONFIRMS THAT IT EXPECTS TO CONCLUDE AN AGREEMENT FOR AN ADDITIONAL PERFUME LICENSE IN
SECOND
HALF OF 2019
    * WITH A VIEW TO PRIORITIZE PROFITABILITY, COMPANY EXPECTS MARKEDLY IMPROVED RESULTS FOR
2020
COMPARED TO 2019

Source text for Eikon:  ID:nEQ3JyT3la 
Further company coverage:  LLQ.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))