LUG S.A. – the net result increased by 42 percent

LUG S.A. improved its profitability in the second quarter of 2012 and achieved a net profit higher by 42 percent y/y in the whole first half of the year. The revenues of the Issuer after two quarters of the year amounted to 43,7 mln PLN. EBIT and EBITDA also increased. The good results are complemented by the ending of registration process of subsidiary LUG do Brazil Ltda. and a resolution of the General Shareholders Meeting on payment of the first in the company’s history stock exchange dividend.

Despite unimpressive macro data for 2Q 2012 and turbulence in the construction market, the LUG S.A. Capital Group copes very well and can declare the 2Q as successful. The revenues in 2Q 2012 alone increased by 15,57 percent y/y, up to 24,5 mln PLN, the overall accumulated revenues in the first half of the year amounted to 43,7 mln PLN.

There also were increased in other items of income statement. The Earnings Before deducting Interest and Taxes (EBIT) and Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) amounted to 1,42 mln PLN and 3,04 mln PLN respectively in the first half of 2012.

The consolidated net profit also presented large dynamics, increasing in the first and second quarters y/y by 42 percent up to 1,14 mln PLN.

-„The second quarter of the year confirms that we are growing in a stable and long-term manner. The domestic and export revenues grow parallel, achieving several percent dynamics. A factor supporting that grow is the exchange rate of Euro, which influenced the lower valuation of foreign currency credits and also positively influences the balance of component purchase and products’ sales” – says Ryszard Wtorkowski, CEO of LUG S.A.

 The Executive Board of LUG S.A. is performing a constant analysis of the surroundings searching for potential threats and adapts their operation plans in order to ensure financial safety of the capital group.

 -„We have a constant view of the situation in the industry and we did not see any threats, which would directly influence our own condition. We are noting a systematic increase of orders volume, and comprehensive approach to the idea of lighting and business experience allow us to avoid consequences of macroeconomic situation in Europe. On that basis we are keeping our current year result prognosis and we do not see any threats to its realization” – comments Ryszard Wtorkowski.

Please familiarize yourself with the periodic reports:

LUG S.A. Capital Group’s Consolidated report for the II quarter of 2012 (PL)

LUG S.A. stand-alone report for the II quarter of 2012 (PL)

Financial data.xls (PL)