LUG S.A. results for Q2’2011

The LUG S.A. capital group published the consolidated and individual report for the second quarter of 2011.

It recorded over 21,15 mln PLN in income and an over 604 thousand PLN net profit in the second quarter of 2011. Comparing to results recorded in the second quarter of 2010, the company recorded an increase of respectively: 12 and 469 percent.

The LUG S.A. capital group had 41,94 mln PLN of consolidated income and 804,3 mln net profit after the first half of 2011. It accounts for respectively 23,4 and 564 percent.

- „The first half of the year was a very good period for the whole LUG S.A. capital group. The companies of the group continued growth on every operational level, which is visible in positive dynamics of income, operational profit and net profit. Undeniably, the good market situation in the construction business, which is connected with the lighting branch, has a positive influence on our group. Our results confirm that the strategy of increasing the share of high mark-up products in the company’s sales structure, increasing of exports to 50,53 percent of our income and even better cost control, was correct. ” – says Ryszard Wtorkowski, CEO of LUG S.A..

The company continued work on expanding its portfolio with new luminaires using LED light sources and luminaires designed for new segments of the market in the second quarter of the year. Overall LUG S.A. finished the process of introducing 11 new luminaires which were included in the sales offer.

- „Because of the financial result in the first and second quarter, income dynamics and geographical diversification of our company’s income, we sustain our result prognosis and we do not see any dangers to its fulfilling” - adds the CEO of LUG S.A.

Please read into our quarterly reports:

The consolidated report of LUG S.A. capital group for the second quarter of 2011 (pl)

The individual report of LUG S.A. for the second quarter of 2011 (pl)