LUG S.A.: The success in "The Best Annual Report 2016"

On October 19, 2017, LUG S.A received the main prize in the NewConnect market category for its annual report for 2016, awarded by the jury of the "The Best Annual Report 2016" competition. After record sales in the second quarter of 2017, September brought further revenue growth.

Five editions of the competition, four prizes

This is already the fourth award given to the company for high reporting standards. During the official final gala, organized by the Institute of Accounting and Taxation in the Warsaw Stock Exchange, Ryszard Wtorkowski, the President of LUG S.A. received an award.

Since the beginning of our adventure with NewConnect, we have made every effort to ensure that our communication with the capital market is transparent. Our priority is our credibility in the eyes of our shareholders and investors. Today, after ten years of presence on the alternative market, I can confidently say that given the reporting and investor relations, LUG is in the lead, said Ryszard Wtorkowski, the President of LUG S.A.

- Financial statements and periodic reports are the result of joint efforts of a team of people working in finance, accounting, controlling and management. The decision of the Jury confirms that our joint efforts for the highest quality and presentation of reports have been noticed and appreciated. - adds Monika Bartoszak, the Director of LUG's Office of Communications and Management.

The event is organized by the Institute of Accounting and Taxation. Its idea is to develop and promote high standards in annual reports. The Contest promotes the best prepared annual reports, which are a reliable tool for shareholders and investors in making investment decisions. There are representatives of audit firms, capital market participants, representatives of stock investors and economic journalists each year.

The Autumn in favour of LUG

In September, a new entity entered the LUG Capital Group. It is a BIOT technology company, which strengthens the group's potential in the area of new technology development. The construction of a production facility in Argentina speeded up, and the first batch of lighting luminaires referring to signed contract, valued at nearly € 21 million, was already delivered to South America.

After the record level of sales in the second quarter of 2017, September brought further revenue growth. Sales revenue on the Polish market showed a one-digit positive dynamics compared to the results of September 2016, consolidating the company's high position in the competitive market. Significantly improved revenues from foreign transactions, which turned out to be record-breaking throughout the company's history and are almost half the revenue over the corresponding period of 2016.

The source of attached photographs: The final Gala of "The Best Annual Report 2016"