The highest level of revenue in LUG S.A. history after three quarters of 2017

• 39,239.30 PLN revenue from sales in the third quarter of 2017 (+ 17% q/q)
• Net profit after three quarters of this year amounted to 4 260.29 thousand PLN and was higher by 36% than in the whole 2016.
  
• 2 996,86 thousand PLN of EBITDA  in the third quarter (+ 11% y/y)

LUG S.A., one of Europe's leading manufacturers of system solutions for professional lighting technology, has published estimates for the third quarter of 2017. The Company estimates that the net profit for the third quarter of this year will amount to 2 118.40 thous. PLN. After three quarters of 2017, the company achieved the highest revenue ever in a company's history, demonstrating positive dynamics at all levels. Net profit growth was 66% in the first nine months of the year, but net profit was higher by 136% year to year. Sales revenue will reach 39 239,30 thousand PLN, which is 17% higher than in the previous year.

- Estimated financial data of the third quarter prove that 2017 is very good for us. After the record results of the second quarter and the first half of the year, we witnessed further increases in sales volumes and net profit. Revenue from sales is higher than in the corresponding period of the previous year. The lighting industry, like the construction industry, is seasonal. For us, traditionally the second half of the year is more sales attractive. The company has effectively used this time and improved its results." - commented Ryszard Wtorkowski, the President of the LUG S.A.

In the third quarter of this year, the company implemented only projects based on diode solutions from its portfolio. Success also owes to the systematically expanded customer database. - The profit level is the visible effect of concentration on the production of LED luminaires. - added Ryszard Wtorkowski.

On 14 November, LUG S.A. will publish the report with complete data for third quarter 2017.