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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Lumibird
Lumibird (LBIRD) investor relations material
Lumibird H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary21 Sep, 2026
Executive summary
Revenue grew by 7.4% year-over-year to €114.7M, with constant currency growth at 9.7%.
Photonics division revenue rose 15.3%, with EBITDA up 20.2%.
Net income was €5.1M, representing 4.5% of revenue.
Medical division revenue was stable at €55.6M, with growth expected in H2 2026 due to new product launches.
The group maintained strong industrial efficiency and a solid financial position, with net financial debt at €92.6M and €58.2M in cash.
Financial highlights
Group EBITDA was €20M (17.5% of revenue), nearly flat year-over-year.
Operating income was €8.6M, down €0.5M year-over-year.
Gross margin rose 2.6% to €71.4M, but margin rate declined to 62.2% from 65.1%.
Financial result improved to -€1.5M from -€2.7M, mainly due to lower financial charges and favorable currency effects.
Cash flow from operations was €11.1M; free cash flow positive at €2.3M.
Outlook and guidance
Strong Photonics growth, a 20.2% increase in EBITDA, and a record order book support confidence in continued profitable growth.
Medical division expects acceleration in H2 2026, driven by new product launches.
The planned sale of the Medical division will refocus the group on photonics and enhance agility and investment capacity.
The Medical division sale is expected to close in Q4 2026, subject to regulatory approvals.
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Latest events from Lumibird
- Photonics revenue jumped 15.3% while Medical stabilized, driving 7.4% overall growth.LBIRD
Q2 2026 TU - H1 2024 saw stable revenue, margin pressure from Convergent, and a positive outlook.LBIRDH1 2024
- Revenue up 1.7% to €207.1M, Medical strong, Photonic down, net income falls 20.1%.LBIRDH2 2024
- Revenue up 9%, EBITDA up 85%, net income €4.9M, with strong divisional growth.LBIRDH1 2025
- EBITDA up 38%, net income up 146%, and revenue up 8.9% on strong divisional growth.LBIRDH2 2025
- Sales rose 1.7% to €207.1m, driven by Medical growth and strong cash position.LBIRDQ4 2024 TU
- H1 2024 revenue up 1% to €98m; Defense/Space strong, outlook and margin targets reaffirmed.LBIRDQ2 2024 TU
- Medical growth and Continuum acquisition drive momentum; 9-month revenue up 2%.LBIRDQ3 2024 TU
- Q1 2025 revenue rose 12.4% year-over-year, driven by Defence/Space and Medical growth.LBIRDQ1 2025 TU
Next Lumibird earnings date
Q3 2026 TU26 Oct, 2026
Lumibird
Next Lumibird earnings date
Q3 2026 TU26 Oct, 2026
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