Lucibel (ALUCI) H1 2024 earnings summary

Executive summary

• First-half 2024 net loss of €1,165K versus a net profit of €179K in H1 2023, driven by a 37% revenue decline and lower gross margin.

• Launched a restructuring plan expected to yield €2M in annual savings and operational improvements.

• Anticipates a return to net profitability in 2025, supported by cost reductions and new product launches.

Financial highlights

• Revenue for H1 2024 was €3,140K, down 37% year-over-year from €5,006K.

• Gross margin dropped to 50.7% from 69.4% in H1 2023, reflecting a shift in business mix.

• Operating loss of €1,094K compared to operating profit of €288K in H1 2023.

• EBITDA (excédent brut d'exploitation) was negative €1,045K versus positive €583K a year earlier.

• Net financial debt improved to €2.9M at June 30, 2024, from €3.1M at December 31, 2023.

Outlook and guidance

• Expects to achieve a positive net result in 2025, driven by restructuring and new product launches.

• Second-half 2024 to focus on cost rationalization, product launches (OVE range, Marco Polo), and B2B partnerships in luxury beauty tech.