Lalique Group announces preliminary figures for the 2023 financial year
March 20, 2024 at 01:56 am EDT
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Lalique Group SA / Key word(s): Preliminary Results
Lalique Group announces preliminary figures for the 2023 financial year
20-March-2024 / 06:53 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
MEDIA RELEASE – Ad hoc announcement pursuant to Art. 53 LR
Media release (PDF) Medienmitteilung (PDF) Communiqué de presse (PDF)
Zurich, 20 March 2024 – Lalique Group SA (SIX: LLQ), which is active in the creation, development, marketing and global distribution of luxury goods, today announced its preliminary, unaudited figures for the 2023 financial year. Operating revenue rose by around 5% compared to 2022 to approximately EUR 179.2 million. EBIT totalled around EUR 7.0 million, with an EBIT margin of around 3.9%.
Lalique Group recorded solid growth in sales in the 2023 financial year, reflecting contributions from all of its business segments. After challenging market conditions and a difficult production environment, especially in the first half of 2023, the performance of the business improved in the seasonally stronger second half of the year, although the shortfall against plan from the first six months could not be fully compensated. In total, the Group generated operating revenue of around EUR 179.2 million. This corresponds to slightly below-guidance sales growth of around 5% compared to 2022, which benefited from the post-pandemic upturn. Excluding the previously announced extraordinary income of EUR 1.7 million in 2022, operating revenue in 2023 increased by around 6%.
Developments on the cost side in 2023 mainly reflect general inflation and higher energy costs; Lalique Group was able to partly offset these effects through price increases, albeit with a certain delay. In addition, Lalique Group made further targeted investments in hiring as well as in marketing and sales activities. Personnel costs rose by around 12% year-on-year to approximately EUR 46.9 million. Other operating expenses totalled around EUR 32.3 million, corresponding to an increase of around 16%. At approximately EUR 13.6 million, depreciation and amortization were around 13% lower than in the prior year.
Earnings before interest and taxes (EBIT) totalled around EUR 7.0 million in 2023, compared to EUR 13.2 million in the prior year. In line with guidance, the EBIT margin was approximately 3.9%, compared to 7.7% in the previous year, or 6.8% excluding the extraordinary income recognized in 2022.
The complete final audited figures for the 2023 financial year as well as the outlook for 2024 will be published by Lalique Group on 17 April 2024.
Lalique Group SA, formerly Art & Fragrance SA, is a Switzerland-based company engaged in the fragrance, crystal and jewelry industries. It designs and develops new fragrances, acquires and manages brands and license rights in the perfume and cosmetics area, and distributes its own products. The Company also specializes in crystal and jewelry. Its brands include Lalique, Parfums Gres, Parfums Alain Delon, Jaguar Fragrances and Ultrasun. In addition, it offers private labeling services, which enable its customers to arrange fragrances and cosmetics with individual logotypes. The production of fragrances and cosmetics is carried out by external partners, and marketing and sales activities are conducted by independent distribution partner. The Company operates through a sales network, as well as through subsidiaries in Europe and Asia, among others.
LALIQUE GROUP SA 
