Lalique Group announces 2016 annual results
March 29, 2017
Zurich, 29 March 2017 - In the 2016 financial year, Lalique Group SA (BX: LLQ), which is active in the creation, development, marketing and worldwide distribution of luxury goods, faced a challenging market environment and higher costs arising from expansion of its business. In addition, the Group recorded an extraordinary impairment of EUR 1.7 million in the annual financial statements for 2016. Operating revenue decreased by 2% year on year to EUR 123.6 million. The Group result came in at EUR 1.0 million, compared with EUR 8.5 million in 2015.