Lalique Group publishes 2017 annual results and announces rights issue as well as listing on SIX Swiss Exchange
April 26, 2018
Zurich, 26 April 2018 – Lalique Group SA (BX: LLQ), which is active in the creation, development, marketing and worldwide distribution of luxury goods, achieved a good result in 2017. Operating revenue grew by 4% yearon- year to EUR 128.8 million. Net Group profit rose to EUR 6.9 million, compared with EUR 1.0 million in the previous year. The company also announced that the previously disclosed partnership agreement with Damian Limited is not to go ahead. The Board of Directors of Lalique Group has decided to propose a capital increase in the form of a rights issue up to a maximum of 1,000,000 new shares at the Annual General Meeting on 8 June 2018, with the primary goal of strengthening the company’s balance sheet by converting shareholder loans into new shares. In the course of the capital increase, Lalique Group intends to pursue a listing of its shares on the SIX Swiss Exchange.