LUG valuation increases
Rzeczpospolita, 17.09.2014 (druk, str. B15)
Analysts of Dr. Kalliwoda Research in the September 16 report raised to PLN 5.7 from a PLN 5.2 pre-valuation of LUG shares. They still recommend buying them. Yesterday the rate was PLN 4.1. The authors of the material positively criticize the results of the company for the first half of the year, which were above their expectations, in detail in net profit. It amounted to PLN 1.5 million. Specialists forecast that LUG, which is producing luminaries, will increase revenues by PLN 108.9m from PLN 102.8m last year. EBITDA earnings will reach PLN 6.6m vs. PLN 5.8m in 2013. Net profit will reach PLN 2.2m vs. PLN 1.5m before the year. In 2015, the turnover will increase to PLN 118 million, EBITDA to PLN 6.8 million, and the net profit will amount to PLN 2.1 million.