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Lalique Group announces 2020 annual results
Lalique Group SA / Key word(s): Annual Results
21-Apr-2021 / 07:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
MEDIA RELEASE
Zurich, 21 April 2021 -
Lalique Group SA (SIX: LLQ), which is active in the creation, development, marketing and worldwide distribution of luxury goods, generated operating revenue of EUR 110.7 million in 2020. The decrease in operating revenue compared to the prior period was reduced to 23% (H1 2020: -30%) and reflects the negative impacts of the corona pandemic on the business - especially on retail activities. EBIT totalled EUR -12.6 million in the reporting year; in addition to the non-cash impairment charge of EUR 4.3 million on Lalique s brand value recognized in the first half of 2020, it includes a litigation provision of EUR 2.4 million related to long-running legal proceedings in France. Excluding unforeseeab