English

Lumibird, a well-known French optoelectronics company, increased its lidar production capacity by 16% year-on-year and was boosted by strong market demand

228
2023-08-04 17:00:41
See translation

On July 24, Lumibird, a well-known French optoelectronics company, released its latest semi-annual report. In the first half of the year, Lumibird's revenues were 97.2 million euros, up 16 percent from the same period last year. Of this, the Optoelectronics division contributed 45.9 million euros and the remaining 51.3 million euros came from its medical division. In the second quarter (Q2) ended June 30, Lumibird's quarterly sales reached 56.3 million euros, an increase of 22% year-on-year.

(Photo credit: Lumibird)

Shares in the Lanne-based company, which is listed on the Paris Stock exchange, rose by around 5% after the latest figures were released. Recent investments in production capacity for products such as lidar in regions such as France, Sweden and Slovenia are part of the reason for its recent strong performance, according to analysts.

 

Lumibird's management stated that once the planned acquisition of Convergent Photonics is completed, the company should be close to achieving its annual turnover target of EUR 250 million. The deal is still subject to regulatory approval in Italy and the United States, and Lumibird is said to have more acquisitions in the pipeline. "If these acquisitions are completed in 2023, the group's annual turnover (including the contribution of the acquired businesses in a 12-month period) could reach up to 250 million euros," the company said in its financial statements. Although the planned transaction may reduce the company's overall profitability in the short term.

 

Lidar and laser rangefinder are the main business requirements

In the first half of 2023, sales in Lumibird's opto-electronics division grew 21% year-over-year (taking into account currency), and the company's "defense and space" business grew 63%.

 

"This good performance was partly due to the laser rangefinder business developed in Sweden since May 2022, which contributed €6.5 million in revenue to this segment (cumulative revenue of €16.7 million)," Lumibird said. Delivery of several satellite constellation deployments is said to be underway.

 

Sales of Lumibird lidar products also grew strongly, up 29% in the first half of the year, driven by increased production capacity in Lannion, France, and continued strong market demand.

 

At the same time, the company's industrial and scientific businesses, which were held back early this year by the move to a new site in Villejust, on the outskirts of the French capital, have returned to a steady return to growth.

 

Lumibird's medical division, which targets ophthalmic diagnostic and therapeutic applications, recorded half-year sales of €51.3 million, up 14% on the previous year at constant exchange rates. Driven by new products for cataract and glaucoma interventions, its therapeutic applications account for about three-quarters of the total.

 

Sales in the US were hit by delayed deliveries

The strong performance of the Lumibird laser rangefinder and lidar business was highlighted across the company's different segments, with the Photonics division reporting a 45% increase in sales in Europe, led by France and Sweden. However, sales in the United States were adversely affected by foreign exchange rates and delayed deliveries from certain industrial customers.

Source: OFweek

Related Recommendations
  • Lumiotive and Hokuyo announce the launch of the world's first 3D LiDAR sensor with true solid-state beam steering

    Lumotive, a pioneer in optical semiconductor technology, and Hokuyo Automatic Co., a global leader in sensors and automation, Ltd. announced today the commercial version of the YLM-10LX 3D LiDAR sensor. This breakthrough product features Lumiotive's light controlled metasurface (LCM) ™) Optical beamforming technology represents a significant leap in the application of solid-state programmable opti...

    2024-05-25
    See translation
  • German laser company Marvel Fusion recently raised 62.8 million euros in funding

    Recently, Marvel Fusion, a private German company dedicated to commercializing fusion energy through its own laser technology, announced that it has recently raised 62.8 million euros in Series B funding. This round of investors includes HV Capital, b2venture, Earlybird Venture Capital, Athos Venture, Primepulse, Plural Platform, and Deutsche Telekom. Meanwhile, Marvel Fusion has also received add...

    2024-10-12
    See translation
  • Dr. Torsten Derr will be appointed as the CEO of SCHOTT Group on January 1, 2025

    November 25, 2024, Mainz, GermanyStarting from January 1, 2025, Dr. Torsten Derr will take over as the CEO of SCHOTT Group.The new CEO of SCHOTT Group previously served as the CEO of SGL Carbon SE.Starting from January 1, 2025, Dr. Torsten Derr will officially assume the position of CEO of SCHOTT Group. SCHOTT Group announced in October 2024 that Dr. Torsten Derr will succeed Dr. Frank Heinrich, w...

    2024-11-27
    See translation
  • Bodor Laser: Laser Cutters Rank First in Global Sales for Six Consecutive Years

    On February 27, at Bodor Laser's global headquarters base in Licheng District, Jinan City, three automated production lines were operating at full capacity, struggling to meet the overwhelming demand. Lu Guohao, Secretary of the Board and Director of the President's Office at Bodor Laser, revealed that the company's laser cutter shipments exceeded 8,000 units in 2024, securing the top spot in glob...

    03-10
    See translation
  • A review of research on residual stresses in carbon steel welding

    Researchers from the University of Witwatersrand in South Africa have reported a review of research on residual stresses in carbon steel welding: formation mechanisms, mitigation strategies, and advances in advanced post weld heat treatment technologies. The relevant paper titled "A comprehensive review of residual stresses in carbon steel welding: formation mechanisms, mitigation strategies, and ...

    04-12
    See translation