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Annual Report 2017
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Operations

our development
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LUG in 2017

International forecasts

The perspective of lighting market development till 2026.

road lighting to:

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LED market

LED participation in general lighting market

LED participation

General lighting

rynek led

Source: „Lighting the way: Perspectives on the global lighting market”, McKinsey&Company 2012r., second edition.

Industry development factors

International forecasts for the global lighting market also indicate that its value in 2020 will reach about 100 billion euros.

Czynniki rozwoju branży-en

Strategic Development Directions

"As part of the strategic development directions for 2017-2021, the basic areas of change were designated. The “driving force” is a human-oriented approach, both in relation to the inside of the organization and its entire environment."

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MISSION

We create an innovative light for life with passion.

VISION

International leader of innovative lighting solutions.

drzewo-wartosci-en
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INNOVATION

We create light, not solutions.

INTERNATIONALIZATION

We create emotions, not feelings.

ORGANIZATIONAL CULTURE

We are a LUG Family, not just a team.

LUG in the market

In 2017, the Company sold its products to

70countries

Representative offices:

  • Berlin, 

  • Londyn, 

  • Paris, 

  • Dubai, 

  • Sao Paulo

Incomes structure (PLN thousand)

Participation of LED luminaires in LUG’s sales of lighting luminaires

Products

Target group

Interior designer

interior

Target group

MAYOR

Target group

Architect

architecture

Corporate governance

The LUG S.A. Capital Group ensures that relations with investors are built on the basis of partnership and pays great attention to granting free access to information about the Issuer to all shareholders and to respecting their rights, regardless of the size of their block of shares.

The corporate governance relating to the broadly understood management of the company accompanies the operations of the LUG S.A. Capital Group. over the years.

In 2017, LUG S.A. continued to apply principles of “Good Practices of Companies Listed on the NewConnect”, applied to companies listed in an Alternative Trading System of Giełda Papierów Wartościowych w Warszawie S.A. (Warsaw Stock Exchange) and adapted to the applicable regulations in accordance with the highest standards.

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Risks related to the environment

  • Risk

    related to macroeconomic and industry situation

  • Risk

    of volatility in the legal environment

  • The r isk

    The risk of variability of tax regulations and their interpretation

  • The risk

    of incorrect assessment of the macroeconomic situation and trends in the lighting industry

  • Risk

    related to financing with foreign capital and changes in interest rates

  • Risk

    related to the seasonality of sales

  • The risk

    of random events

  • Risk

    related to liability for damage to persons and property in connection with the use of products offered by the Issuer

  • Risk

    related to the withdrawal of production batches from the market

  • The risk

    of losing key employees and key management members and the inability to employ a sufficient number of qualified employees

  • Risk

    related to court proceedings, arbitration proceedings and proceedings before administrative bodies

  • Risk

    related to environmental protection

  • The risk

    related to the temporary suspension of production as a result of failure, destruction or loss of property

  • Risk

    related to the implementation of the contract with the Government of the Misiones Province and the development of activities in Argentina

  • Risk

    related to the supply chain

  • The risk

    of achieving strategic goals

  • Risk

    of deterioration of reputation and loss of customer confidence

  • Risk

    Exchange rate risk

  • Risk

    related to penalties for non-performance or untimely performance of orders

  • Risk

    of rising prices of raw materials and components

  • Risk

    related to competition

  • Risk

    related to the repayment of receivables by contractors

  • Risk

    related to the increase in operating costs

Director of Management Board and Communication Office

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