The LUMIBIRD Group announced unaudited consolidated sales results for the fourth quarter and full year of 2018. For the quarter, the company reported revenues of €35.4 million against €27.2 million a year ago.

For the year, the company reported revenues of €100.9 million against €85.1 million a year ago.

The company provided revenue guidance for the second half of 2018 and full year of 2021. The strong revenue growth over the second half of 2018 with €58.6 million against €42.3 million in first half will mechanically have a positive impact on earnings for the year. The Lidar Sensors, Defense and Medical sectors are continuing to show buoyant trends, and the Lumibird Group has key positions on them, with competitive, high-performance products and a reputation for quality, all positive factors that will support the Group's ambition over the coming years.

The company is setting itself strategic targets to achieve €150 million of revenues (excluding external growth) and an EBITDA margin of over 20% by 2021.