Annual report

of LUG S.A. Capital Group


LUG in 2016


7 January 2016

Central section of the second line of metro in Warsaw, lighted by LUG Light Factory received 1st place award in Best Lighting Investment, organised by Polish Association of Lighting Industry

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18 March 2016

TINO LB LED luminaire from LUGBOX portfolio received TOP DESIGN AWARD 2016 in “LIGHTING” category.

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18 - 23 March 2016

LUG participated in Light + Building 2016 Fairs in Frankfurt am Main, one of the largest and most prestige lighting industry fairs.

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12 April 2016

Launching of a library with CAD/BIM luminaire models of LUG Light Factory, made in cooperation with Archispace portal.

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6 - 14 May 2016

LUG Light Factory Ltd. became a partner of Poznań Design Days 2016. “Public Space” was the main subject of the festival.

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9 June 2016

For the fifth time, the Investor Relations Service of LUG S.A. had won in the Golden Website contest, starting in NewConnect market category.

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30 June 2016

LUG S.A. Management Board decided to conclude and cancel the LUG S.A. Capital Group Strategy for 2013-2016

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12 August 2016

The Management Board of an Issuer decided about incremental withdrawing of luminaires, made in conventional technology, from Company’s offer. It is a next step in a completion of development strategy, heading through modern lighting technologies.

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24 August 2016

LUG S.A. Management Board assumed a resolution 01/08/2016 related to establishment of a capital group in the Republic of Argentina, which will be named as “LUG Argentina”.

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11 October 2016

LUG S.A. Management Board made a significant agreement for its growth between LUG S.A. and local Governance of Misiones Province (Republic of Argentina).

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19 October 2016

LUG S.A. Management Board decided about launching on 20 October 2016 the e-commerce platform, which is dedicated to Flash DQ brand as a new distribution channel in LUG S.A. Capital Group.

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22 - 23 November 2016

The representatives from Misiones Province in Argentina were guests in Zielona Góra. North American delegation visited Poland for special LUG’s invitation, which in October 2016 signed the significant agreement for building factory and delivery lighting luminaires for Posadas in Argentina.

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Business environment

International forecasts

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The perspective of lighting market development till 2026

Street lighting till 2026

  • 57 EUR billion The value of global investments in LED street lighting
  • 359 billion units The quantity of street lighting luminaires all over the world in 2026, regarding to 315 billion units in 2017.
  • 89%   The participation of the LED technology in street lighting
  • 42%   The participation of SMART LIGHTING in street lighting sector

LED market

LED participation in lighting market

80 billion USD in 2016

+18% YtY 2016/2017

Lighting Global Market (source: LED Global LED lighting market to reach US $25.7 billion in 2015” LEDinside, 4.12.2014r.)

Industry development factors

Development factors.pdf add to clipboard


total electricity consumption for lighting purposes all over the world

The purpose of “Europa 2020” strategy 20% increase of exuberant efficiency till 2020







LUG in the market

LUG in the market

LUG in the market.pdf add to clipboard

In 2016, the Company sold its products to67countries:

  • Algeria
  • Saudi Arabia
  • Austria
  • Belgium
  • Brazil
  • Germany
  • Denmark
  • Egypt
  • Estonia
  • Ethiopia
  • Finland
  • France
  • Greece
  • Spain
  • Holland
  • Iraq
  • Iran
  • Irland
  • Island
  • Israel
  • Jordan
  • Qatar
  • United Arab Emirates
  • Kazakhstan
  • Columbia
  • Kuwait
  • Lebanon
  • Lichtenstein
  • Lithuania
  • Luxembourg
  • Latvia
  • Macedonia
  • Malaysia
  • Malta
  • Marocco
  • Mauritius
  • Germany
  • Norway
  • New Zeland
  • Oman
  • Palestine
  • Poland
  • Portugal
  • South Africa
  • Russia
  • Romania
  • Bulgaria
  • Croatia
  • Slovakia
  • Slovenia
  • Cyprus
  • Czech Republic
  • Switzerland
  • Sweden
  • Tunisia
  • Turkey
  • Uganda
  • Bahrain
  • Ukraine
  • USA
  • Hungary
  • UK
  • Bosnia and Herzegovina
  • Italia
  • Curacao
  • South Korea

Representative offices:Berlin, London, Paris, Dubai, Sao Paulo

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


The Company offers a full range of solutions dedicated to lighting the interiors of buildings and external areas for commercial, industrial and architectural use. The assortment currently covers over 600 diverse kinds of luminaires.

Light shapes working and living conditions. It influences emotions, moods, perception and productivity. It can stimulate and inspire, and therefore properly selected lighting is a key factor.


LUG brand products are lighting solutions for each kind of building. They come into being through a synergy of innovativeness, functionality, energy-saving and design. The well developed customisation section enables standard versions of top-class lighting products to be adapted to customers’ unique needs. The Company’s own possibilities of producing LED light sources enable untypical solutions to be created on the basis of this energy-saving technology.

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FLASH DQ is a brand of exclusive fixtures presenting a unique and modern approach to luminaires, expressed not only in the exceptional designs but also in the use of untypical materials to realise bold designs. The technology employed in LED fixtures is based on the latest achievements of LUG’s Research and Development Department, where LED light sources produced by LUG are constantly being perfected.

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LUGBOX is a line of fixtures combining simplicity of assembly, excellent light parameters and an unrivalled price. LUGBOX is the best replacement for traditional lighting systems in various kinds of commercial and industrial buildings.

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Completions of the LUG brand

Corporate governance

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The LUG S.A. Capital Group 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.

In 2016, LUG S.A. used 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). In attached file you may find full LUG S.A. report regarding to applied principles.

Corporate governance is a collection of behavior principles for companies authorities and for its members – Supervisory Board, Management Board and Shareholders.

Corporate governance apply to broadly-understood company’s management.*

Risk factors

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The companies functioning within the LUG S.A. Capital Group actively manage operating and financial risks in order to optimise all business processes taking place inside the group and maximise its market value.

  • Macroeconomic risk
  • Law and regulatory risk
  • Environmental risk
  • Social risk
  • Resources risk
  • Business risk
  • Financial risk
  • Industry risk

Risk management process is based on precautionary principle, which is supported by:

  • Managing by values:

    We implement management model based on common values for whole company, which basis are ethics principles and good practices of organisation.

  • Agreements:

    We apply appropriate contractual provision regulating cooperation with customers, suppliers and partners

  • Health and safety management standards & environmental protection

    We closely supervise processes realised in a company to ensure that they are conducted in accordance to highest standards of people and process safety.

  • Budget control

    Our projects are realised with respect for matching our purposes into budget frames.