Contact
Monika Bartoszak
Head of Investor Relations
gsm: +48 510 183 993
e-mail: Monika.Bartoszak@lug.com.pl
2015
Annual report
of Capital Group LUG S.A.
Head of Investor Relations
gsm: +48 510 183 993
e-mail: Monika.Bartoszak@lug.com.pl
2015 was a time of ambitious organic growth projects and efforts aimed at strengthening our presence on the international market for professional luminaires.
Ryszard Wtorkowski
President of LUG S.A. Management Board
53%
of revenue
from exports
The Group’s parent company is LUG S.A., performing management and control functions with respect to other subsidiaries.
The Company was established in 1989 as a civil law partnership. At present, it holds 100% of shares in subsidiaries, with the exception of LUG do Brazil Ltda. in which it holds 65% of shares.
100%
of shares
On 01.08.2008, the subsidiary LUG Light Factory Sp. z o.o. took over the existing operations carried out by the Issuer and is involved in designing, implementing, producing and selling luminaires.
100%
of shares
Since 11.09.2008, LUG GmbH has been an element of the foreign trade organisation of the LUG S.A. Capital Group and focuses on selling and promoting products on the German market.
65%
of shares
On 29.06.2012 the newly established company LUG do Brazil Ltda joined the Group. The development targets of the LUG S.A. Capital Group, based on a thorough analysis of the prospects for the Brazilian economy, were a key factor in the decision to establish a company in one of the economically most important and most significant investments in the country. The aim of the new company in the LUG S.A. Capital Group is to strengthen the company’s presence on South American markets.
100%
of shares
LUG Lighting UK Ltd. Established in 10.09.2013. Previously, for about two years, LUG’s sales office operated effectively in London. LUG Lighting UK Ltd provides a base for the further increase of sales in the UK and Ireland and will also enable qualifications necessary to establish LUG’s consultancy and sales centre to be developed. The completion of formalities and the start of operations deliberately coincides with the opening of the advanced showroom of luminaires at the registered office of the new company LUG Lighting UK Ltd in London.
100%
of shares
T.O.W. LUG Ukraine was established in 2005 and was engaged in sales of LUG fixtures on the Ukrainian market. Presently, the company’s activities are suspended due to difficult conditions for business in Ukraine connected with the poor financial standing of the country, a general failure to respect legal regulations, and corruption.
Ryszard Wtorkowski
President of LUG S.A. Management Board
President of LUG S.A. Management Board
Is the founder and biggest shareholder of LUG S.A. Electronic engineer by training. From 2002 to 2007, held the position of President of LUG Sp. z o.o. Management Board; after the company was transformed into a joint-stock company in September 2007, he became President of LUG S.A. Management Board. He also holds the position of President of the Management Board of LUG Light Factory Sp. z o.o., LUG GmbH and LUG Lighting UK Ltd. Actively supports numerous organisations integrating science and business circles; for example, in 2011-2013 he held the post of Chancellor of the Lubuskie Lodge of the Business Centre Club and was at the same time Vice-president of the BCC Management Board.
Mariusz Ejsmont
Vice-president of the Management Board
Technical Director
Vice-president of the Management Board, Technical Director
Holds a master’s degree in electrotechnical engineering. Educated at Zielona Górska Polytechnic (currently the University of Zielona Góra). Since 31.01.2011 Vice-president of LUG S.A. Management Board; previously, from the beginning of LUG S.A., i.e. from 2007, he was a Member of LUG S.A. Management Board. Also holds the post of Technical Director and Management Board Member at LUG Light Factory Sp. z o.o. which belongs to the LUG S.A. Capital Group.
Małgorzata Konys
Member of the Management Board,
Financial Director
Member of the Management Board, Financial Director
Graduate in Management and Marketing at the University of Zielona Góra, and postgraduate studies in Accountancy at the Academy of Economics in Poznań and Controlling at the University of Szczecin. In 2007, she became the Financial Director at LUG S.A. Following the company’s transformation and the incorporation of a subsidiary, she changed posts to become the Financial Director at LUG Light Factory Sp. z o.o. and at the same time took on the position of Member of the LUG S.A. Management Board, functions that she has held to this day.
Other members of the Supervisory Board
Iwona Wtorkowska
Chairman of the
Supervisory Board
Chairman of the Supervisory Board
Graduated from the College of Pedagogy in Zielona Góra; has pedagogical higher education. Professionally connected with LUG from the moment of its establishment. She was at first a partner at LUG Wtorkowski i Spółka. In 2001-2007 she acted as Authorised Signatory at LUG Sp. z o.o., and in 2003-2007 was also the Management Board Representative for ISO. After the company was transformed into a joint-stock company, she was elected President of the LUG S.A. Supervisory Board and has held this position to this day. Is also Authorised Signatory at LUG Light Factory Sp. z o.o.
Renata Baczańska
Member of the
Supervisory Board
Zygmunt Ćwik
Member of the
Supervisory Board
Radosław Rejman
Członek Rady
adzorczej
Eryk Wtorkowski
Member of the
Supervisory Board
Szymon Zioło
Member of the
Supervisory Board
3942013
4372014
4652015
57%
43%
4%Basic
18%Professional
34%Secondary
44%Higher
37 years and 6 months
2007
2008
2009
2010
2011
2012
2013
2014
2015
Award for the Best Lighting Investment 2014 in the Best Investment category
Award for the Best Lighting Investment 2014 in the Lighting Equipment Manufacturers category
Distinction awarded by the Mayor of Zielona Góra to Ryszard Wtorkowski for activities connected with sports patronage in Lubuskie Province.
Lubuskie Business Leader title awarded by the Polish Chamber of Commerce, under the patronage of the Ministry of the Economy of the Republic of Poland
Good Design 2015 Award — distinction for the URBANO LED fixture in the Public Sphere category
The Most Innovative Exporter is a commendation awarded in Rzeczpospolita's plebiscite, based on votes from representatives of companies exporting products outside Polish borders.
The Best Exporter is an award in Orły Eksportu Województwa Lubelskiego contest, sponsored by County Marshal.
The Best Annual Report 2014 – main award
Golden Website VIII
Friend of Ronald McDonald’s Foundation
of the LUG S.A. Capital Group mainly involves designing new products, testing their parameters and improving the parameters of products already on offer.
In December 2015, the Development Department and Electronic Department started operating in a new research and development centre located in the company’s new factory in Nowy Kisielin. At the turn of January 2016, the photo-optic laboratory was relocated and launched in a new location. The production of LED electronic equipment was launched in a facility located in Nowy Kisielin in January 2016.
Research and Development Center with electronics production hall park and storage space
The design and conceptual work of the LUG S.A. Capital Group currently focuses on intensively developing the portfolio of new products with the use of LED technology.
hundreds of materials, components and electronic subassemblies were analysed
several dozen new designs of optical systems were prepared
several dozen new LED cooling systems were designed
In the laboratory, fixtures and components are tested mainly for safe use. The tests include thermal conditions, tightness of fixtures (IP level), resistance to mechanical damage (IK level), wear and tear of plastics, as well as all electric parameters. The laboratory of the LUG S.A. Capital Group is equipped with a draught-tight chamber for testing thermal luminaires for compliance with standard PN-EN 60598-1 as well as equipment for testing combustibility of materials using the glow wire ignition (GWT) method for compliance with standard PN-EN 60695-2-10. Also, the chamber for heat testing enables tests to be carried out for wear and tear of plastics, which, combined with exposing samples to UV light, makes it possible to conduct a durability simulation for plastics over a period of time. The laboratory also includes a photometric dark room equipped with a top-class automatic system giving very precise measurements of light distribution curves of luminaires and other sources of light (C-gamma goniophotometer). The laboratory has been fully adapted to meet the needs of a broad quality-control spectrum for products. Additionally, in 2015 it was extended with a new laboratory for testing the tightness of fixtures, and new measuring equipment was purchased, such as a flickering meter (used to measure the flicker ratio of light that directly affects human well-being) or a portable spectrometer.
280
tests connected with safety
1243
photometric tests
Another direction of the tests being done is optimising the production costs of LED fixtures. As part of these operations, the Company constructed a new factory in the Technological Park in Nowy Kisielin in 2015, and relocated the R&D Department, Laboratory, production facilities and LED component warehouse to this factory. At present, the Company’s own production of LED modules enables LUG luminaires with high luminous efficiency and a unique design to be dynamically developed, taking production costs optimisation into account. The operations are currently producing measurable effects in the form of non-dependence on suppliers and ideally matching LUG luminaires to customers’ needs under the “customisation” policy implemented. Another effect of the development work carried out is a greater availability of LED modules and the possibility of flexibly reacting to market needs, which builds the LUG S.A. Capital Group’s competitive advantage over importers of fixtures.
The Company’s own production of LED modules enables LUG luminaires to be dynamically developed