Letter from the President of LUG S.A.
In LUG, we create innovations ourselves by searching for the best lighting solutions (...)
I am convinced that responsible development is a key to build a company and create products friendly to people and nature. What is important to us is the business model which center will be the social responsibility of business towards people and the environment.
Ryszard Wtorkowski
President of LUG S.A. Management Board
LUG worldwide
Branches: Zielona Góra HQ Poland, London, Berlin, Posadas, São Paulo, Dubai
52%
of revenue from exports
12
branches in Poland
7
foreign branches
9
companies of the Capital Group
70
operational markets
Stock market history of LUG
2019
- iF Design Award for Avenida LED
- LUG joins the World Economic Forum
- LUG as the finalist of Golden Website XII Competition
- The Best Lighting Investment Award for LUG
- Title of the Business Gazelle 2018
- Diamond of the Polish Economy 2018
2018
- Official opening of the production plant in Argentina
- New foreign subsidiary – LUG Turkey
- The Best Lighting Investment Award for LUG
- Payment of the dividend for the third time in the Company's history
- The NewConnect “Bulls and Bears” Award
- Golden Website XI Award
- Lubusz Business and Innovation Leader 2018
- Economic Award of Marshal of the Lubuskie Voivodeship
- Polish Investment and Trade Agency in the Foreign Expansion Award
2017
- LUG expansion in Argentina. Company registration, factory construction and contract with the Misiones Province
- Expansion of the production and development center in Nowy Kisielin
- Payment of the dividend for the second time in the Company's history
- Commencement of the transfer procedure on the Warsaw Stock Exchange market
- Golden Website X Award, The Best Annual Report 2016
- New technology company of the Capital Group - BIOT Sp. z o.o.
2016
- Significant agreement for street lighting in Misiones Province, in Argentina
- Golden Website IX Award
2015
- Completion of construction of new factory — launching of a research and development centre
- Golden Website VIII Award
- The Best Annual Report 2014 Award
2014
- Start of construction of new factory
- Golden Website VII Award
- Award The Best Annual Report 2013
2013
- The first Annual online report on NewConnect
- LUG’s shares are included in the NCIndex30 index and belong to the NCLead segment
- Golden Website VI Award
- Award The Best Annual Report 2012
- Expansion of the factory with the construction of a LED component production hall
2012
- Payment of the first dividend in the company’s stock market history
- LUG reverse stock split in accordance with the parity 25:1
2011
- Start of procedure to transfer listings to Warsaw Stock Exchange
2010
- A new fund in the LUG share ownership structure
- LUG stock split in accordance with the parity 1:4
- Series C share issue
2009
- The Issuer’s victory in the Golden Website competition
2008
- Transfer of operations to new headquarters (achieving the issue target)
2007
- LUG’s debut on the NewConnect market
Dear Sirs,
I look back with great fondness to the year of 1989, when the political system transformation took place and new business opportunities appeared. Together with my father, we planned to enter this new era with a new business idea. Today, after 30 years, our products light up many places in 70 countries around the world.
Thanks to our team, which already has 700 people, we are expanding our organization to new markets around the world.
What we have achieved over the years, I can confidently call a great success that would not have been possible without participation of our Employees, Customers, Suppliers and Investors. I am grateful for the huge amount of trust and commitment that you put into our organization every day.
I hope that the 30th anniversary of LUG will become a platform for many discussions, exchange of experiences and memories that fulfill our common history and that we will be able to celebrate the successive anniversaries of LUG together, full of success and joy.
With gratitude
LUG S.A. Capital Group
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: LUG Light Factory Sp. z o.o., LUG GmbH, LUG Lighting UK Ltd., T.O.W Ukraine. In the rest of companies of the Capital Group, the LUG S.A. holds as follows: 65% of LUG do Brasil Ltda. shares, 51% of BIOT Sp. z o.o. shares, 50% of LUG Argentina SA shares and 66,8% of LUG Turkey shares.
LUG Light Factory (100% OF SHARES)
The company of LUG S.A. Capital Group.
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.
LUG GmbH (100% OF SHARES)
The company of LUG S.A. Capital Group.
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.
LUG do Brasil Ltda. (65% OF SHARES)
The company of LUG S.A. Capital Group.
On 29.06.2012 the newly established company LUG do Brasil 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.
LUG Lighting UK Ltd. (100% OF SHARES)
The company of LUG S.A. Capital Group.
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.
LUG Argentina SA (50% OF SHARES)
The company of LUG S.A. Capital Group.
LUG Argentina SA with its registered office in Buenos Aires, part of the LUG S.A. Capital Group, was registered on 30.08.2017 with an entry into the Argentine Register of Entrepreneurs. Shareholders of LUG Argentina SA in a half-to-half ratio are LUG S.A. and Provider Argentina SA. The company's goal is to carry out industrial activities, including production, processing, assembly and assembly of lighting fixtures, commercial activities, including sale of lighting fittings and accessories as well as advisory services in the field of lighting technology, including for projects related to energy saving.
LUG Turkey (66.8% OF SHARES)
The company of LUG S.A. Capital Group.
On August 1, 2018, a limited liability company LUG Aydunlatma Sistemleri Anonim Sirketi was established and registered on August 6, 2018 in accordance with Turkish law based in Istanbul, Republic of Turkey. It is a company established for an indefinite period. The purpose of LUG Turkey activity is to conduct commercial, production and advisory activities in the field of professional lighting solutions. Its creation results from the LUG S.A. Capital Group foreign expansion, which element is the expansion of activities on the Turkish market and on the markets of other countries in the region.
BIOT Sp. z o.o. (51% OF SHARES)
The company of LUG S.A. Capital Group.
On September 9, 2017, a new technology company was formed as part of the LUG S.A. Capital Group. The new entity is a subsidiary of LUG, with 51% of shares being held by LUG S.A., the remaining 49% by Toka Burzyński Guzowski Sp.j. The company was established to supplement the portfolio of services of the LUG Capital Group. The main area of activity of the new entity is research and stimulation of development in the area of new lighting technologies.
LUG S.A.Management Board
Ryszard Wtorkowski President of LUG S.A. Management Board
Mariusz Ejsmont Vice-president of the Management Board,
Technical Director
Małgorzata Konys Member of the Management Board,
Financial Director
LUG S.A. Supervisory Board
Iwona Wtorkowska Chairman of the Supervisory Board
Renata Baczańska – Member of the Supervisory Board
Zygmunt Ćwik – Member of the Supervisory Board
Eryk Wtorkowski – Member of the Supervisory Board
Szymon Zioło – Member of the Supervisory Board
Employees headcount
614
in 2018
567
in 2017
527
in 2016
Employment structure by gender
39%
women
61%
men
Employment structure by education
Age average
Development of LUG
BIOT
The conceptual and design work of LUG S.A. Capital Group is currently focused on intensive development within IoT and the Smart City segment. For this purpose, in year 2017 a technology company BIOT Sp. z o.o. was settled. The main area of activity of the new entity is research and implementation of new technological solutions.
Investment
LUBUSKIE 2020: Next stage of the research and development project completed
LUG Light Factory Sp. z o.o., completed the first year of the project co-financed by the European Regional Development Fund under the Regional Operational Program - Lubuskie 2020.
Until the end of October 2017 intensive research and design work (stage I of the Project) was in progress, focused on the development of prototypes of lighting fixtures, including development of a design specification for each proposed prototype. At the end of 2017, there were 45 prototyping projects for new lighting fixtures and lighting sets. So far, several dozen prototypes of luminaires have been made.
In January 2018, the second stage of the project ended, i.e. the purchase of necessary fixed assets for testing, testing and validation. Currently, work is underway on patent applications that were born during research and development.
Laboratory
From August 1, 2008, research and development activity is carried out by LUG Light Factory Sp. z o.o. in an internal laboratory located at the headquarters of the LUG S.A. Capital Group. in Zielona Góra.
In January 2016, the photovoltaic laboratory was moved and launched to the center in Nowy Kisielin. In the laboratory, fittings and components are tested mainly in terms of safety of use. Among other things, thermal conditions, tightness of fittings (IP degree), resistance to mechanical shock (IK degree), aging of plastics, as well as all electrical parameters are examined.
The laboratory is fully adapted to the needs of a wide spectrum of product quality control, and in 2018 the laboratory obtained the approval of the ISO 17025 system by the TUV SUD unit.
ISO
Activities for environmental protection are among the LUG's priorities. The implemented and applied Environmental Management System according to the international standard ISO 14001: 2015 and the Energy Management System according to the ISO 50001: 2011 standard confirm that the Issuer's subsidiary, LUG Light Factory Sp. z o.o., meets legal requirements related to environmental protection. Both, the Environmental Management System certificate according to the ISO 14001: 2015 standard and the Energy Management System Certificate according to the ISO 50001: 2011 standard, the company LUG Light Factory Sp. z o.o. has since 2018. In 2018, LUG also obtained the international ISO 9001: 2015 standard specifying the requirements that should be met by the quality management system in the organization.
Improvement
KAIZEN i 5S
Another part of LUG development activities is cost optimization. As part of these activities, in 2017 the Issuer implemented a number of activities, including the most important one to implement the philosophy of KAIZEN and the 5S method. The philosophy of KAIZEN, as a concept of continuous improvement, went to the organizational culture of LUG in the context of the involvement of all employees of the company, regardless of the level, in the constant search for ideas to improve all areas of the organization. The idea of implementing KAIZEN at LUG appeared in the second half of 2016, but full implementation took place in 2017. From the entire organization, the implementation team received more than 250 rationalization proposals from very different areas affecting: cost optimization, work ergonomics, product quality and environmental impact. Out of 250 applications, 170 applications were applied in the organization, and many other activities are implemented through a large degree of self-fulfillment. The most important of the implemented techniques turned out to be the 5S Method (selection, systematics, cleaning, standardization and self-discipline), which caused significant improvements in work. The implementation of KAIZEN and 5S resulted in an increase in production efficiency as a part of the Production Division alone by 4%, including in the area of electrical assembly by 7%. Another effect of the completed works is the greater availability of LED modules and the possibility of flexible response to market needs, which builds a competitive advantage of the LUG S.A. Capital Group.
“Investor Relations”
category awards
Golden Website Contest XI
For the seventh time, LUG S.A. won the 11th edition of the competition organized by the Association of Stock Exchange Issuers, this time defeating competitors in the combined category for small companies from the regulated market and alternative market NewConnect, winning the title of "The best investor relations service” in the "small companies "category.
“Investor Relations”
category awards
“Bulls and Bears” of NewConnect
Editorial office of Investors and Stock Exchange magazine "Parkiet" presented capital market awards for the 24th time "Byki i Niedźwiedzie" ("Bulls and Bears") and "Złote Portfele" ("Golden Wallets") awarded to the best companies, institutions and personalities of the Warsaw Stock Exchange. The statuette in the category "Company of the year from the NewConnect market" was awarded to the LUG S.A. Capital Group.
“Products” category
awards
iF Design Award 2018
Once again LUG is the winner of the prestigious international design competition iF DESIGN AWARD 2019, this time thanks to the AVENIDA luminaire, which won in the category of lighting product. AVENIDA is a professional solution for public areas’ lighting - a strategic area for the development of LUG. Responds to the needs and problems of today's cities - its use allows for increasing the safety and comfort of users while ensuring high energy efficiency of the city lighting system.
“Completions”
category awards
Best Lighting Investment 2018
The competition jury recognized LUG Light Factory for the use of the best lighting solutions in the area of luminaire selection and placement, which affects the unique nature of the investment. The lighting and illumination effect obtained was considered to be uniquely compatible with the architecture.
Business Activity Awards
Distinguished for Export of Poland
On February 06, 2019, at the Congress Center of the University of Life Sciences in Lublin, there was a ceremonial Gala of Export 2019 organized by the National Association of Exporters of the Republic of Poland.
Business Activity Awards
Lubuskie Business and Innovation Leader
During a festive gala held on September 24th in the Kepler’s Science Centre in Zielona Gora, awards for the best businesses in lubuskie were handed out for the tenth time.The popular and prestigious competition organised by the Western Chamber of Industry and Commerce together with Gazeta Lubuska aims at choosing and awarding the best business in the region.
Business Activity Awards
Economic Award of Marshal of the Lubuskie Voivodeship 2018
On October 11, 2018, during the gala of the Economic Congress - Lubuskie in 2018, the 45 best companies from the Lubusz area were recognized. Among the awarded entities was LUG S.A., which received the Economic Award of the Marshal of the Lubuskie Voivodeship, appreciating the company's contribution to the development and promotion of the Lubuskie region.
Business Activity Awards
Diamond of Polish Economy 2018
LUG was also honored with the title of Diamond of the Polish Economy 2018, an award granted for eleven years by the Institute of European Business to the companies of the electromechanical industry. This is an independent ranking based on a company's market value, on the basis of which the European Business Institute analyzes the financial results of Polish enterprises and banks.
Business Activity Awards
Gazelles of Business 2018
LUG Light Factory, one of the companies forming LUG S.A. Capital Group, was awarded with the prestigious Business Gazelle title for the fourth time, taking 44th place among companies from the region and 2167th position in a nationwide ranking. This year's ranking prepared by "Puls Biznesu" was attended by a record number of 4.5 thousand companies from Poland, including over a hundred from the Lubuskie Voivodeship.
Business Activity Awards
Polish Investment and Trade Agency Award in the category: Foreign Expansion
During the ceremonial Gala, on October 15, 2018, the Polish Investment and Trade Agency honored the best Polish exporters and foreign investors this year. LUG Light Factory was among 9 Polish companies recognized in the category of Foreign Expansion.
Golden Website Contest XI
For the seventh time, LUG S.A. won the 11th edition of the competition organized by the Association of Stock Exchange Issuers, this time defeating competitors in the combined category for small companies from the regulated market and alternative market NewConnect, winning the title of "The best investor relations service” in the "small companies "category.
The award giving ceremony of the 11th edition of the Golden Website competition took place on the June 6, 2018. In this year's edition, the companies competed in the framework of newly defined categories. The jury awarded companies in two classifications: the best IR service and the best online communication. The title of "The best investor relations service” of the “small companies "category hit the sixth time in a row from the government to LUG S.A.
The Association of Stock Exchange Issuers has been organizing a competition for over ten years, the aim of which is to promote the highest standards of communication of issuers with investors and shareholders, paying particular attention to the functionality and aesthetics of investor relations websites.
“Bulls and Bears” of NewConnect
Editorial office of Investors and Stock Exchange magazine "Parkiet" presented capital market awards for the 24th time "Byki i Niedźwiedzie" ("Bulls and Bears") and "Złote Portfele" ("Golden Wallets") awarded to the best companies, institutions and personalities of the Warsaw Stock Exchange. The statuette in the category "Company of the year from the NewConnect market" was awarded to the LUG S.A. Capital Group.
During this year's gala of "Bulls and Bears", which took place on March 21, 2018 at the headquarters of the Warsaw Stock Exchange, prizes for the best companies of the Polish capital market were distributed. The Bull statuette for the "Best company on the NewConnect market" was won by LUG S.A. The competition jury justifying the award to LUG S.A. of Zielona Góra mentioned the fact that the Company adopted a new strategy and significantly improved its results.
The "Bulls and Bears" award is the most important and the oldest distinction awarded to the best companies and capital market institutions by the Investors and Stock Exchange magazine "Parkiet". Organizing these type of events is aimed at promoting professionals, companies and institutions that contribute to its development.
iF Design Award 2018
Once again LUG is the winner of the prestigious international design competition iF DESIGN AWARD 2019, this time thanks to the AVENIDA luminaire, which won in the category of lighting product. AVENIDA is a professional solution for public areas’ lighting - a strategic area for the development of LUG. Responds to the needs and problems of today's cities - its use allows for increasing the safety and comfort of users while ensuring high energy efficiency of the city lighting system.
For over 60 years the iF Design Award logo has been an internationally recognized symbol of the finest achievements in the field of industrial design. About 60 renowned experts from more than 20 countries select the award winners in a clearly structured process based on well-defined criteria. This year 6,400 products from nearly 50 countries were submitted to the competition which makes this an even bigger success for AVENIDA.
This is the third time LUG received an iF Design Award which proves that the company consistently maintain the highest level of industrial design. In previous years, POWERLUG (2016) and CRUISER 2 (2017) were granted in this prestigious competition.
Best Lighting Investment 2018
The competition jury recognized LUG Light Factory for the use of the best lighting solutions in the area of luminaire selection and placement, which affects the unique nature of the investment. The lighting and illumination effect obtained was considered to be uniquely compatible with the architecture.
The prizes for projects were awarded in two categories:
1. Illumination of public, private and sacred objects
1st place: for the revitalization of lighting in the urban space of Zielona Góra: Vine Park (lighting of the Palm House) and illumination of the ruins of the castle in Zatoń
2. Interior lighting of public objects, centers, commercial buildings, service and hotel facilities
2nd place: for the lighting of the Bałtyk office building in Poznań
The competition for the Best Lighting Investment is a prestigious event that has been organized for the twentieth time. The competition aims to promote investment activity in the field of lighting. It recognizes the best lighting investments and promotes and disseminates good, innovative technical solutions that achieve significant savings in electricity consumption.
Distinguished for Export of Poland
On February 06, 2019, at the Congress Center of the University of Life Sciences in Lublin, there was a ceremonial Gala of Export 2019 organized by the National Association of Exporters of the Republic of Poland. Entrepreneurs, local government representatives, representatives of government administration and non-governmental organizations interested in the development of exports and the media met during the event. The key moment of the Gala was the awarding of the medals "Distinguished for Export of Poland" awarded to the chapter of the National Association of Exporters of the Republic of Poland in three categories: Personality, Institutions and Companies. The Capital Group of LUG S.A. received a medal in the Companies category, representing the Lubuskie Voivodeship.
Lubuskie Business and Innovation Leader
During a festive gala held on September 24th in the Kepler’s Science Centre in Zielona Gora, awards for the best businesses in lubuskie were handed out for the tenth time.The popular and prestigious competition organised by the Western Chamber of Industry and Commerce together with Gazeta Lubuska aims at choosing and awarding the best business in the region.
This year, 56 companies competed for the title of the Lubuskie Business Leader. LUG S.A. Capital Group won the competition in the “big companies” category for the second year in a row. Also during the event, awards for innovation leaders were handed for the fifth time. LUG received the title of Innovation Leader as well.
Economic Award of Marshal of the Lubuskie Voivodeship 2018
On October 11, 2018, during the gala of the Economic Congress - Lubuskie in 2018, the 45 best companies from the Lubusz area were recognized. Among the awarded entities was LUG S.A., which received the Economic Award of the Marshal of the Lubuskie Voivodeship, appreciating the company's contribution to the development and promotion of the Lubuskie region.
LUG S.A. is a world-class leader in innovative lighting solutions recognized for its contribution to the development of entrepreneurship and the labor market of the Lubuskie Voivodeship and Zielona Góra, where it has its headquarters. The Economic Award of the Marshal of the Lubuskie Voivodeship extended the prestigious group of awards of the LUG S.A. Capital Group. and confirms the commitment that LUG's activity stands out in the business environment of the region.
Diamond of Polish Economy 2018
LUG was also honored with the title of Diamond of the Polish Economy 2018, an award granted for eleven years by the Institute of European Business to the companies of the electromechanical industry. This is an independent ranking based on a company's market value, on the basis of which the European Business Institute analyzes the financial results of Polish enterprises and banks.
Received award confirm the strong position of the LUG S.A. Capital Group not only in the region, but also on the market nationwide.
Gazelles of Business 2018
LUG Light Factory, one of the companies forming LUG S.A. Capital Group, was awarded with the prestigious Business Gazelle title for the fourth time, taking 44th place among companies from the region and 2167th position in a nationwide ranking. This year's ranking prepared by "Puls Biznesu" was attended by a record number of 4.5 thousand companies from Poland, including over a hundred from the Lubuskie Voivodeship.
Gazelles of Business is the oldest ranking of the most dynamically developing small and medium enterprises that stand out showing an increase in sales revenues over recent years, published by the editors of Puls Biznesu in cooperation with Coface Poland. The ranking is not a result of a decision made by jury or competition council, whose opinions would influence the results of the rankings. The only criterion is the financial results of enterprises. A good position in the ranking reflects into commercial contacts and strengthens the credibility of companies. Listed companies are perceived as trustworthy partners and dynamically developing businesses.
Polish Investment and Trade Agency Award in the category: Foreign Expansion
During the ceremonial Gala, on October 15, 2018, the Polish Investment and Trade Agency honored the best Polish exporters and foreign investors this year. LUG Light Factory was among 9 Polish companies recognized in the category of Foreign Expansion.
The award honors the activity of our company in foreign markets. There are already 6 foreign companies comprising a part of the LUG S.A. Capital Group and export activity accounts for more than half of our turnover. PAIH paid particular attention to the foreign expansion of LUG in South America, especially in Argentina, where this Monday, October 29, the first production plant of our company will be officially opened.
Privacy policy
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