• Lacroix : Revenue up 16.7% over the first 9 months of the year 2021 objectives confirmed

    来源: Nasdaq GlobeNewswire / 08 11月 2021 11:08:00   America/Chicago

      

    PRESS RELEASE

     

    08/11/2021

    Revenue up 16.7%
    over the first 9 months of the year
    2021 objectives confirmed

    Increase in revenue of 16.7% since 1st January

    In the 3rd quarter of 2021, LACROIX revenue was €110.3 million, down by 7.6%. As expected, this development reflects increased disruptions relating to the shortage of components and project delays. Despite all this, sales momentum remains strong across all Group activities.

    In total, LACROIX revenue for the first 9 months of the year was €365.1 million, compared with €312.9 million, up 16.7% compared with the same period in 2020 and stable compared with pre-crisis levels. All activities contributed to growth over the period.

    The absence of significant scope effects should be noted over the quarter and in total.

    Revenue in millions of eurosQ3
    2021    		July - Sep
    2020    		Change9 months
    2021    		Jan - Sep
    2020    		Change
    Electronics Activity70.5 75.1-6.1%238.3 196.1+21.5%
    City Activity23.9 26.7-10.4%76.6 69.0+11.1%
    Environment Activity 15.9 17.6-9.8%50.3 47.8+5.1%
    LACROIX total110.3 119.4-7.6%365.1 312.9+16.7%

    Note: Due to the change in closing date, the period from July to September 2020 corresponds to the 4th quarter of the 2019/2020 fiscal year.

    Electronics Activity

    In the 3rd quarter of 2021, Electronics Activity revenue was €70.5 million, down 6.1% compared with the previous year. This downturn logically relates to disruptions in the availability of components and the indirect consequences of plant shutdowns at several auto manufacturers over the period.

    From 1st January 2021, Electronics Activity revenue has reached €238.3 million, up 21.5% compared with the first 9 months of 2020 and very slightly down compared with the same period in 2019 (-1.6%).

    City Activity

    As in the first two quarters of the year, City Activity was driven primarily by good momentum in the Street Lighting and V2X segments, while the Traffic and Signalling segments were hit by project delays and an unfavourable base effect (rebound in post-COVID activity over the period July to September 2020). It posted revenue of €23.9 million in the 3rd quarter, compared with €26.7 million in 2020, i.e. down 10.4%.

    In total, City Activity was up 11.1% compared to 2020. It is stable compared with 2019, at €76.6 million
    (-0.6%).

    Environment Activity

    For its part, Environment Activity revenue was €15.9 million in the 3rd quarter of 2021, down 9.8%, an evolution explained by an unfavourable comparison basis compared to the period from July to September 2020 during which revenue increased by 17.4%. In addition, the Smart Grid segment remains very strong, although temporarily impacted in July by the floods in Germany.

    Environment Activity year-to-date revenue was €50.3 million, up 5.1% compared with the same period in 2020. Compared to the same period in 2019, business grew by 9.4%.

    Annual objectives maintained

    LACROIX expects a good level of activity and the pass-through of higher component and raw material prices allowing it to reach the objective of €500 million revenue by the end of the financial year. This objective remains subject to stability in the electronics component supply situation.

    LACROIX also confirms its objective of a current EBITDA margin between 5.8% and 6.1%.

    Upcoming dates
    Turnover for the 4th quarter and full-year 2021: 14 February 2022 after the Stock Exchange

    View our financial data on our Investors' Zone
    https://www.lacroix-group.com/investors/

    About LACROIX

    Convinced that technology should contribute to making our living environments simpler, more sustainable and safer, LACROIX supports its customers in the construction and management of intelligent living ecosystems, thanks to connected equipment and technologies.
    As a publicly-listed family-owned mid-cap, with a turnover of €441 million in 2020, LACROIX combines the essential agility required to innovate in an ever-changing technological sector with the ability to industrialise robust and secure equipment, cutting-edge know-how in industrial IoT solutions and electronic equipment for critical applications and the long-term vision to invest and build for the future.
    LACROIX designs and manufactures its customers’ electronic equipment, in particular in the automotive, home automation, aeronautical, industrial and health sectors. LACROIX also provides safe, connected equipment for the management of critical infrastructures such as smart roads (street lighting, traffic signs, traffic management, V2X) and the management and operation of water and energy systems.
    Drawing on its extensive experience and expertise, the Group works with its customers and partners to build the connection between the world of today and the world of tomorrow. It helps them to create the industry of the future and to make the most of the opportunities for innovation that surround them, supplying them with the equipment for a smarter world.

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