LACROIX Group — Earnings Release 2015

Feb 15, 2016

QUARTERLY ACTIVITY REPORT Quarter 1 Financial Year 2015-2016

The consolidated revenue as of December 31st, 2015 is as follows:

(in million Euros)	FY 15/16	FY 14/15	Variation
LACROIX Electronics	74.3	61.2	+ 21.3 %
LACROIX Sofrel	10.7	9.9	+ 7.3 %
LACROIX City	24.8	24.7	+ 0.1 %
Total LACROIX	109.7	95.9	+ 14.4 %

This increase by 14,4% breaks down as follows:

• LACROIX Electronics: a further growth on all sites, with an activity driven up by a favourable base effect (Growth compared to the last quarter of the previous Financial Year amounts to +8%).
• LACROIX Sofrel: revenue remains on target (+7,3%) and is still driven by a strong momentum in exports (+11.1%).
• LACROIX City: Further decline of the historical market (-9% at constant scope) due to the decrease in the budget of communities but offset by the integration of external growth operations during the previous financial year which are a real lever for the development of our activities.

In an uncertain and uneven environment, these elements enable the Group to confirm its prospects for growth in terms of revenue and results over the Financial Year.

Contact: Nicolas BEDOUIN Tel : 02 40 92 58 56 – info@lacroix.fr

Read this financial release and all information about Lacroix on our website www.lacroix-group.com