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LACROIX Group — Earnings Release 2017
Feb 13, 2018
1468_10-q_2018-02-13_dbd5614e-303a-45d3-aedf-498496ba2c0a.pdf
Earnings Release
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Press release
ISIN FR 0000066607
LACROIX Group Quarterly activity report Quarter 1 Financial Year 2017-2018 (Released on 13/02/18 after trading hours)
Sharp increase in revenue in line with forecasts
After the Group presented its results last January 18th, and announced a dynamic growth for financial year 2017-2018, the consolidated revenue of the first Quarter confirms this forecast with a growth by + 9.9% reaching €116.5 M.
Consolidated revenue as of December 31st, 2017 breaks down as follows:
| (in million Euros) | FY 17/18 |
FY 16/17 |
Variation N / N-1 |
|
|---|---|---|---|---|
| LACROIX Electronics | 79.3 | 70.6 | +12.4% | |
| LACROIX Sofrel | 11.2 | 9.9 | + 13.6 % | |
| LACROIX City | 26.0 | 25.6 | +1.7 % | |
| Total LACROIX | 116.5 | 106.0 | + 9.9 % |
Highlights of the period:
- LACROIX Electronics achieves an increased activity by +12.4%, still driven by Poland but also supported by a positive contribution of all industrial sites.
- LACROIX Sofrel posts a revenue up +13.6%, driven by the Energy market and exports, due in particular to significant one-off orders in Italy at the end of calendar year. This favorable evolution confirms a return to growth for this activity, but the growth will be more moderate over the year than over the 1st quarter.
- LACROIX City records a moderate growth by +1.7% in revenue. Business prospects remain positive and allow to anticipate a faster growth rate over the year.
PRESS CONTACT
Nicolas BEDOUIN Tel : +33 (0)2 40 92 58 56 – [email protected]
Upcoming financial press release: Half-Year revenue of financial year 2017/2018 on May 14 2018 after trading hours.
Find this press release and all information about LACROIX on our website www.lacroix-group.com