LACROIX Group — Interim / Quarterly Report 2013

Feb 12, 2013

QUARTERLY ACTIVITY REPORT 1st quarter Financial year 2012-2013

The consolidated turnover as at the 31st of December 2012 showed the following trends:

(in thousands of Euros)	Financial year	Financial year	Trend
	12/13	11/12	N / N-1
Electronics	38,599	40,410	- 4.5 %
Telemetry	7,853	7,899	- 0.11 %
Signalling	32,624	30,688	+ 6.3 %
Total	79,076	78,997	+ 0.1 %

We note:

• In Electronics, a decrease in activity that reflects the evolution of our customers' contracts. Revived commercial action begun last year should favourably impact business from the second half of the year.
• In Telemetry, that Turnover has stagnated but does not call into question prospects of increased activity for the year.
• In Signalling, that growth was driven in part by the end of major contracts. However, in a context that is still difficult, the year's Turnover should slightly decrease compared to that of the previous year.

Therefore, despite a depressed environment, the Group remains confident in its outlook and maintains a high level of investment which strengthens its positions in each of its business lines.

Contact: Yves KROTOFF Tel: (+33) 2 40 92 32 00 – y.krotoff@lacroix.fr

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