Lacroix : Revenue up 16.7% over the first 9 months of the year 2021 objectives confirmed
November 08 2021 - 12:08PM
Lacroix : Revenue up 16.7% over the first 9 months of the year 2021
objectives confirmed
08/11/2021
Revenue up
16.7%over the first 9 months of the
year2021 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 euros |
Q32021 |
July - Sep2020 |
Change |
9 months2021 |
Jan - Sep2020 |
Change |
Electronics Activity |
70.5 |
75.1 |
-6.1% |
238.3 |
196.1 |
+21.5% |
City Activity |
23.9 |
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 total |
110.3 |
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 datesTurnover for the
4th quarter and full-year 2021: 14 February 2022 after the Stock
Exchange
View our financial data on our
Investors'
Zonehttps://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.
- LACROIX_CP_CA T3 20211108_FR_vdef_EN
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