Lacroix SA: Half-Year results - Financial Year 2016/2017 - Profit from Operating Activities multiplied by 2.5
26 Juin 2017 - 6:05PM
|
|
Press release
(ISIN FR 0000066607) |
Half-Year
results - Financial Year
2016/2017
Profit from Operating Activities multiplied by
2.5
The first
half-year of financial year 2016/2017 records a moderate growth in
revenue (+2.2%) and a sharp increase in Profit from Operating
Activities (PFOA). After two years of transition and low PFOA
levels, the first half-year shows a significant improvement,
consistent with the Ambition 2020 programme presented in
January.
In addition to this recovery, the
first half-year also sees LACROIX asserting itself as an innovative
player in the midst of changes in the Smart Industry, Smart
Environment and Smart Mobility.
Indeed, over the period, LACROIX
Electronics entered into an Alliance with an EMS provider in the
United States, which opens up production capacity in Mexico.
LACROIX Sofrel launched S4W, its new-generation remote
management terminal for water infrastructure. LACROIX City launched
Sensycity, the first communicating detection ecosystem for street
lighting, and LACROIX Neavia was awarded by Ubimobility in the
field of autonomous vehicles.
The second half-year will see the launch of the LACROIX Lab, a
cross-organizational team to support innovation across business
units.
Half-Year
results (1) - Financial Year 2016/2017:
In Million Euros |
31.03.2017 |
31.03.2016 |
Variation |
30.09.2016 |
Revenue |
220.6 |
215.8 |
+2.2
% |
428.4 |
Profit from Operating Activities (PFOA) |
5.4 |
2.1 |
+150
% |
8.1 |
Operating profit |
5.1 |
-2.5 |
+303
% |
-6.5 |
Net income (Group share) |
3.0 |
-1.8 |
+266
% |
-8.8 |
Net debts / Equity (gearing) |
0.31 |
0.30 |
|
0.40 |
(1) The company's auditors performed a limited review of the
accounts
Highlights of the first
half-year:
-
LACROIX Electronics: moderate growth of turnover
(+2.2%) and further increase of the PFOA, reaching €3.4M. Apart
from the French site, all sites contributed to this improvement,
although the recovery of R&D centers and the German site still
remain fragile.
In a context of higher growth, the second half-year shall confirm
an improved PFOA in this business.
-
LACROIX Sofrel: a stable revenue (+0.1%)
affected by a decline in export revenue, and a stable PFOA
(€-0.1M), as the burden of team structuring is offset by lower
R&D expenses. The second half-year should see a slightly
improved growth level, though still low over the financial
year.
-
LACROIX City: return to a growth in revenue
(+5.5%), and a sharp increase by +€2.3M in PFOA, although this
business is still unprofitable. All three business units provide a
positive contribution to this improvement. LACROIX Sogexi and
LACROIX Traffic take profit from higher volumes and LACROIX
Signalisation from reorganizations carried out during last
financial year. The second half-year will confirm (though in a
lesser proportion) the positive trend and a return to breakeven
will take time.
After two years of transition, the
group thus confirms the good orientation of its levels of activity
and results. In consistency with its Ambition 2020 programme
presented in January, the year 2017 will be the first step
towards PFOA recovery.
Contact: Nicolas
BEDOUIN Tel : +33
(0)2 40 92 58 56 - info@lacroix-group.com
Read this press release and more
information about Lacroix on our website
www.lacroix-group.com
Upcoming press release: Third-quarter activity
report on 27/07/2017 after trading hours
Lacroix SA: Half-Year results FY
2016/2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Lacroix SA via Globenewswire
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