LACROIX GROUP - FISCAL YEAR 2018-2019

significantly improved earnings

Press release

Saint-Herblain, 17 December 2019

Fiscal Year 2018-2019: significantly improved earnings

Current operating income: +29%

Net income: +29%

LACROIX Group (LACR - FR0000066607), an international technological equipment supplier, has released its results for fiscal year 2018-2019 (period running from 1 October 2018 to 30 September 2019).

The consolidated financial statements have been audited and the certification report will be issued once the management report has been checked for the purpose of publishing the annual financial report.

In thousands of euros	2019 (1)	2018   restated (1)	Change	2018   published
Revenue	481,591	468,287	+2.8%	468,287
EBITDA (2)   As a % of revenue	28,873 6%	23,964 5.1%	+20.5% +0.9 pt	22,907
Current operating income (expense)   As a % of revenue	20,759 4.3%	16,082 3.4%	+29.1% +0.9 pt	15,025
Operating income (expense)	16,345	13,085	+24.9%	12,028
Financial income (expense)	(1,039)	(960)	-8.2%	(960)
Tax	(4,175)	(3,623)	-15.2%	(2,566)
Consolidated net income (expense)	11,127	8,498	+30.9%	8,498
Group net income (expense)	10,617	8,233	+29%	8,233

(1) For fiscal year 2018-2019, Lacroix Group elected to change its accounting presentation method by reclassifying the CVAE (corporate value-added tax), which amounted to €1.1m in 2018, from operating expenses to income tax. For a better comparison, this reclassification was also carried out for the previous fiscal year (“2018 restated). In addition to this table, all comments and data contained in this press release are also presented on a comparable basis.