Lacroix Group

LACROIX Group confirms healthy end-of-year momentum. - Seite 2

A turnaround driven by all the Group's operations

In the 5th quarter (October-December) alone, the return to growth observed in the previous quarter was confirmed.

Revenue in euros millions	Q5 2019/2020 (Oct – Dec 20)	Q1 2019/2020 (Oct – Dec 19)	Change	Cumulative total 2019/2020 (Oct 19 – Dec 20) 15 months	Cumulative total 2018/2019 (Oct 18 – Sept 19) 12 months	Change
LACROIX Electronics	79.2	79.9	-0.8%	355.2	317.7	+11.8%
LACROIX City	29.2	27.2	+7.3%	125.3	104.6	+19.8%
LACROIX Environment	19.7	18.3	+7.6%	85.8	59.2	+44.9%
Total LACROIX Group	128.1	125.4	+2.2%	566.3	481.7	+17.6%

Over the period, LACROIX Electronics recorded relatively stable revenue of €79.2m, compared with €79.9m in the 1^st quarter. This stability conceals strong underlying performance, given on the one hand the difficulties of the aeronautics sector due to the pandemic, and on the other hand, a strong 1^st comparable quarter (+5.8% over the period for the Electronics business). On a like-for-like basis, LACROIX Electronics recorded a slight fall of 1.9% over the quarter. On a 12-month pro forma basis, revenue fell by 14.5%.

While LACROIX City had already recorded a return to growth in the 4^th quarter (+0.4%), the 5^th quarter saw a marked improvement in trading, with revenue of €29.2m, up 7.3% compared with the 1^st quarter, both on published data and like-for-like basis. Over the period, the renewed growth was mainly driven by a catch-up effect in the  road signs segment and strong growth in the Traffic Management segment. On a 12-month pro forma basis, LACROIX City recorded a 5.8% fall in revenue.

After a strong catch-up in the 4^th quarter, the LACROIX Environment business continued its excellent growth in the 5^th quarter with 7.6% revenue growth up to €19.7m, compared with the same period the previous year. Growth was driven in particular by the Smart Grid segment (26.0% quarterly growth). On a 12-month pro forma basis, revenue increased by 5.1%.