LACROIX

A dynamic first half : Revenue up 14.6%. Solid growth in Q2 (+11.4%), supported by all activities.

28/08/2023

A dynamic first half :
Revenue up 14.6%

Solid growth in Q2 (+11.4%),
supported by all activities

Financial targets for 2023 confirmed
€750 million revenue secured
EBITDA over €50 M

Sustained momentum in the 1st half despite the one-off impact of the cyber attack

LACROIX continued to record solid business growth in the 2nd quarter of the year. Revenue was up 11.4% on the same period in 2022, at €193.0 million. This performance was driven by all three of the Group's activities, notably Electronics, despite the impact of the cyber attack in May (press releases of 05/15/2023 and 05/31/2023). Without this incident, which today has no impact on production capacity, LACROIX revenue growth would have been around 14% in the second quarter of 2023.

Growth over the period was achieved entirely through organic growth - Firstronic has been consolidated since January 1, 2022 - and benefited from a positive currency effect of €1.3 million. On a like-for-like basis⁽¹⁾, activity rose by 11.1% in Q2.

For the 1st half of 2023 as a whole, LACROIX revenue reached €387.8 million, up 14.6% (+14.2% on a like for-like basis and at constant exchange rates).

Revenue (in millions of €)	Q2 2023	Q2 2022	Variation	1st half 2023	1st half 2022	Variation
Electronics Activity	142,4	126,0	+13,0%	294,9	248,2	+18,8%
City Activity	30,3	28,0	+8,2%	53,6	51,4	+4,3%
Environment Activity	20,3	19,2	+5,9%	39,3	38,8	+1,2%
Total LACROIX	193,0	173,2	+11,4%	387,8	338,4	+14,6%

⁽¹⁾   At constant scope of consolidation and exchange rates: the currency effect is calculated by applying the exchange rates of the previous period to current period revenues. The effect of changes in the scope of consolidation is calculated by (i) eliminating the revenues for the current period and/or the comparable period of companies acquired during the period or the comparable period (ii) eliminating the revenues for the current period and/or the comparable period of companies sold during the period or the comparable period.