LACROIX

First-quarter 2024 revenue of €186.3 million (-4.4%), marked by a high comparative base for Electronics and continued strong momentum for City and Environment divisions.

13/05/2024

First-quarter 2024 revenue of €186.3 million (-4.4%),
marked by a high comparative base for Electronics
and continued strong momentum for City and Environment divisions

Sales and profitability targets for 2024 confirmed

Revenue in millions of euros	Q1 2024	Q1 2023	Change
Electronics activity	138,4	152,5	-9,2%
City activity	26,0	23,3	+11,5%
Environment activity	21,8	18,9	+15,4%
Total	186,3	194,8	-4,4%
Excl. Road Signs Segment (sold April 30, 2024)	174,2	182,7	-4,7%

First quarter in line with expectations

As of March 31, 2024, LACROIX posted a revenue of €186.3 million, compared with €194.8 million a year earlier.
As a reminder, revenue had risen by 17.9% in the first quarter of 2023, driven by a strong recovery for the Electronics division following a period of disruption to component supplies. On this highly challenging basis of comparison, sales for Q1 2024 were down 4.4%. It should be noted that the Group sales in Q1 2024 were up by 12.8% on Q1 2022.

Taking into account a positive currency effect of +3.6 M€, mainly due to the appreciation of the Polish zloty, revenue at constant exchange rates⁽¹⁾, was down by 6.2%.

Excluding the Road Signs, a segment in the process of being sold during the period, LACROIX sales were down 4.7% in the first quarter of 2024, at €174.2 million.

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⁽¹⁾   At constant exchange rates : the currency effect is calculated by applying the exchange rates of the previous period to the revenue of the current period.

Continued strong momentum for City and Environment divisions

Electronics

The Electronics division reported a revenue of €138.4m, down 9.2% on the first quarter of 2023. This period had been marked by an exceptional performance for Electronics (+24.9%), particularly in the Automotive sector, due to improved supply conditions for electronic components after several quarters of tension.