Lacroix revises downwards its 2023 profitability target


(AOF) – For its third quarter, Lacroix generated a turnover of 179.7 million euros, an increase of 0.9% compared to the same period of 2022. The specialist in equipment and technologies connected was able to count on the dynamism of the City (+16.4%) and Environment (+10.2%) activities, while the Electronics activity fell by 3.2%. Cumulatively over the first 9 months of the year, the group’s turnover increased by 9.9% (+9.6% at constant scope and exchange rate), reaching 567.4 million euros.

In terms of prospects, Lacroix remains confident in achieving a turnover in excess of 750 million euros in 2023 on a constant scope, an increase of at least 6%.

In terms of profitability, EBITDA is now expected to be around 45 million euros compared to an initial objective of more than 50 million euros, the difference coming entirely from the electronic activity in North America impacted by the concomitance of several transient factors.

This objective, adjusted taking into account recent changes in business conditions, remains higher than the EBITDA achieved for the 2022 financial year (44.3 million euros).

The company will publish its annual results on February 8, 2024 after market trading.

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