Lacroix: 2024 targets revised downwards

(CercleFinance.com) - Lacroix, a specialist in electronic equipment and connected technologies, announced on Monday that it had lowered its targets for fiscal 2024, citing in particular the difficult turnaround of its US subsidiary.


The industrial IoT specialist, which also mentions recent and forthcoming changes to its scope, says it now anticipates sales of only around 640 million euros on the new scope (four months of the signaling segment and excluding City - Mobility).

As a reminder, its previous estimate including City was for sales in excess of 710 million euros.

In its press release, the Group adds that Electronics North America's turnaround remains hampered by persistent industrial inefficiencies.

In the first half, its recurring Ebitda came to 18.3 million euros, compared with 23.6 million euros a year earlier, giving a mid-year margin of 5.2%, compared with 6.3% a year earlier.

In the first six months of the year, its sales came to 350.3 million euros, compared with 376.6 million in the first half of 2023.

Lacroix has also indicated that it is working on a new roadmap for the period 2025-2027, which it plans to unveil when it publishes its annual results on March 31, 2025.

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