(Released 14/02/19 after trading hours)
Stable revenue in the first quarter
Annual growth target maintained
As announced at the results presentation held on January 17th, the first quarter of Financial Year
2018-2019 recorded a stable activity despite an accelerated growth of the Tier-1 equipment supply business. Moreover, this trend will be supported by the acquisition of a majority stake in SAE IT-systems announced at the beginning of February. This acquisition strengthens LACROIX Group’s positioning as technological equipment supplier in the Smart Environment.
The Tier-2 equipment supply business shows a decline, but the quarter is not representative of the annual trend and the Group confirms its growth prospects for the year, with an acceleration in business activities over the second half-year.
The consolidated revenue as of December 31st, 2018 breaks down as follows:
(in million Euros) | FY 18/19 | FY 17/18 | Change FY / FY-1 | |
LACROIX City | 27.6 | 26.0 | +6 | % |
LACROIX Sofrel | 13.3 | 11.2 | +19 | % |
LACROIX Electronics | 75.5 | 79.3 | -5 | % |
Total LACROIX Group | 116.5 | 116.5 | 0 | % |
Highlights of the period:
PRESS CONTACT
Nicolas BEDOUIN Tel: +33 (0)2 40 92 58 56 – info@lacroix-group.com
Upcoming press release: Half-Year revenue for Financial Year 2018/2019 on May 13th, 2019 after trading hours.
Find this press release and more information about LACROIX Group on our website www.lacroix-group.com
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