Brief: French electronics company Lacroix launches capital increase worth at least 47.7 mln euros

Lacroix SA

05/07/2021 06:05

July 5 (Reuters) - Lacroix Group SA  LACR.PA :
    * REG-LACROIX LAUNCHES A CAPITAL INCREASE WITH PREFERENTIAL
SUBSCRIPTION RIGHTS (PSR) FOR SHAREHOLDERS IN THE AMOUNT OF
€47.7M, WHICH MAY BE INCREASE TO €54.9M IF THE EXTENSION CLAUSE
IS EXERCISED IN FULL.
    * SUBSCRIPTION PRICE: EUR 41.65 PER NEW SHARE
    * SUBSCRIPTION COMMITMENTS FOR A TOTAL AMOUNT OF EUR 34.0M,
OF
WHICH EUR 15.0M
    * : WE HAVE AMBITIOUS STRATEGIC PLAN, DESIGNED TO ENABLE US
TO
NEARLY DOUBLE IN SIZE BETWEEN 2020 AND 2025, TO REACH EUR 800
MILLION IN REVENUE
    * FOR 2025, LACROIX AIMS TO RECORD SALES OF EUR 800 MILLION
COMPARED WITH EUR 441 MILLION IN 2020
    * AS PERTAINS TO PROFITABILITY, AMBITION IS TO GENERATE A
RECURRING EBITDA MARGIN OF AROUND 9%, VERSUS 5.9% IN 2020

Source text for Eikon:  ID:nGNE4TCYHX 
Further company coverage:  LACR.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))