Brief: Lacroix Group Posts FY Revenue Up At EUR 761 Mln

Lacroix SA

02/04/2024 17:21

April 2 (Reuters) - Lacroix Group SA  LACR.PA : Posts FY
Revenue
    * FY REVENUE OF EUR 761M (+7,5%) DRIVEN BY ALL ACTIVITIES
    * FY CURRENT EBITDA MARGIN OF 5.5%
    * OUTLOOK 2024: EXCLUDING. ROAD SIGNS BU, ACTIVITY SLIGHTLY
UP
COMPARED TO 2023 (EUR 702M IN 2023)
    * OUTLOOK 2024: EBITDA MARGIN ESTIMATED IN 5.5% TO 6.5%
RANGE
    * ELECTRONICS ACTIVITY FACED WITH A MORE DIFFICULT CONTEXT
IN
SECOND HALF OF YEAR
    * A VERY GOOD YEAR FOR CITY AND ENVIRONMENT
    * FY CURRENT EBITDA EUR 41.6 MILLION VERSUS EUR 44.3 MILLION
YEAR
AGO
    * LACROIX GROUP SA- EXPECTS 2024 TO BE A YEAR OF CONTRASTS
DEPENDING ON MARKETS CONCERNED
    * FY NET INCOME GROUP SHARE EUR 4.3 MILLION VERSUS EUR 11.9
MILLION YEAR AGO
    * BY 2025, GROUP CONFIRMS ITS REVENUE TARGET OF EUR 800
MILLION
    * EBITDA MARGIN OF AROUND 9% REMAINS TARGET, BUT SEEMS
REALISTICALLY DIFFICULT TO ACHIEVE AS EARLY AS 2025
    * DIVIDEND OF EUR 0.70 PER SHARE WILL BE PUT TO VOTE
    * LACROIX EXPECTS A REVENUE EXCLUDING ROAD SIGNS SEGMENT TO
EXCEED
EUR 710 MILLION IN 2024, SLIGHTLY UP ON ITS 2023 LEVEL (I.E. EUR
702 MILLION)
    * CURRENT EBITDA MARGIN IS EXPECTED TO EXCEED ITS 2023
LEVEL,
WITHIN A RANGE OF 5.5% TO 6.5%

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Further company coverage:  LACR.PA 

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