France's Lacroix 2025 revenue falls, hurt by weak electronics activity

Lacroix SA

31/03/2026 17:01

Overview

France technology equipment maker's 2025 revenue from continuing operations fell 6.5% yr/yr

EBITDA margin for 2025 was 7.6%, in line with co's target and slightly down from restated 2024 figure

Group posted consolidated net loss, mainly due to discontinued operations and non-cash impairments

Outlook

Lacroix expects moderate revenue growth and maintained EBITDA margin in 2026

Company confirms 2027 targets: revenue €475–500m, EBITDA margin above 8%, net debt/EBITDA below 2.0x

Result Drivers

ELECTRONICS DECLINE - Revenue fell due to lower volumes in Electronics, with declines across all segments and project postponements in Industry, cyclical pullback in Avionics & Defense, and end of large Automotive programs

ENVIRONMENT GROWTH - Environment activity grew 14.4%, driven by HVAC, Smart Grids, and Water networks, notably in Spain and Italy

Company press release: ID:nGNE4Gg0cp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Consol Net Income
-EUR 47.1 mln
FY Recurring EBIT
EUR 21.1 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Lacroix Group SA is €16.10, about 28.8% above its March 30 closing price of €12.50

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)