France's Lectra Q1 revenue falls 16% on cyclical slowdown

Lectra SA

28/04/2026 17:10

Overview

France industrial tech provider's Q1 revenue fell 16% yr/yr to €113.2 mln

Adjusted EBITDA before non-recurring items dropped 43% to €12.1 mln, margin at 10.6%

Outlook

Lectra targets 15% average annual SaaS ARR growth for 2026-2028

Company expects recurring contract revenue to grow 5-8% per year through 2028

Lectra aims to raise EBITDA margin by 120-180 basis points per year, like-for-like

Result Drivers

CYCLICAL SLOWDOWN - Co said short-term cyclical factors, including geopolitical and trade tensions, led to lower equipment revenues and weighed on Q1 results

RECURRING REVENUE GROWTH - Growth in SaaS subscriptions and recurring contracts partially offset decline in non-recurring revenues

COST CONTROL - Tight control of overhead costs and structural improvements in business model helped mitigate impact of lower revenues

Company press release: ID:nGNE9N3Bk8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 113.20 mln
EUR 128.28 mln (2 Analysts)
Q1 Net Income
EUR 500,000
Q1 Adjusted EBITDA
EUR 12.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Lectra SA is €28.00, about 61.8% above its April 27 closing price of €17.30

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)