LACROIX Group (LACR) H1 2025 TU earnings summary

Executive summary

• First-half 2025 revenue reached €291.5 million, down 12.3% like-for-like, reflecting sector challenges in Electronics but continued growth in Environment.

• Q2 2025 consolidated revenue was €140.4 million, a 14.2% like-for-like decline from Q2 2024, mainly due to Electronics weakness.

• Road Signs segment was divested on April 30, 2024, impacting year-over-year comparisons.

Financial highlights

• Electronics revenue fell 19.0% in Q2 2025 to €105.0 million; H1 2025 Electronics revenue down 17.4% to €221.4 million.

• Environment revenue grew 4.1% in Q2 2025 to €35.4 million; H1 2025 Environment revenue up 9.0% to €70.1 million.

• Total H1 2025 revenue was €291.5 million, down from €350.3 million in H1 2024 (including Road Signs).

Outlook and guidance

• Moderate revenue growth expected in H2 2025, excluding North America, driven by Environment and improved Electronics EMEA.

• Full-year 2025 revenue will fall short of the initial €600 million target due to North America exit; EBITDA margin target of 4% remains achievable.

• North American business exit targeted for completion by end of 2025; annual targets may be revised based on continuing operations.

• 2027 roadmap to be presented to investors on September 30, 2025.