LACROIX Group (LACR) H2 2024 earnings summary

Executive summary

• 2024 revenue reached €635.5 million, down 8.6% like-for-like, mainly due to Electronics in North America.

• EBITDA margin at 4.0%, in line with guidance but impacted by North America; net income negative due to non-recurring charges.

• Free cash flow remained strongly positive at €15.2 million.

Financial highlights

• Revenue declined 13.4% year-over-year to €635.5 million; current EBITDA fell 46.6% to €25.4 million.

• Current operating income dropped 77% to €5.2 million; operating income at -€20.8 million due to €26 million in non-recurring charges.

• Net income from continuing operations at -€33.5 million; consolidated net income group share at -€33.8 million.

• Net debt stable at €113.3 million; gearing ratio increased to 80.7%.

• Dividend payment suspended for 2024 to preserve liquidity.

Outlook and guidance

• 2025 revenue expected around €600 million; EBITDA margin forecasted above 4.0%.

• Environment segment expected to maintain strong growth and high profitability, leveraging regulatory and technological trends.

• Electronics EMEA focused on value-generating programs and operational efficiency; North America targeted for loss elimination by 2026.

• Group to present 2027 roadmap in September 2025.