LACROIX Group (LACR) Q1 2025 earnings summary

Executive summary

• Announced exit from North American Electronics operations by end of 2025 to focus on core, high-potential activities.

• Q1 2025 revenue declined 10.4% like-for-like, with Electronics under pressure and Environment showing strong growth.

• 2027 strategic roadmap presentation set for September 30, 2025.

Financial highlights

• Q1 2025 consolidated revenue was €151.1 million, down from €180.9 million in Q1 2024.

• Like-for-like revenue (excluding Road Signs) declined 10.4% year-over-year.

• Electronics activity revenue fell 15.9% year-over-year to €116.4 million; sequential growth of 4.4% from Q4 2024.

• Environment activity revenue grew 14.5% year-over-year to €34.7 million.

• North American Electronics subsidiary posted negative EBITDA of €13.5 million in 2024, with revenue down 15% to €141 million.

Outlook and guidance

• 2025 financial targets maintained: revenue expected around €600 million and current EBITDA margin above 4%.

• Accounting impacts from North America exit to be communicated after project finalization.

• Next financial update scheduled for July 23, 2025 (Q2 and H1 2025 results).