LACROIX Group (LACR) Q3 2024 TU earnings summary

Executive summary

• Consolidated revenue for the first nine months of FY 2024 was €494.2 million, down 6.3% like-for-like year-over-year.

• Q3 2024 revenue declined 9.5% like-for-like, reflecting North American challenges and an automotive market downturn.

• Environment segment maintained strong growth, while Electronics faced contraction, especially in automotive.

• Annual revenue target of around €640 million confirmed, with EBITDA margin expected between 4.0% and 4.5%.

Financial highlights

• Q3 2024 consolidated revenue: €143.9 million, down from €172.5 million in Q3 2023.

• 9M 2024 consolidated revenue: €494.2 million, down from €549.2 million in 9M 2023.

• Like-for-like revenue decline: -9.5% in Q3 2024, -6.3% for 9M 2024.

• Road signs segment deconsolidated after April 2024; City-Mobility treated as discontinued operation.

Outlook and guidance

• Full-year 2024 revenue target of approximately €640 million reaffirmed.

• EBITDA margin expected in the 4.0% to 4.5% range.

• New strategic roadmap for 2025-2027 to be unveiled with annual results in March 2025.