LACROIX Group (LACR) Q4 2025 TU earnings summary

Executive summary

• 2025 consolidated revenue reached €445.5 million, a 6.5% decrease year-over-year on a like-for-like basis, with a return to growth in Q4 (+0.9%).

• North America operational exit completed, with Electronics North America classified as discontinued operations.

• Strategic refocusing includes divestment of Road signs segment and sale of City-Mobility.

Financial highlights

• Q4 2025 revenue was €110.5 million, up 0.9% from Q4 2024.

• Full-year 2025 revenue was €445.5 million, down from €476.5 million in 2024.

• Electronics revenue for 2025 fell 13.8% to €304.2 million; Environment revenue rose 14.4% to €141.2 million.

Outlook and guidance

• 2025 EBITDA margin forecasted at around 7.5%; net debt/EBITDA ratio targeted below 3x.

• 2027 targets reaffirmed: revenue between €475–500 million, EBITDA margin above 8%, net debt/EBITDA below 2.0x.