Home / Knowledge / News / Information Technology / Lectra revenues down 7% in 2012
Lectra revenues down 7% in 2012
13
Feb '13
Lectra’s Board of Directors, chaired by André Harari, reviewed the consolidated financial statements for the fiscal year 2012.

2012: Financial Results Beat Company Expectations
- Revenues: €198.4 million (-7%)
- Income from operations: €19.8 million (-43%)
- Net income: €13.6 million
- Free cash flow: €11.5 million
- Net cash: €14.2 million
- Dividend: €0.22 per share Q4 2012

Growth in Orders for New Software Licenses and CAD/CAM Equipment

There was no pick-up in the economy in Q4, uncertainties actually increased. Against this difficult background, sales activity finished the year dynamically.

Orders for new software licenses and CAD/CAM equipment (€20 million, surpassing the level for the first three quarters) increased by 34% compared with Q4 2011 (when orders were affected by the accelerated deterioration of the economic environment, falling 34% compared with Q4 2010).

Results Hold up Well

Revenues (€51.1 million) are down 4% (?3% at actual exchange rates). This decline stems from a 14% fall in revenues from new systems sales to €21.2 million. This was partly offset by the confirmation of faster growth in recurring revenues (€29.9 million), rising from 2% in the first half of the year to 4% in Q3 and in Q4. Revenues from recurring contracts (€17.3 million) rose by 7% and those from spare parts and consumables (€12.1 million) by 2%.

Income from operations amounted to €5.1 million, down €3.0 million, while the operating margin decreased by 5.3 percentage points to 10%. At actual exchange rates, income from operations was down €2.5 million and the operating margin decreased by 4.5 percentage points.

Net income (€3.6 million) decreased by €1.2 million at actual exchange rates, compared with Q4 2011. Free cash flow was positive at €5.8 million (€1.4 million in Q4 2011).

2012: An Operating Margin of 10%, Despite Reduced Activity and the Cost of Investments for the Future

Macroeconomic conditions remained persistently weak year-long. Based on this assumption, the company considered in its February 9, 2012 financial report that revenues from new systems sales could fall by around 24%. This would result in total revenues of approximately €190 million for the fiscal year. Income from operations would come to around €15 million, generating an operating margin of approximately 8%, and net income of approximately €10 million. These figures were based on an average exchange rate of $1.30/€1, very close to that for the year ($1.29/€1).

Revenues were ahead of company expectations by €8.4 million, income from operations by €4.8 million and net income by €3.6 million. The operating margin was higher by 2 percentage points. Orders from New Software Licenses and CAD/CAM Equipment Fall by Less than Expected Purchasing decisions remained on hold throughout the year. Orders for new software licenses and CAD/CAM equipment (€76.2 million) were down 6% relative to 2011.

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search