Home / Knowledge / News / Information Technology / Lectra H1 sales hike 2%
Lectra H1 sales hike 2%
29
Jul '13
Lectra’s Board of Directors, chaired by André Harari, reviewed the consolidated financial statements for the first half of 2013, after a limited review by the Statutory Auditors.

Highlights:

Revenues: €99.2 million (+2%)

- Income from operations before non-recurring items: €7.2 million (–10%)
- Net income: €14.6 million
- Free cash flow: €14.2 million
- Net cash: €22.4 million

Q2 2013: Progress in the Company’s Transformation Plan

At the end of 2011, and despite the prevailing economic conditions, the company decided to accelerate its transformation over the period to 2015, giving precedence to its long-term strategy over short-term profitability.

This far-reaching plan represents a cumulative €50 million of investments for the future, fully expensed over the period 2012-2015, while their benefits will only be felt progressively. It comprises three components: a major recruitment plan devoted to strengthening sales and marketing teams, which will grow from 220 people at the end of 2011 to 330, and from 16% to 22% of the total workforce (with a doubling of the number of sales people); the addition of 40 engineers to the software R&D teams in Bordeaux-Cestas (France), bringing the total number to 260; accelerated investment in marketing .

Execution of the plan continued in Q2. In particular, there have been 70 recruitments since January 2013, bringing the total new hires since the end of 2011 to 180. The main priorities, in addition to bolstering software R&D teams, have been North America, China, and the Germany and Eastern Europe region. Meanwhile, 140 people have left the Group, also under the transformation plan. Persistently Sluggish Economic Conditions

On February 12, 2013, the company indicated that it was preparing for economic conditions as weak in 2013 as in 2012, and that the year was likely to be both difficult and unpredictable. Since then many developed and emerging countries have experienced slower growth. Greater concern among companies as a consequence of this has affected their investment decisions.

Despite these relatively adverse conditions, orders for new software licenses and CAD/CAM equipment for Q2 2013 (€18.7 million) increased by €1.5 million (+8%) compared with Q2 2012. New software licenses were up 7% and CAD/CAM equipment up 9%. Orders increased by 16% compared with Q1 2013 (€16.2 million).

Revenues (€50.9 million) were up 1%, and down 2% at actual exchange rates. Revenues from new systems sales (€21.2 million) were down by €2 million (–8%), mainly due to the weak order backlog for new systems at April 1, 2013. Recurring revenues (€29.7 million), on the other hand, rose by €2.4 million (+9%).Income from operations (€4.1 million) was down €0.8 million and the operating margin (8%) decreased by 1.8 percentage points. Net income (€2.4 million) was down €1.2 million (–33%) at actual exchange rates.

Click here to view full result.

Lectra


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search