Home / Knowledge / News / Information Technology / Lectra remains confident in its medium-term growth prospects
Lectra remains confident in its medium-term growth prospects
03
May '08
The Board of Directors of Lectra, chaired by André Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2008.

Orders Decline in a Seriously Worsening Macroeconomic Environment Coming after the excellent growth dynamic in orders booked in 2007 (despite first signs of a slowdown in Q4), Q1 2008 orders for new software licenses and CAD/CAM equipment were down 17% (–€4.1 million) relative to Q1 2007.

The most severe decline in orders occurred in the Americas. In Europe, orders were down, falling in all of the major countries.

The only source of satisfaction came from the Asia-Pacific region, where orders grew by 37%, with China, Japan, the Southeast Asian countries and India (where the company opened a subsidiary in Q4 2007) all contributed to this growth in orders.

Revenues Increase
With an average parity of $1.50/€1 for the first quarter, the U.S. dollar was down 13% compared to Q1 2007. This change mechanically reduced the various revenue components by 4% (-€2.3 million) and income from operations by €1 million.

Q1 2008 revenues amounted to €52 million, up 9% like-for-like compared to Q1 2007. Revenues from new systems sales (€26.6 million) increased by 16%, shipments of orders in the backlog at December 31, 2007 having made up for the weakness of orders during the quarter.

Recurring revenues (€25.3 million) increased by 4%. This slower than expected growth resulted from a rateof cancellations exceeding the statistical record, as a direct outcome of worsening macroeconomic conditions.

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search