;
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: Kai Pilger from Pexels

Textiles | On 11th Dec 2018

India's textile-apparel exports fell slightly in H1 FY19

India’s overall textile and apparel exports in H1 FY19 stood at $18.4 ...

Courtesy: Alizilla

Textiles | On 11th Dec 2018

Belgium, Alibaba promote inclusive global trade under eWTP

The Belgian Government and China’s Alibaba Group recently announced...

Vietnamese garment firms plan to boost exports to Canada

Apparel/Garments | On 11th Dec 2018

Vietnamese garment firms plan to boost exports to Canada

As Vietnam is yet to sign a free trade agreement with Canada, so the...

Interviews View All

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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


December 2018

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

news category


Related Categories:

Advanced Search