World's high technology solutions provider Lectra announces fourth quarter results.
Business activity in the fourth quarter continued to be affected by a difficult economic climate.
Orders for new systems fell by approximately 12 percent relative to Q4 2004.
Lectra closed two major deals in the quarter: the first was with Mango, for 800 licenses of Lectra's new Product Lifecycle Management (PLM) solution; the second was a EUR 5 million contract with Johnson Controls Inc, for Lectra's VectorAuto MP9 automated cutting systems (see January 3 and February 9, 2006 press releases).
Revenues were again squeezed by weak new systems sales, which fell by EUR 7.9 million (-21 percent).
The amount of orders for new systems being greater than revenues invoiced, the backlog of orders for new systems totalled EUR 15.6 million at December 31, 2005, up EUR 3.8 million, like-for-like, compared to the backlog at December 31, 2004.
With a staff of 1,500, Lectra is number one worldwide in software and CAD/CAM equipment dedicated to industrial markets, including fashion and apparel; luggage & leather goods; footwear; furniture & furnishings; and the automotive, aerospace, and marine industries.
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