The Board of Directors of Lectra, chaired by André Harari reviewed the consolidated financial statements for the first half of 2007, after a limited review by the Statutory Auditors.
A Successful Launch for the New Technology Offering at the Beginning of the Year, Thanks to a EUR 50 million R&D Outlay
With a total of 200 cutting systems ordered in the first half of 2007 (of which 165 new generation Vector systems launched in early February), the company registered an increase of 33% relative to first-half 2006, demonstrating the success of this new generation across all market segments and geographies.
The major manufacturing regions of the world—such as China, the Indian subcontinent, Eastern Europe and South America—have unanimously highly praised these cutting solutions specialized in large production runs. The major contracting countries—such as the United States, Italy and Japan—meanwhile, have favored Lectra's fast, flexible cutting systems dedicated to small production runs.
Encouraging Growth in Orders for New Systems: In its February 9, 2007 press release, the company stated that first-half 2007 sales activity was likely to suffer from the product launches, which could temporarily depress orders, revenues, earnings and free cash flow.
Like the first quarter, the second quarter proved better than expected overall. Orders for new software licenses and CAD/CAM equipment were up 15% (+EUR 4.1 million) relative to Q2 2006. They included the signature, at the end of June, of an exceptional EUR 4.2 million contract for the period 2007-2010.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
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