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LACROIX Group (LACR) investor relations material
LACROIX Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
EBITDA margin reached 7.6% in 2025, aligning with targets despite revenue decline from strategic exits.
Net income from continuing operations rose to €8.9m, but consolidated net income was negative due to non-cash impairments and discontinued operations.
Free Cash Flow was strongly positive at €36.6m, supporting a sharp reduction in net debt.
Major strategic refocus completed with the disposal of City-Mobility and exit from North America.
Financial highlights
2025 revenue from continuing operations was €445.5m, down 6.5% year-over-year on a like-for-like basis.
Recurring EBITDA was €34.1m (7.6% margin), slightly down from 7.9% in 2024.
Recurring operating income reached €21.1m (4.7% margin), down from 5.3% in 2024.
Net income from discontinued operations was -€56.0m, mainly due to non-cash impairments and operating losses.
Net debt reduced from €126.7m to €87.8m; leverage ratio improved to 2.6x.
Outlook and guidance
Moderate revenue growth and stable EBITDA margin expected in 2026.
2027 targets confirmed: revenue €475–500m, EBITDA margin above 8%, net debt/EBITDA below 2.0x.
Dividend suspension to be maintained for 2025 due to ongoing turnaround and economic prudence.
- Q4 growth and Environment momentum offset a full-year revenue decline; 2027 targets reaffirmed.LACR
Q4 2025 TU10 Feb 2026 - Environment growth offsets Electronics decline, keeping revenue stable and targets on track.LACR
Q3 2025 TU5 Nov 2025 - Revenue fell 17.6% to €227.9M, with a net loss of €23.2M after major disposals and impairments.LACR
H1 20251 Oct 2025 - H1 2025 revenue fell 12.3% like-for-like, with Environment offsetting Electronics weakness.LACR
H1 2025 TU24 Jul 2025 - Net loss of €16.9m and 7% revenue drop reflect divestments and restructuring.LACR
H1 202413 Jun 2025 - Electronics revenue fell while Environment grew, with annual targets reaffirmed.LACR
Q3 2024 TU13 Jun 2025 - Environment growth offsets Electronics decline as LACROIX refocuses and anticipates H2 improvement.LACR
Q2 2024 TU13 Jun 2025 - LACROIX exits North America, sharpens focus on EMEA and Environment after Q1 revenue drop.LACR
Q1 20256 Jun 2025 - 2024 revenue met targets, with Environment growth but Electronics facing headwinds.LACR
Trading Update6 Jun 2025
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