LACROIX Group (LACR) Q3 2025 TU earnings summary

Executive summary

• Consolidated revenue for Q3 2025 was €107.0 million, nearly stable year-over-year at -1.4% compared to Q3 2024.

• Nine-month consolidated revenue reached €335.0 million, down 8.8% on a comparable basis, reflecting the divestment of the Road Signs segment.

• Strong growth in Environment activity offset a milder decline in Electronics, with full-year targets reaffirmed.

Financial highlights

• Q3 2025 revenue: €107.0 million vs. €108.6 million in Q3 2024 (-1.4%).

• 9M 2025 revenue: €335.0 million vs. €385.2 million in 2024 (-13.0% reported, -8.8% comparable).

• Environment activity up 19.7% in Q3 and 12.3% over nine months; Electronics down 9.2% in Q3 and 16.0% over nine months.

Outlook and guidance

• Q4 2025 expected to see continued strong Environment momentum and stable Electronics performance.

• Full-year 2025 targets: around €455 million in revenue, EBITDA margin ~7.5%, net debt/EBITDA below 3x.

• 2027 financial objectives reaffirmed as per the new strategic roadmap.