Earnings release
Page 1
LACROIX Revenue up by 31.7 % in the first half , confirming LACROIX's growth compared to its pre - crisis levels Revenue objective for 2021 confirmed despite persisting supply pressure PRESS RELEASE 26/08/2021 LACROIX confirms surpassing of pre - crisis levels In the second quarter of 2021 , LACROIX revenue was € 127.2 million , up 58.7 % compared with the same period in 2020 , thereby recording a fourth consecutive quarter of growth in its business . While this performance is mainly driven by a favourable base effect ( as a reminder , the comparable April to June 2020 period was largely marked by the health crisis with a fall in revenue of 36.1 % ) , it does confirm the return of LACROIX to growth activity levels compared to the pre - crisis period , i.e. + 1.5 % compared to the same period in 2019 . In total for the first half of 2021 , Group revenue increased by 31.7 % to € 254.8million . This figure represents activity 2.8 % higher than the level recorded over the same period in 2019 , before the health crisis . Revenue in millions of euros Q2 2021 Apr - June 2020 Change H1 2021 Jan - June 2020 Change LACROIX Electronics 81.2 45.1 + 79.9 % 167.8 121.1 + 38.6 % LACROIX City 28.9 20.5 + 40.8 % 52.6 42.3 + 24.6 % LACROIX Environment 17.2 14.5 + 18.3 % 34.4 30.2 + 13.8 % Total LACROIX Group 127.2 80.1 + 58.7 % 254.8 193.5 + 31.7 % Note : Due to the change in the closing date , the period from April to June 2020 corresponds to the third quarter of the 2019/2020 fiscal year . Electronics Activity The Group's primary activity , Electronics , posted revenue of € 81.2 million in the second quarter of 2021 , up 79.9 % , due to a strong base effect in 2020 , continuing softness in aeronautics in 2021 , and procurement tensions in particular generating price increases passed on to customers . Taking 2019 as a baseline , the Electronics activity nevertheless returned to growth over the quarter with an increase of 2.4 % . During the first six months of the year , revenue from the Electronics activity reached € 167.8 million , an increase of 38.6 % compared to 2020 , and 0.8 % compared to 2019 . Contacts LACROIX COO & Executive Vice - President Finance Nicolas Bedouin info@lacroix-group.com Tel .: +33 ( 0 ) 2 72 25 68 80 ACTIFIN Press Relations Jennifer Jullia jjullia@actifin.fr Tel .: +33 ( 0 ) 1 56 88 11 19 ACTIFIN Financial Communication Simon Derbanne sderbanne@actifin.fr Tel .: +33 ( 0 ) 1 56 88 11 14