Lacroix reports Q3 sales of €179.7 million, up 0.9% on the same period in 2022.

On a like-for-like basis, sales rose by 0.8%.

The 3rd quarter was marked by strong momentum in the City (+16.4%) and Environment (+10.2%) activities, while Electronics recorded a slight contraction (-3.2%).

For the first 9 months of the year as a whole, Lacroix sales rose by a sustained 9.9% (+9.6% on a like-for-like basis and at constant exchange rates) to €567.4 million.

Lacroix remains confident of achieving sales in excess of 750 ME by 2023 on a like-for-like basis, i.e. an increase of at least 6%.

EBITDA is expected to be around 45 ME, compared with an initial target of over 50 ME, the difference being entirely due to the North American electronics business, impacted by the concomitance of several transitory factors.

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