Today, Lectra’s Board of Directors, chaired by André Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2017.
Detailed comparisons between 2017 and 2016 are based on 2016 exchange rates (“like-for-like”) unless stated otherwise.
Continuing Strong Growth in Orders for New Systems
Orders for new systems (€32.3 million) are up €5.7 million (+22%) compared with Q1 2016. Orders for new CAD/CAM and PLM software licenses (€4 million) increased by 24%, those for CAD/CAM equipment and accompanying software (€24.6 million) by 22%, and those for training and consulting (€3.2 million) by 25%.
Strong Growth in Income from Operations and Net Income – Exceptionally Strong Free Cash Flow
Revenues (€69.5 million) are up 10% (+12% at actual exchange rates). Revenues from new systems sales (€31.1 million) increased by 12%, recurring revenues (€38.4 million) by 7%: +7% for recurring contracts, +8% for consumables and parts.
Income from operations (€9.4 million) increased by 18% (+28% at actual exchange rates). The operating margin (13.5%) was up 0.9 percentage points (+1.7 percentage points at actual exchange rates). Net income (€6.5 million) increased €1.4 million (+27%) at actual exchange rates.
Finally, free cash flow amounted to €13.9 million (€3.8 million in Q1 2016).