CIMdata PLM Industry Summary Online Archive
25 October 2012
Financial News
Lectra: First Nine Months of 2012: Revenues and Income Ahead of Company Expectations
Lectra’s Board of Directors, chaired by André Harari, reviewed the unaudited consolidated financial statements for the third quarter and first nine months of 2012. (Unless stated otherwise, comparisons between 2012 and 2011 are like-for-like.)
Q3 2012: Orders for New Software Licenses and CAD/CAM Equipment Still Slowed by Persistently Weakened Economic Conditions, while Recurring Revenues Increase
Since the beginning of the year, macroeconomic conditions have not improved and have even shown signs of worsening from the second quarter onward. Against this background, purchasing decisions remained on hold in Q3, with orders for new software licenses and CAD/CAM equipment down 12% compared with Q3 2011, to €19.5 million.
Revenues (€47.9 million) were down 11% (–7% at actual exchange rates). Revenues from new systems sales (€18.9 million) were down 26% while recurring revenues (€29 million) have increased at a greater rate, from 2% in H1 to 4%, thanks to a 5% increase in revenues from recurring contracts (€17.2 million) and to a 2% increase in revenues from spare parts and consumables (€11.4 million).Income from operations (€5.4 million) was down €4.4 million (–50%) and the operating margin (11.2%) by 7.6 percentage points. At actual exchange rates, income from operations was down €3.4 million (-39%) and the operating margin decreased by 6 percentage points. Net income (€3.8 million) was down €2 million (–35%) at actual exchange rates.
To view an unabridged version of this press release, visit: http://www.lectra.com/binaries/Lectra_PressRelease_Q32012_tcm31-210137.pdf
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