CIMdata PLM Industry Summary Online Archive
12 February 2013
Financial News
Lectra: 2012 Financial Results Beat Company Expectations
Lectra’s Board of Directors, chaired by André Harari, reviewed the consolidated financial statements for the fiscal year 2012. (Unless stated otherwise, comparisons between 2012 and 2011 are like-for-like.)
Q4 2012
Growth in Orders for New Software Licenses and CAD/CAM Equipment
There was no pick-up in the economy in Q4, uncertainties actually increased. Against this difficult background, sales activity finished the year dynamically.
Orders for new software licenses and CAD/CAM equipment (€20 million, surpassing the level for the first three quarters) increased by 34% compared with Q4 2011 (when orders were affected by the accelerated deterioration of the economic environment, falling 34% compared with Q4 2010).
Results Hold up Well
Revenues (€51.1 million) are down 4% (-3% at actual exchange rates).This decline stems from a 14% fall in revenues from new systems sales to €21.2 million. This was partly offset by the confirmation of faster growth in recurring revenues (€29.9 million), rising from 2% in the first half of the year to 4% in Q3 and in Q4. Revenues from recurring contracts (€17.3 million) rose by 7% and those from spare parts and consumables (€12.1 million) by 2%.
Income from operations amounted to €5.1 million, down €3.0 million, while the operating margin decreased by 5.3 percentage points to 10%. At actual exchange rates, income from operations was down €2.5 million and the operating margin decreased by 4.5 percentage points.
Net income (€3.6 million) decreased by €1.2 million at actual exchange rates, compared with Q4 2011.
Free cash flow was positive at €5.8 million (€1.4 million in Q4 2011).
To view an unabridged version of this press release, visit: http://www.lectra.com/binaries/Lectra_PressRelease_Q4FY2012_tcm31-214314.pdf
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