Lectra’s Board of Directors, chaired by André Harari, reviewed the unaudited consolidated financial statements for the third quarter and first nine months of 2014. (Unless stated otherwise, comparisons between 2014 and 2013 are like-for-like).
Q3 2014: Increase in Revenues, Income from Operations and Net Income
Orders for new systems totaled €23.7 million; they were €19 million and €24.8 million respectively in Q1 and Q2 2014. They were up €0.9 million (+4%) compared with Q3 2013, the highest quarter of that year. New software licenses (€5.7 million) increased by 26%; CAD/CAM equipment (€14.7 million) decreased by 4%, while training and consulting (€2.7 million) rose by 13%. Revenues (€53.8 million) were up 6% (+6% at actual exchange rates). Revenues from new systems sales (€23.3 million) increased by €2 million (+9%), while recurring revenues (€30.5 million) rose by €0.9 million (+3%).
Income from operations (€7.3 million) is up €1 million (+17%), like-for-like. At actual exchange rates, income from operations increased by €1.2 million (+20%) and net income (€5.1 million) was up €0.8 million (+20%). Free cash flow (€2.7 million) increased by €0.8 million.
To view an unabridged version of this press release, visit: http://www.lectra.com/binaries/Lectra_PressRelease_Q3_2014_tcm31-241336.pdf
