LECTRA: First half 2024: increased revenues and EBITDA, due to improved Group’s fundamentals and the integration of Launchmetrics. Confirmation of 2024 objectives.
While business in H1 remained subdued, the increase in EBITDA before non-recurring items - which exceeded growth in revenues -confirms the improved fundamentals of Lectra’s business model.2024 financial objectives confirmed On February 14, the Group reported its objectives for 2024, before including the Launchmetrics acquisition (i.e., for the Lectra 2023 scope): to achieve revenues in the range of 480 to 530 million euros (+2% to +12%) and EBITDA before non-recurring items in the range of 85 to 107 million euros (+10% to +40%).
Confirmation of 2024 objectives.Revenues: 262.3 million euros (+9%)*EBITDA before non-recurring items: 42.2 million euros (+20%)* *At actual exchange rates In millions of eurosApril 1 – June 30 January 1 – June 30 2024(1)20232024(1)2023Revenues 132.7115.9262.3239.6Change at actual exchange rates (in %)15% 9% EBITDA before non-recurring items(2)21.215.642.235.3Change at actual exchange rates (in %)36% 20% EBITDA margin before non-recurring items (in % of revenues)15.9%13.4%16.1%14.7%Income from operations before non-recurring items10.48.221.720.3Change at actual exchange rates (in %)28% 7% Net income(3)4.46.611.113.9Free cash flow before non-recurring items6.37.428.316.6 (1) The 2024 amounts include Launchmetrics since January 23, 2024(2) The definition for performance indicators appears in the Management Discussion of June 30, 2024(3) In 2023, net income included the impact of non-recurring income of 2.6 million euros Paris, July 25, 2024.
BUSINESS TRENDS AND OUTLOOK In its financial report on the fourth quarter and full year 2023, published on February 14, 2024, Lectra reiterated its long-term vision, as well as the objectives of its 2023-2025 strategic roadmap and its ambitions for 2025: revenues of 600 million euros, of which 400 million euros in recurring revenues, including 90 million euros in SaaS revenues, and an EBITDA margin before non-recurring items exceeding 20%.
The story "LECTRA: First half 2024: increased revenues and EBITDA, due to improved Group’s fundamentals and the integration of Launchmetrics. Confirmation of 2024 objectives." has 1260 words across 41 sentences, which will take approximately 6 - 11 minutes for the average person to read.
Which news outlet covered this story?
The story "LECTRA: First half 2024: increased revenues and EBITDA, due to improved Group’s fundamentals and the integration of Launchmetrics. Confirmation of 2024 objectives." was covered 12 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 76 news stories per day.
It's most recent story was published 11 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
