Lectra gets back on its feet in 2010
After 2 years in decline, Lectra reported a 20% growth in sales for the fiscal year of 2010, with a total turnover of 190.3 million euros. The company went from a net loss of 3.6 million euros in 2009 to a 15.6 million profit in 2010. The current operating income increased to 22.8 million euros, against a 2.8 million loss in 2009. The current operating margin even reached 12% - “a historic moment for us”, said Lectra.
Although the total number of orders still remains 30% below that of 2007, orders of software and equipment increased by 51% since 2009. Thanks to China, the Asia-Pacific region rose by 100%, followed by America (44%) and then Europe (27%).
Lectra is still aiming to go back to the sales figures it had before the financial crisis. The strategy adopted in 2009 remains the same: put emphasis on new technology, strengthen its competitiveness and customer relations on the long run, accelerate the post-crisis economic growth, increase its profitability by boosting the operational margin regularly and generate a free cash-flow superior to net profit.
“Assuming that the economic revival will continue at this rate”, the company expects sales turnover of 207 million euros in 2011 (+10%), with a net profit of 18 million euros. If by any chance sales slow down again, the turnover should be around 195 million euros (+4%), with a 7% net rise to 15 million euros.
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