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    LACR   FR0000066607

LACROIX GROUP

(LACR)
  Report
Real-time Euronext Paris  -  11:29 2022-07-05 am EDT
31.30 EUR   -0.32%
05/09LACROIX reports first quarter results in line with forecasts, with 29.4% growth in revenue driven by the acquisition of Firstronic.
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05/09LACROIX Group SA Reports Revenue Results for the First Quarter of 2022
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05/09LACROIX GROUP : 1st quarter earnings
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LACROIX Group SA and Bpifrance completed the acquisition of 75.5% interest in Firstronic, LLC.

01/10/2022 EDT

LACROIX Group SA (ENXTPA:LACR) and Bpifrance agreed to acquire 75.5% interest in Firstronic, LLC on December 16, 2021. As mentioned above, the current management team will remain fully committed in the new organization: John Sammut, present since 2011, will remain CEO of FIRSTRONIC and will retain 4% of share capital in it, while Jochen Lipp, COO since 2013, will take an equity stake in FIRSTRONIC of 3%. LACROIX, which already has a 12.5% shareholding, will rise its equity stake in FIRSTRONIC to 62% at the end of the operation. As part of the agreement, co-investing alongside LACROIX, Bpifrance will take a 26% stake in FIRSTRONIC through its International Build-Up Fund Beyond the identified commercial and industrial synergies, and economies of scale, which were behind the initial acquisition of a stake in 2017, incorporating FIRSTRONIC should immediately prove accretive within the upcoming financial year, especially in terms of EBITDA margin. Jack Calderon, Géraud Estrangin, Chaim Lubin, Robert Satow and Andrew Ortega of Lincoln International LLC acted as financial advisors to Firstronic, LLC. LACROIX Group SA (ENXTPA:LACR) and Bpifrance completed the acquisition of 75.5% interest in Firstronic, LLC on January 10, 2022.


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All news about LACROIX GROUP
05/09LACROIX reports first quarter results in line with forecasts, with 29.4% growth in reve..
GL
05/09LACROIX Group SA Reports Revenue Results for the First Quarter of 2022
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05/09LACROIX GROUP : 1st quarter earnings
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03/23LACROIX : Press Release – Full-year Results 2021
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03/23LACROIX GROUP : 2021 Historical revenue of over €500m. Great improvement on results.
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03/23LACROIX Group SA Reports Earnings Results for the Full Year Ended December 31, 2021
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03/23LACROIX Group SA Proposes Dividend for the Year 2021
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03/23LACROIX GROUP : Annual results
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02/14LACROIX's Revenue Has Exceeded €500 Million for the First Time in Its History and Has H..
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02/14LACROIX Group SA Reports Revenue Results for the Fourth Quarter and Full Year of 2021
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Financials
Sales 2022 668 M 697 M 697 M
Net income 2022 16,3 M 17,0 M 17,0 M
Net Debt 2022 124 M 130 M 130 M
P/E ratio 2022 9,16x
Yield 2022 3,28%
Capitalization 147 M 153 M 153 M
EV / Sales 2022 0,41x
EV / Sales 2023 0,36x
Nbr of Employees 3 874
Free-Float 42,1%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 31,40 €
Average target price 50,55 €
Spread / Average Target 61,0%
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Managers and Directors
Vincent Bedouin Chairman & Chief Executive Officer
Nicolas Bedouin VP-Finance, Director & Deputy CEO
Goulard Loïc Executive VP-Information Systems
Stéphane Henry Executive Vice President-Research & Development
Valérie Valais Executive VP-Legal & Compliance
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