French firm Lectra's revenues increase 35% to €521.9 mn in FY22

The company’s EBITDA margin before non-recurring items in FY22 was 18.8 per cent. Net income was up by 55 per cent to €43.8 million, Lectra said in a press release.

Free cash flow before non-recurring items in FY22 was €43.7 million, down slightly compared to 2021 due to a temporary increase in working capital requirement.

Lectra’s revenues in the fourth quarter (Q4) of FY22 were €129.9 million, an increase of 3 per cent YoY. EBITDA before non-recurring items was €23.5 million, up by 8 per cent YoY, and the EBITDA margin before non-recurring items was 18.1 per cent (up by 0.8 percentage points YoY).

Net income in Q4 FY22 was down 26 per cent to €8.4 million, compared to Q4 FY21. Free cash flow before non-recurring items came to €12.1 million (€13.9 million in Q4 FY21).

On December 8, 2022, Lectra announced the signature of an agreement to acquire the majority of the capital and voting rights of the Dutch company TextileGenesis.

Lectra has set its objectives for 2023, with revenues in the range of €522-€576 million (growth of 2-12 per cent at constant exchange rates relative to 2022) and EBITDA before non-recurring items in the range of €90-€113 million (minus 5 per cent to a growth of 20 per cent at constant exchange rates relative to 2022).

The company will continue to implement the Lectra 4.0 strategy over the next three years through a new strategic roadmap for 2023-2025.

Lectra’s ambition is to achieve, in 2025, revenues of over €700, combining both organic growth and acquisitions, and an EBITDA margin before non-recurring items of over 20 per cent. These objectives were prepared on the basis of the closing exchange rates on December 30, 2022, in particular $1.07 to the euro.

Fibre2Fashion News Desk (DP)