Lacroix: sales growth of over 7% by 2023

(CercleFinance.com) - Lacroix reports full-year sales growth of 7.
5% (+7.2% at constant exchange rates) to 761.2 million euros, in line with its stated objective of sales in excess of 750 million.

This growth, achieved despite a demanding basis of comparison (+8.6% on a like-for-like basis in 2022), was supported by all the group's connected equipment and technology activities (Electronics, City and Environment).

Lacroix nevertheless expects to see its profitability penalized by greater-than-expected difficulties in North America. Thus, for 2023, its EBITDA target of around 45 million euros is now targeted, excluding the impact of inventory discrepancies in this zone.

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