LACROIX Group (LACR) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue reached €122.8 million, up 5.9% year-over-year, driven by strong Environment activity and stable Electronics performance.

• Electronics activity stabilized at €80.4 million (-0.9%), while Environment activity surged 22.0% to €42.4 million, aided by non-recurring items.

• Financial targets for 2026 and 2027 are confirmed, with expectations of moderate growth and stable profitability.

Financial highlights

• Q1 2026 consolidated revenue: €122.8 million, up from €115.9 million in Q1 2025 (+5.9%).

• Electronics revenue: €80.4 million (-0.9% year-over-year); Environment revenue: €42.4 million (+22.0% year-over-year).

• EBITDA margin target for 2026 maintained at 7.6%.

Outlook and guidance

• Moderate revenue growth expected for full-year 2026, supported by Aerospace & Defense ramp-up and Environment activity stabilization.

• 2027 targets: revenue between €475–500 million, EBITDA margin above 8%, net debt/EBITDA below 2.0x.

• Cautious outlook due to potential supply chain tensions in electronic components.