LACROIX Group (LACR) Q2 2026 TU earnings summary

Executive summary

• First-half 2026 revenue reached €235.2 million, up 3.1% year-over-year, with Q2 revenue stable at €112.4 million (+0.3%).

• Electronics activity saw a slight decline, while Environment activity maintained strong growth, especially in the Water segment.

• The group remains confident in its full-year outlook and confirms 2027 financial targets.

Financial highlights

• H1 2026 revenue: €235.2 million vs. €228.0 million in H1 2025 (+3.1%).

• Q2 2026 revenue: €112.4 million vs. €112.1 million in Q2 2025 (+0.3%).

• Electronics H1 revenue: €156.1 million (-1.1% year-over-year); Environment H1 revenue: €79.1 million (+12.8% year-over-year).

Outlook and guidance

• Expects moderate revenue growth for full-year 2026, with gradual recovery in Electronics and stable Environment performance.

• Confirms 2027 targets: revenue €475–500 million, EBITDA margin above 8%, Net Debt/EBITDA below 2.0x.

• 2026 EBITDA margin target set at 7.6%; Net Debt/EBITDA to remain below 2.5x.