Lacroix recorded consolidated revenue of 345.6 million euros over 9 months
French industrial technology group Lacroix recorded a consolidated revenue of 345.6 million euros for the first nine months of the fiscal year ending September 30, 2026, marking a 3.2% increase from 335.0 million euros during the same period in 2025, according to financial data reported by fr.finance.yahoo.com.
Third-Quarter Revenue Rebound Across Business Segments
During the third quarter of 2026, consolidated revenue reached 110.4 million euros, representing a 3.2% year-over-year gain compared to 107.0 million euros in the third quarter of 2025. Both primary operating divisions contributed positively to this quarterly performance. The Electronics division returned to growth with a 1.2% increase to 72.9 million euros, while the Environment division expanded by 7.1% to reach 37.5 million euros, outperforming initial company expectations.
For the nine-month period ending September 30, 2026, the Electronics division stood at 229.0 million euros, showing a slight decrease of 0.4% compared to 229.9 million euros a year earlier. Conversely, the Environment division achieved double-digit growth over the same nine months, rising 10.9% to 116.6 million euros from 105.1 million euros, as detailed in reports from lesoleil.com.
Divergent Sector Performance Within Electronics
A continued downturn in the automotive market across Europe, exacerbated by the conclusion of major manufacturing programs, weighed on segment volumes. However, this contraction was largely offset by expansion in aerospace and defense, which grew by more than 20%, alongside positive developments in the Home and Building Automation Systems and industrial sectors, as noted by boursorama.com.
Infrastructure Upgrades Drive Environment Division Expansion
Growth in the Environment division was anchored primarily by the water segment. In France, equipment renewal cycles driven by the phasing out of legacy 2G and 3G cellular networks bolstered demand for connected water infrastructure. International water revenues also contributed, supported by early-year activity in Spain related to the PERTE infrastructure digitalization initiative before a high base comparison period took effect.
Other segments within the Environment division displayed mixed trajectories. Smart grids posted steady gains, whereas heating, ventilation, and air conditioning recorded a temporary pullback. Public lighting remained subdued in line with expectations for a municipal electoral year.
Financial Guidance Reaffirmed for 2026 and 2027
Following the third-quarter performance, Lacroix confirmed its full-year 2026 financial targets, which were previously adjusted upward during the half-year results announcement on September 30, 2026. The company projects full-year revenue exceeding 455 million euros, an EBITDA margin above 9%, and a net debt-to-EBITDA ratio under 2.0 times.
Looking ahead to the next fiscal cycle, management maintained its complete 2027 roadmap. Guidance for 2027 anticipates revenue exceeding a certain threshold, an EBITDA margin exceeding 8%, and a net debt-to-EBITDA ratio remaining below 2.0 times. The company plans to release its annual 2026 revenue figures on February 9, 2027, after the stock market close.