Lectra: Sales +35% in 2022

Sales +35% in 2022

(Source: Lectra)
(Source: Lectra)

2022 was significantly marked by the war in Ukraine and its consequences. As soon as the conflict began, Lectra decided to cease its operations in Russia, by suspending the activity of its subsidiary Lectra Russia and stopping all deliveries of products or services. This war has accelerated price increases, energy shortfalls and shortages in some raw materials.
In addition, the Covid-19 epidemic in China, involving very strict lockdowns and then, following the change in strategy, a surge in contaminations late in the year, had a negative impact on business in Asia, and particularly in China.
Despite these challenges, Lectra SA, Paris/France, achieved sales of €521.9 million (+35%) in 2022 and EBITDA before non-recurring items of €98.4 million (+51%). Income from operations before non-recurring items (€68.5 million) was up 54%. This includes an €11.8 million charge for amortization of intangible assets arising from the acquisitions of Gerber, Neteven, Gemini, and of the activity of Glengo Teknoloji.
In December 2022, Lectra announced the signature of an agreement to acquire the majority of the capital and voting rights of TextileGenesis. The transaction was finalized on January 9, 2023.

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