Lectra’s Board of Directors, chaired by André Harari, reviewed the consolidated financial statements for the first half of 2012, after a limited review by the Statutory Auditors.
Mr. André Harari
Q2 2011: Orders Still Slowed by Persistently Weakened Economic Conditions Business conditions further weakened in the second quarter of 2012, and economic downturn in many developed and emerging countries.
Against this background, customers were increasingly hesitant to place new orders, with orders for new software licenses and CAD/CAM equipment down 20% compared to Q2 2011, at €17.7 million.
Sales of spare parts and consumables were down 2% at €11.2 million, reflecting a contraction in customers’ production volumes. Revenues (€51.7 million) were down 6% (–1% at actual exchange rates).
Revenues from new systems sales (€23.4 million) were down 14% while recurring revenues (€28.3 million) rose 1%.
Income from operations (€5.5 million) was down €3.1 million (–41%) and the operating margin decreased by 5.4 percentage points to 10.6%. At actual exchange rates, income from operations was down €1.9 million (-26%) and the operating margin decreased by 3.6 percentage points. Net income (€3.6 million) was down €1.5 million (–30%) at actual exchange rates.