SAINT-HERBLAIN, FRANCE – Lacroix Group forecasts revenue of €800 million (US$952 million) by 2025, up from €441 million in 2020. The forecast represents an 81% increase over 2020, and includes possible acquisitions. For 2021, the EMS company forecasts revenue of more than €500 million.

“Since 2016, our group has been engaged in an in-depth transformation, which will have enabled it in particular to strengthen its technological expertise and be part of a solid trajectory of growth and improvement in its results,” said Vincent Bedouin, CEO, Lacroix. “Thanks to these foundations, we were able to demonstrate our resilience in the face of the unprecedented crisis that marked the year 2020. We are ready to project ourselves again into the future, driven by strong ambitions that will drive our development for the five coming years. This is the meaning of the Leadership 2025 plan, which should enable us to build an international leader in industrial IoT solutions and electronic equipment for critical applications.”

Connected installations are expected to reach nearly 31 billion units worldwide by 2025, and the group expects to double R&D expenditure to more than 5% of total revenue over the forecast period.

The company forecasts more than 70% of total activity outside France within five years, particularly in Germany and the US.

Through research and development, the firm’s development of equipment contributed more than €150 million in sales in 2019, nearly a third of total activity, compared to a quarter in 2016. From 2016 to 2019, Lacroix posted year-over-year annual growth of about 9%.

Management staff has grown more than 40% since 2016, and more than 60% of revenue has been achieved internationally, with teams established in 10 countries.

Ed.: €1 = US$1.19

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