SAINT-HERBLAIN, FRANCE – Lacroix announced revenue of €191.3 million ($204.6 million) for the fourth quarter, an increase of 40% compared to the same quarter of 2021.

For the full year, the company reported revenue of €707.8 million ($757 million), up 40.1% from the €501.5 million ($536.4 million) in revenue for 2021.

The company's electronics segment reported fourth-quarter revenue of €138.7 million ($148 million), up 66.7% compared with the same period in 2021 – driven primarily by Lacroix's acquisition of Firstronic, now LACROIX Electronics North America. Momentum continued in the automotive and industry sectors, while the avionics segment is beginning to return to growth. Over the full year, Electronics revenue rose to €522.2 million ($557.1 million), up 62.5%, driven mainly by the home & building, industry and automotive sectors.

The City segment saw a 0.2% decrease in revenue for the fourth quarter, totaling €33.3 million ($35.5 million), while the Environment segment saw quarterly revenue of €19.4 million ($20.7 million), a decrease of 1.8%. For the full year, the City segment's revenue decreased by 0.7% to total €109.1 million ($116.4 million) and the Environment segment's revenue saw a 9.1% increase to total €76.4 million ($81.5 million).