SAINT HERBLAIN, FRANCE – Lacroix reported revenue of €268.1 million ($296.7 million) for the first half of the year, down 9.1% from the first half of 2023.

The company said the decline was due to a high basis of comparison in 2023, as that period saw a strong catch-up that accompanied the normalization of electronic component supplies. Compared with the first half of 2022, electronics sales were up 8.2% in the first half of 2024.

In EMEA, sales trends were mixed for the company, with growth in the Industrial and Avionics sectors and a decline in the Automotive and HBAS (Home & Building Automation Systems) segments. Across the Atlantic, revenue declined in the first half of 2024, penalized by sluggish demand and disruptions linked to the ongoing restructuring of the business.

As a whole, the company's first-half revenue of €350.3 million ($387.7 million) marked a decrease of 7% from last year's first half.

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