SAINT-HERBLAIN, FRANCE – Lacroix reported €494.3 million in annual revenue for its Electronics segment, down 12.1% from 2023's total.

As a whole, the company's €761.2 million in revenue marked a 12.4% decrease from the previous year.

For the fourth quarter, the company's Electronics activity's revenue came in at €111.5 million, down 18.1% from its 2023 level. In EMEA, the fall in sales over the period (-17.6%) was primarily due to the further decline in the Automotive sector; among the other segments, Aerospace continued its very positive momentum, the HBAS (Home & Building Automation Systems) division was stable, and Industrial segment slowed down, the company said.

On the other side of the Atlantic, Lacroix said sales were also down significantly in the fourth quarter of 2024 (-19.1%), a period marked by a further deterioration in the US automotive market, combined with difficulties specific to certain customers who make a significant contribution to sales. At the same time, the restructuring initiated in the second half of 2023 – and still underway – is penalizing Electronics North America's business. The first positive effects of this restructuring are still expected from 2025 onwards.