SAINT-HERBLAIN, FRANCE -- Lacroix reported 2024 revenue of €635.5 million ($686 million), an 8.6% year-over-year decline from 2024 on a like-for-like basis.

The drop was primarily due to challenges in the Electronics division, particularly in North America.

The operating loss for the year was €20.8 million ($22.5 million), down from the previous year's €8.4 million ($9.1 million), impacted by nonrecurring charges, including an €18.5 million ($19.9 million) impairment on Electronics North America.

EBITDA was €25.4 million ($27.4 million), a margin of 4%, in line with company guidance but down from 6.1% in 2023.

The company reported a consolidated net loss of €49.2 million ($53.1 million), versus to net income of €4.3 million ($4.7 million) in 2023. This was mainly due to impairments and operational struggles in the North American market.

Looking ahead to 2025, Lacroix forecasts revenue of around €600 million ($648 million) and expects EBITDA margin to exceed 4%. The company remains focused on stabilizing its North American Electronics operations while maintaining profitability in its EMEA segment.

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