PARIS, FRANCE – Lacroix reported 2025 revenue of €445.5 million ($483 million), down 6.5% year over year.

The electronics segment generated €304.2 million ($329 million), a decline of 13.8% compared with the prior year, reflecting slower demand across industrial, avionics and defense, and automotive markets. The downturn was driven by delayed projects, a pullback following strong defense demand, and the end of certain automotive programs.

In contrast, the company’s environment segment grew 14.4% to €141.2 million ($153 million), supported by demand in HVAC, smart grids, and water infrastructure projects, particularly in international markets.

Net income from continuing operations rose to €8.9 million ($9.6 million), but overall results remained impacted by charges tied to discontinued operations, including its exit from North American electronics activities.

Lacroix said it expects moderate revenue growth in 2026 as it stabilizes operations and continues restructuring efforts.