Report
Gauthier Peroueme (IDMidCaps)

Lectra - A gloomy start in 2024 after a year 2023 to forget

2 sales warnings in 2023Sharp deterioration in results, with a 22% drop in operating incomeMT targets revised downwardsQ1 2024: further organic declineEven taking into account an improvement in business momentum and an upturn in margins, we feel that the stock is already well valued, which justifies our Reduce opinion with a TP of €30 per share.
Underlying
Lectra SA

Lectra markets full-line solutions comprising the sale of software, CAD/CAM equipment and associated services (technical maintenance, support, training, consulting, sales of consumables and spare parts). Co. addresses an array of global markets, including fashion (apparel, accessories, and footwear), automotive (car seats and interiors, airbags), and furniture, as well as other industries, such as the aeronautical and marine industries. Its technology enables its customers to design, develop and manufacture their products (garments, seats, airbags, etc.). For the fashion industry, Co.'s software applications also enable the management of collections and cover the entire product lifecycle.

Provider
Degroof Petercam
Degroof Petercam

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Analysts
Gauthier Peroueme (IDMidCaps)

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