Lectra : Slowdown in orders in Q3 2024
>Further slowdown in orders in sequential terms (flat y-o-y) - Q3 orders are disappointing and come to € 32m (vs € 41m est). The wait-and-see attitude has strengthened, particularly in Europe and the US in the pre-election context. Asia nevertheless continues to be positively oriented (+10% in Q3). Q3 revenue comes to € 131.9m (vs € 135.9m est.), up 11% y-o-y and 3% l-f-l. Recurring revenue (70% of Q3 sales) remains well oriented at +18% (6% at constant scope) while ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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