Weakened market affects Q2 results at Lectra
02/08/2012
France-based leather industry technology provider has posted
lower sales and earnings for the second quarter of 2012.
Business
conditions further weakened in the second quarter of 2012 and customers were
increasingly hesitant to place new orders. Orders for new software licenses and
CAD/CAM equipment were down 20% compared with Q2 2011 at EUR17.7 million.
Sales
of spare parts and consumables were down 2% at EUR11.2 million, reflecting a
contraction in customers’ production volumes. At EUR51.7 million, revenues were
down 6%.
Revenues
from new systems sales, at EUR23.4 million, were down 14%, while recurring
revenues (EUR28.3 million) rose 1%.
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