Lacroix Group SA

LACROIX reported first-half 2026 revenue of €235.2m, up 3.2% year on year, with current EBITDA of €23.7m, a 10.1% margin, and positive free cash flow of €11.1m. The Group's Electronics activity generated revenue of €156.1m, down 1.1%, while the Environment activity posted revenue of €79.1m, up 12.8%, driven by a cyclical peak in the Water segment tied to Spain's PERTE programme deadline and France's 2G and 3G network shutdown. Current operating profit rose 62.4% to €17.3m and operating profit climbed 81.4% to €17.1m, while net income attributable to owners of the parent was €2.7m, compared with a net loss of €19.6m a year earlier. Net debt fell 28.6% year on year to €72m, cutting gearing to 77% from 88%. LACROIX raised its 2026 targets to revenue of more than €455m and an EBITDA margin of more than 9%, with net debt/EBITDA below 2.0x, and confirmed its 2027 targets of revenue between €475m and €500m, an EBITDA margin above 8%, and net debt/EBITDA below 2.0x.

LACROIX, a French technology and industrial group, announced that its water quality sensor sales grew fivefold between 2023 and 2025, reaching €2.5 million in annual revenue, driven by regulatory demands and public investment plans in Spain, France, and Italy. The company, which generated €445 million in total revenue in 2025, has expanded its portfolio with the SOFREL Chlorine sensor for drinking water and a multiparameter sensor for wastewater, with a second drinking water sensor planned for 2026. Growth, largely driven by Spain in 2025, is expected to slow from the second half of 2026 following the conclusion of the Spanish PERTE funding programme, but LACROIX aims to maintain strong momentum by broadening its drinking water quality monitoring solutions. CEO Vincent Bedouin emphasized the importance of comprehensive, cybersecurity-enabled solutions for real-time water management.