Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Lectra SA is a French technology company specializing in industrial intelligence solutions for the fashion, automotive, and furniture industries, as well as other sectors using soft materials like leather, textiles, and composites. Founded in 1973 and headquartered in Paris, it designs, manufactures, and markets end-to-end integrated technologies combining software, automated cutting equipment, data analytics, and associated services such as maintenance, training, and consulting. Notable products include CAD software like Modaris for pattern design, Vector for fabric cutting, Versalis for leather processing, and SaaS platforms for product lifecycle management, collection planning, and brand performance tracking. Lectra supports Industry 4.0 transformations through cloud, IoT, big data, and AI innovations, enabling automation, material optimization, and sustainability. With around 3,000 employees, over 82 subsidiaries, and presence in more than 100 countries, it serves prestigious clients like Louis Vuitton, Hermès, and H&M, generating the majority of revenues from recurring sources outside France and playing a pivotal role in digitalizing production processes across global markets.
Operating margin is thin at 7.53%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 3.8% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 22% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€485M
▼ -3.8% YoY
Net Income (TTM)
€20M
▼ -13.6% YoY
Op. Margin
6.21%
▼ -1.8pp YoY
ROIC
6.95%
▲ +0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€55M
▼ -21.8% YoY
Op. Cash Flow (TTM)
€59M
▼ -19.7% YoY
Net Debt
€47M
Cash & Equiv.
€65M
3Y CAGR: -1.0%
3Y CAGR: +8.4%
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