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19.02.2024

Lectra: Financial statements for 2023

  • Revenues: 477.6 million euros (-6%)
  • EBITDA before non-recurring items: 79.0 million euros (-15%)
  • Net income: 32.6 million euros (-26%)
  • Free cash flow before non-recurring items: 45.3 million euros
  • Dividend: €0.36 per share

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2023. Audit procedures have been performed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 3.9 million euros (-3%) and 1.7 million euros (-8%) respectively in Q4, and by 11.2 million euros (-2%) and 4.8 million euros (-6%) respectively in the year, at actual exchange rates compared to like-for-like figures.

  • Revenues: 477.6 million euros (-6%)
  • EBITDA before non-recurring items: 79.0 million euros (-15%)
  • Net income: 32.6 million euros (-26%)
  • Free cash flow before non-recurring items: 45.3 million euros
  • Dividend: €0.36 per share

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2023. Audit procedures have been performed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 3.9 million euros (-3%) and 1.7 million euros (-8%) respectively in Q4, and by 11.2 million euros (-2%) and 4.8 million euros (-6%) respectively in the year, at actual exchange rates compared to like-for-like figures.

OUTLOOK
While the 2023 full-year results were affected by the adverse environment, they also attest to the substantial improvement in the fundamentals of the Group's business model, which will have a positive impact on 2024 results. Persistent macroeconomic and geopolitical uncertainties could nevertheless continue to weigh on investment decisions by the Group's customers.

While the most recent indicators seem to suggest that the situation is unlikely to deteriorate further, the timing and magnitude of a rebound in new system orders remain uncertain.

Outlook for 2024
To facilitate analysis, the accounts of Lectra excluding the Launchmetrics acquisition ("Lectra 2023 Scope") will be analysed separately from the Launchmetrics accounts in 2024.

The Group has based its 2024 objectives on the exchange rates in effect on December 29, 2023, in particular $1.10/€1. When converting 2023 results using the exchange rates retained for 2024, 2023 revenues are mechanically reduced by 4.7 million euros (to 472.9 million euros) and 2023 EBITDA before non-recurring items is reduced by 2.2 million euros (to 76.8 million euros). Thus, for the Lectra 2023 Scope, the comparisons between 2024 and 2023 printed below are based on constant exchange rates.

At this early stage of 2024, continuing low visibility regarding orders and revenues from new systems makes it impossible to predict the actual timing and scale of the future rebound in this area. On the other hand, visibility is high for recurring revenues, which accounted for 68% of total revenues in 2023 and will continue to grow in 2024.

In light of the above, Lectra has set as its objective for 2024, for the Lectra 2023 Scope, to achieve revenues in the range of 480 to 530 million euros (+2% to +12%) and EBITDA before non-recurring items in the range of 85 to 107 million euros (+10% to +40%).

The low end of the revenues range is based on the absence of a rebound in new systems orders, which would remain stable in 2024 relative to 2023, with a 6% decline in revenues from perpetual software licenses, equipment and accompanying software and non-recurring services, as the order backlog was lower on December 31, 2023 than a year before.

The high end of the revenues range reflects a gradual rebound in new systems orders, which at year-end 2024 would be back to year-end 2022 level.
 
In addition, Launchmetrics revenues (for the consolidation period from January 23 to December 31) are projected to be in the range of 42 to 46 million euros, with an EBITDA margin before non-recurring items of more than 15% (assuming an exchange rate of $1.10/€1).

03.11.2023

Lectra: Financial statements for first nine months of 2023

  • Revenues: 358.3 million euros (-7%)
  • EBITDA before non-recurring items: 59.2 million euros (-17%)
  • Net income: 24.9 million euros (-30%)
  • Free cash flow before non-recurring items: 32.1 million euros
  • 2023 outlook: revised revenues – confirmation of EBITDA before non-recurring items

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2023, which have not been reviewed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 6.4 million euros (-5%) and 2.8 million euros (-10%) respectively in Q3, and by 7.3 million euros (-2%) and 3.0 million euros (-5%) respectively in the first nine months of the year, at actual exchange rates compared to like-for-like figures.

  • Revenues: 358.3 million euros (-7%)
  • EBITDA before non-recurring items: 59.2 million euros (-17%)
  • Net income: 24.9 million euros (-30%)
  • Free cash flow before non-recurring items: 32.1 million euros
  • 2023 outlook: revised revenues – confirmation of EBITDA before non-recurring items

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2023, which have not been reviewed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 6.4 million euros (-5%) and 2.8 million euros (-10%) respectively in Q3, and by 7.3 million euros (-2%) and 3.0 million euros (-5%) respectively in the first nine months of the year, at actual exchange rates compared to like-for-like figures.

Business Trends and Outlook
In its 2022 Financial Report, published February 8, 2023, Lectra presented its new roadmap for 2023-2025. The Group also specified that 2023 remained unpredictable given the degraded macroeconomic and geopolitical environment, which resulted in many uncertainties that could continue to weigh on its customers’ investment decisions.

At the beginning of the year, the Group set itself objectives of achieving, in 2023, revenues in the range of 522 to 576 million euros and EBITDA before non-recurring items in the range of 90 to 113 million euros. It subsequently reported on April 27 that it then anticipated revenues in the range of 485 to 525 million euros and EBITDA before non-recurring items in the range of 78 to 95 million euros.

In what continues to be a highly degraded environment in macroeconomic and geopolitical terms, orders and revenues from new systems in Q3 were lower than anticipated by the Group. Recurring revenues, on the other hand, which should account for over 65% of total revenues in 2023, continued to grow in Q3, and provide good visibility. In addition, the initial measures to reduce overhead costs have begun to bear fruit.

In light of these factors, full-year revenues are now anticipated in the range of 474 to 481 million euros, thus slightly lower than anticipated on April 27, and EBITDA before non-recurring items in the range of 78 to 82 million euros, in the lower part of the range indicated on April 27. These scenarios are based on September 30 exchange rates for Q4, including $1.06 to the euro.

Because the Group's customers operate in a highly competitive environment that demands they continue to improve performance, their investments will pick up as soon as the macroeconomic situation improves. Lectra's roadmap for 2023-2025, which was launched on January 1, 2023, will enable the Group to take full advantage of the upturn and accelerate its growth.

28.07.2023

Lectra: Financial statements for the first half of 2023

  • Revenues: 239.6 million euros (-4%)*
  • EBITDA before non-recurring items: 35.3 million euros (-21%)*
  • Net income: 13.9 million euros (-31%)
  • Free cash flow before non-recurring items: 16.6 million euros (+13%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2023, which have been subject to a limited review by the Statutory Auditors.

Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis (see press release dated December 8, 2022) on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

  • Revenues: 239.6 million euros (-4%)*
  • EBITDA before non-recurring items: 35.3 million euros (-21%)*
  • Net income: 13.9 million euros (-31%)
  • Free cash flow before non-recurring items: 16.6 million euros (+13%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2023, which have been subject to a limited review by the Statutory Auditors.

Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis (see press release dated December 8, 2022) on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

Business Trends and Outlook
In its 2022 Annual Financial Report, published February 8, 2023, Lectra presented its new roadmap for 2023-2025. The Group also specified that 2023 remained unpredictable given the degraded macroeconomic and geopolitical environment, which lead to numerous uncertainties that could continue to weigh upon the investment decisions of its customers.

At the beginning of the year, the Group had set itself objectives of achieving, in 2023, revenues in the range of 522 to 576 million euros and EBITDA before non-recurring items in the range of 90 to 113 million euros.

Given the delay in orders for new systems in the first quarter, and poor visibility on new systems orders for subsequent quarters, the Group reported on April 27 that it now anticipated revenues in the range of 485 to 525 million euros (-5% to +3% at constant exchange rates relative to 2022) and EBITDA before non-recurring items in the range of 78 to 95 million euros (-15% to +3% at constant exchange rates relative to 2022). The Group also noted that despite limited visibility regarding new systems orders over the next few quarters, there is strong visibility regarding recurring revenues, which should enjoy substantial growth and account for 65% of total revenues in 2023. These revised scenarios had been prepared on the basis of the closing exchange rates on April 27, 2023, for the remaining nine months of the year, and particularly $1.10/€1.

The results of the second quarter support these revised objectives.

A 1-cent appreciation of the euro against the U.S. dollar in the second half of the year (at an exchange rate of $1.10/€1) would mechanically decrease revenues by approximately 1.0 million euros and EBITDA before non-recurring items by 0.45 million euros. On the contrary, a 1-cent fall in the euro against the dollar would mechanically raise revenues and EBITDA before non-recurring items by the same amounts.

Because the Group's customers operate in a highly competitive environment that demands they continue to improve performance, their investments will pick up as soon as the macroeconomic situation improves. Lectra's roadmap for 2023-2025, which was launched on January 1, 2023, will enable the Group to take full advantage of the upturn and accelerate its growth.

03.05.2023

Lectra: Financial statements for Q1 2023

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

08.12.2022

Lectra to acquire 51% of TextileGenesis

  • Lectra extends its software offer to material traceability

Lectra announces the signature of an agreement to acquire 51% of the capital and voting rights of the Dutch company TextileGenesis. As a major player in the fashion, automotive, and furniture markets, Lectra contributes with boldness and passion to the Industry 4.0 revolution by providing software, equipment, data, and services to brands, manufacturers, and retailers.

Founded in 2018, TextileGenesis provides a Software as a Service (SaaS) platform that enables fashion brands and sustainable textile manufacturers to ensure a reliable, secure and fully digital mapping of their textiles, from the fiber to the consumer, and thereby guarantee their authenticity and origins. This solution ensures the traceability of TextileGenesis’ customers' entire sustainable textile supply chain in order to meet the demands for transparency, driven by changes in legislation in a growing number of countries and by growing consumer awareness, thereby encouraging sustainable development.  

  • Lectra extends its software offer to material traceability

Lectra announces the signature of an agreement to acquire 51% of the capital and voting rights of the Dutch company TextileGenesis. As a major player in the fashion, automotive, and furniture markets, Lectra contributes with boldness and passion to the Industry 4.0 revolution by providing software, equipment, data, and services to brands, manufacturers, and retailers.

Founded in 2018, TextileGenesis provides a Software as a Service (SaaS) platform that enables fashion brands and sustainable textile manufacturers to ensure a reliable, secure and fully digital mapping of their textiles, from the fiber to the consumer, and thereby guarantee their authenticity and origins. This solution ensures the traceability of TextileGenesis’ customers' entire sustainable textile supply chain in order to meet the demands for transparency, driven by changes in legislation in a growing number of countries and by growing consumer awareness, thereby encouraging sustainable development.  

Its innovative traceability mechanism, which addresses both ends of the textile value chain, as well as its network of partners for material certification, and its technology platform guarantee the exchange and tracking of reliable and secure data throughout a material's life cycle.

Several of the world's most prestigious fashion brands as well as leading sustainable fiber producers are already convinced of the value of TextileGenesis' innovative offer, which enables the connection of multiple actors of the sustainable fashion ecosystem on this platform.

At the beginning of January, Lectra will acquire 51% of TextileGenesis for 15.2 million euros. The acquisition of the remaining share capital and voting rights is expected to take place in two stages, in 2026 and 2028, for an amount that will be calculated based on a multiple of the 2025 and 2027 recurring revenues.

28.07.2022

Lectra: Financial statements for the first half of 2022

  • Revenues: 250.8 million euros (+71%)
  • EBITDA before non-recurring items: 45.2 million euros (+95%)
  • Net income: 20.2 million euros (multiplied by 2.3)
  • Free cash flow before non-recurring items: 14.7 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2022, which have been subject to a limited review by the Statutory Auditors.

To facilitate analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

  • Revenues: 250.8 million euros (+71%)
  • EBITDA before non-recurring items: 45.2 million euros (+95%)
  • Net income: 20.2 million euros (multiplied by 2.3)
  • Free cash flow before non-recurring items: 14.7 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2022, which have been subject to a limited review by the Statutory Auditors.

To facilitate analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

06.09.2021

Lectra announces the acquisition of Gemini CAD Systems

Lectra announces the signature of an agreement to acquire the entire capital and voting rights of the Romanian company Gemini CAD Systems. A major global player in the fashion, automotive, and furniture markets, Lectra designs and produces industrial intelligence solutions – software, hardware, data and services – for brands, manufacturers and retailers.
The acquisition is in line with Lectra’s strategy of developing its presence in the fashion market, enriching its value proposition and fashion software portfolio.

Founded in 2004, Gemini CAD Systems (Gemini) has developed several innovative software solutions, essentially Computer Aided Design (CAD), for small and medium-sized fashion companies. Thanks to its network of partners, Gemini is present in over 60 countries.

The transaction concerns the acquisition of 60% of Gemini right now for 7.6 million euros. The acquisition of the remaining capital and voting rights will take place in two steps, in September 2024 and September 2026. The total consideration for the acquisition of 100% of Gemini’s capital will depend on Gemini’s revenue growth, and should be comprised of between 13 and 20 million euros.

Lectra announces the signature of an agreement to acquire the entire capital and voting rights of the Romanian company Gemini CAD Systems. A major global player in the fashion, automotive, and furniture markets, Lectra designs and produces industrial intelligence solutions – software, hardware, data and services – for brands, manufacturers and retailers.
The acquisition is in line with Lectra’s strategy of developing its presence in the fashion market, enriching its value proposition and fashion software portfolio.

Founded in 2004, Gemini CAD Systems (Gemini) has developed several innovative software solutions, essentially Computer Aided Design (CAD), for small and medium-sized fashion companies. Thanks to its network of partners, Gemini is present in over 60 countries.

The transaction concerns the acquisition of 60% of Gemini right now for 7.6 million euros. The acquisition of the remaining capital and voting rights will take place in two steps, in September 2024 and September 2026. The total consideration for the acquisition of 100% of Gemini’s capital will depend on Gemini’s revenue growth, and should be comprised of between 13 and 20 million euros.

Source:

Lectra

Céline Abecassis-Moedas (c) Lectra
Céline Abecassis-Moedas
04.05.2021

Céline Abecassis-Moedas joins Lectra’s Board of Directors

At Lectra’s Extraordinary Shareholders’ Meeting held on April 30, members voted to appoint Céline Abecassis-Moedas as a new independent director. Nominated for a period of four years, she becomes a member of the Audit Committee, the Compensation Committee and the Strategic Committee.

The appointment of Céline Abecassis-Moedas to Lectra's Board of Directors will notably strengthen the Strategic Committee, which will be called upon to examine an increasing number of investment projects in innovative companies and the continued development of our offers for Industry 4.0.

Céline Abecassis-Moedas will also draw upon her international experience as an independent director, through positions held for nearly ten years at four companies in Spain and Portugal: Europac (Papeles y Cartones de Europa) from 2012 to 2019, CTT (CTT Correios de Portugal) from 2016 to 2020, CUF since 2016, and Vista Alegre Atlantis since 2020.

At Lectra’s Extraordinary Shareholders’ Meeting held on April 30, members voted to appoint Céline Abecassis-Moedas as a new independent director. Nominated for a period of four years, she becomes a member of the Audit Committee, the Compensation Committee and the Strategic Committee.

The appointment of Céline Abecassis-Moedas to Lectra's Board of Directors will notably strengthen the Strategic Committee, which will be called upon to examine an increasing number of investment projects in innovative companies and the continued development of our offers for Industry 4.0.

Céline Abecassis-Moedas will also draw upon her international experience as an independent director, through positions held for nearly ten years at four companies in Spain and Portugal: Europac (Papeles y Cartones de Europa) from 2012 to 2019, CTT (CTT Correios de Portugal) from 2016 to 2020, CUF since 2016, and Vista Alegre Atlantis since 2020.

Céline Abecassis-Moedas, 49, is now Dean for Executive Education and Associate Professor at Católica-Lisbon. She began her career in research at France Telecom R&D, before joining Lectra in New York as an e-business product manager in 1999, then AT Kearney in London as a consultant in 2000. From 2002 to 2005, she was Lecturer in Strategy at Queen Mary University of London, then joined Católica-Lisbon University as Assistant Professor in Strategic and Innovation Management.

From 2014 to 2020, Céline Abecassis-Moedas was also Affiliate Professor at ESCP and co-scientific director of the Lectra-ESCP Chair's "Fashion and Technology".

Céline Abecassis-Moedas is a graduate of the École Normale Supérieure de Cachan, of the Université Paris Dauphine (DEA in Scientific management methods), holder of a Ph.D. in Management from the École Polytechnique and holder of the INSEAD Certificate in Corporate Governance obtained in 2017.

Source:

Lectra

(c) Lectra
16.05.2019

Lectra wins Texprocess Innovation Award 2019

Lectra has been awarded by a jury of experts the Texprocess Innovation Award 2019 in the New Process category for its latest ground-breaking offer, Fashion On Demand by Lectra.

Fashion On Demand by Lectra automates the entire personalization process, from order reception and product development to the final cutting stages. Resulting from a four-year research-and-development process, the digital solution for on-demand production was developed based on Industry 4.0 principles.

"We are very proud to receive this prestigious award at Texprocess, the biggest international event for all fashion players. Fashion On Demand by Lectra allows companies to produce personalized clothing at the same speed as ready-to-wear and avoid overstocking by producing in precise quantities,” states Holger Max-Lang, President, Northern & Eastern Europe, Middle East, Lectra.

Lectra has been awarded by a jury of experts the Texprocess Innovation Award 2019 in the New Process category for its latest ground-breaking offer, Fashion On Demand by Lectra.

Fashion On Demand by Lectra automates the entire personalization process, from order reception and product development to the final cutting stages. Resulting from a four-year research-and-development process, the digital solution for on-demand production was developed based on Industry 4.0 principles.

"We are very proud to receive this prestigious award at Texprocess, the biggest international event for all fashion players. Fashion On Demand by Lectra allows companies to produce personalized clothing at the same speed as ready-to-wear and avoid overstocking by producing in precise quantities,” states Holger Max-Lang, President, Northern & Eastern Europe, Middle East, Lectra.

Fashion On Demand by Lectra is available in the form of two packages, one dedicated to made to measure, with pattern adjustments, and the other to customization, with product characteristic alterations. This turnkey solution automates on-demand production right from order reception to production development stages and the cutting room. Companies can define their desired product personalization criteria for each item depending on the package, and launch production processes right from the get-go, without interfering with their standard workflows.

"This innovative cloud-based platform solution ensures efficient made-to-measure and customization production processes and facilitates nearshoring for companies that offer individualized products. This technology is up and running and can be used by the fashion industry on a plug-and-play basis," say the jury experts. “Since 2011, the Texprocess Innovation Award has been honoring remarkable achievements and new developments in the Texprocess product range under two categories: new technology and new process. The winners are selected based on criteria such as degree of innovation, choice of materials and environmental sustainability."

(c) Lectra
07.02.2019

Lectra appoints Gianluca Croci Managing Director of Lectra France

Gianluca Croci's priority will be to support Lectra's French customers in their transformation towards Industry 4.0
Lectra announces the appointment of Gianluca Croci as Managing Director, Lectra France. Based in Paris, Gianluca Croci reports to Fabio Canali, President, Southern Europe & North Africa.

Gianluca Croci has more than 20 years of experience in the fashion industry. He began his career in 1998 in the department store chain La Rinascente before joining the Giorgio Armani group in 2002, where he managed, from 2006 to 2015, the Belgian and French subsidiaries. Gianluca Croci later held management positions for major fashion and luxury brands, such as Roberto Cavalli and Marcolin, and was recently the Sales & Marketing Director for Technogym France, a designer of sports equipment.

Gianluca Croci's priority will be to support Lectra's French customers in their transformation towards Industry 4.0
Lectra announces the appointment of Gianluca Croci as Managing Director, Lectra France. Based in Paris, Gianluca Croci reports to Fabio Canali, President, Southern Europe & North Africa.

Gianluca Croci has more than 20 years of experience in the fashion industry. He began his career in 1998 in the department store chain La Rinascente before joining the Giorgio Armani group in 2002, where he managed, from 2006 to 2015, the Belgian and French subsidiaries. Gianluca Croci later held management positions for major fashion and luxury brands, such as Roberto Cavalli and Marcolin, and was recently the Sales & Marketing Director for Technogym France, a designer of sports equipment.

Gianluca Croci will fulfil Lectra's promise to fashion companies in France: to facilitate the digitalization of their know-how in order to empower them to make a successful transition to Industry 4.0. This ambition is being realized by the 2018 launch of the revolutionary solution, Fashion On Demand by Lectra, which enables fashion companies to customize a garment or make it to measure. This end-to-end personalization offer—the first of its kind—complements a portfolio that is known to solve the pressing challenges confronting the fashion industry. The latest, Kubix Link, developed by Kubix Lab, a start-up acquired by Lectra in January 2018, is an innovative platform for managing product information.

"France is known worldwide for being a leader in fashion and technological innovation. It is a country where brands, retailers and manufacturers have already begun their transformation towards Industry 4.0. I am proud to support our customers’ pursuit of greater connectivity and collaboration in their operations, as well as in assisting them to make the shift to personalization," says Gianluca Croci.
Gianluca Croci and his teams are committed to providing their French customers with the high level of expertise and service that characterizes Lectra's value proposition.
Gianluca Croci's efforts are also tied to the dynamic activities of Lectra Southern Europe & North Africa. There are many synergies in the region’s fashion industry, ranging from the sharing of expertise between French and Italian companies to the integration into their ecosystem of the Moroccan and Tunisian subcontractors.

"Our regional organization enables us to be closer to our customers’ challenges and to provide them with the support they need to achieve their ongoing targets. Gianluca Croci will lead the French teams and contribute to the region's growth," says Fabio Canali. "His extensive experience with major Italian and French companies brings new energy to the development of Lectra France.”
Gianluca Croci is a graduate of the European Institute of Business Administration (INSEAD), Fontainebleau (France), and the Catholic University of the Sacred Heart, Milan (Italy).

29.05.2018

Lectra unlocks the real value of automotive manufacturing data

Business networking event on the future of leather interiors

Lectra, the technological partner for companies using fabrics and leather, welcomed guests from all areas of the automotive leather supply chain at its International Advanced Technology Center (IATC) in Bordeaux-Cestas, France, for two action-packed days of demonstrations, workshops and talks by industry experts during the fourth annual “Go Digital” automotive leather event.
Building on the previous editions’ themes of digitalization of manufacturing processes and the adoption of Industry 4.0 principles, this year’s presentations focused on the value creation enabled by leveraging manufacturing data. A showcase for the innovative applications Lectra is developing based on Industry 4.0 principles, the company’s trade gathering demonstrated how disruptive new technologies are enhancing the onboard experience while reorganizing the automotive interiors supply chain.

Business networking event on the future of leather interiors

Lectra, the technological partner for companies using fabrics and leather, welcomed guests from all areas of the automotive leather supply chain at its International Advanced Technology Center (IATC) in Bordeaux-Cestas, France, for two action-packed days of demonstrations, workshops and talks by industry experts during the fourth annual “Go Digital” automotive leather event.
Building on the previous editions’ themes of digitalization of manufacturing processes and the adoption of Industry 4.0 principles, this year’s presentations focused on the value creation enabled by leveraging manufacturing data. A showcase for the innovative applications Lectra is developing based on Industry 4.0 principles, the company’s trade gathering demonstrated how disruptive new technologies are enhancing the onboard experience while reorganizing the automotive interiors supply chain.

Several guest speakers provided insight into the ways industry megatrends are impacting the automotive cockpit of the future. As motorized vehicles become increasingly autonomous, connected and electrified, cementing their place in the shared mobility landscape, suppliers must now devise new strategies to achieve profitable growth. Traditional business models are losing ground to cross-functional collaboration partnerships, making it even more challenging to compete in the fast-moving connected, shared economy.
“It is disruptive for the entire automotive supply chain,” remarks Nathalie Saint Martin, Vice President, Group Purchasing, Faurecia. “We are all learning to evolve together and enhance the added value to our end-customers. The level of collaboration we are now seeing among suppliers is unprecedented.”

Other keynote speeches included market research consultancy Frost & Sullivan’s analysis of automotive trends in the data-driven economy, Testing, Inspection and Certification (TIC) specialist Bureau Veritas’ vision of data protection for automotive and a presentation of industry insights firm WardsAuto’s selection of top 10 best vehicle interiors of 2018.
The event enables a diverse array of supply chain players in automotive interiors to gather with their peers. "Events like this one are a great opportunity to talk face-to-face with other suppliers about industry-wide challenges,” notes Claus Lattner, Director Engineering, Process Management, CoC Cut Sew Wrap Global, Yanfeng Automotive Interiors. “It is not often we find ourselves in the same room to talk about consumer perception and the sustainability of leather, for instance."

“The event provided a great opportunity to interact with suppliers who have a direct impact on innovation in interior design and manufacturing,” said John Sousanis, Managing Director of Wards Intelligence.
For Javier Garcia, Senior Vice-President, Automotive Sales, Lectra, bringing together the automotive leather community is especially important as it rises to new business challenges stemming from continually changing consumer habits and the digitalization of manufacturing processes. “Connectivity and occupant comfort are increasing the amount of high-tech content in automotive interiors, but the up-market appeal of leather makes it a constant,” states Javier Garcia. “By fostering exchange, Lectra is doing its part to help the automotive leather ecosystem evolve to meet new consumer expectations.”

Lectra’s Cloud Applications take the Fashion World by Storm (c) Lectra
Lectra Cloud Application
18.04.2018

Lectra’s Cloud Applications take the Fashion World by Storm

  • Product development and production teams are on cloud nine, thanks to Lectra’s all-new Quick Estimate and Quick Nest apps

Paris – Lectra, the technological partner for companies using fabrics and leather releases its first of a series of cloud-based applications conceptualized for product development and production teams. Quick Estimate and Quick Nest will be launched in France and Italy and will then become available progressively in other countries.

As part of Lectra’s Industry 4.0 strategy, Lectra collaborated with its leading, digitally-attuned customers to develop apps that empower decision-makers to respond in an instant. Quick Estimate revs up product development efficiency and is instrumental to managing costs. Quick Nest provides easy access to automatic marker making and capitalizes on cloud technology to handle heavy volumes of calculations in parallel, maximizing productivity and marker efficiency.

  • Product development and production teams are on cloud nine, thanks to Lectra’s all-new Quick Estimate and Quick Nest apps

Paris – Lectra, the technological partner for companies using fabrics and leather releases its first of a series of cloud-based applications conceptualized for product development and production teams. Quick Estimate and Quick Nest will be launched in France and Italy and will then become available progressively in other countries.

As part of Lectra’s Industry 4.0 strategy, Lectra collaborated with its leading, digitally-attuned customers to develop apps that empower decision-makers to respond in an instant. Quick Estimate revs up product development efficiency and is instrumental to managing costs. Quick Nest provides easy access to automatic marker making and capitalizes on cloud technology to handle heavy volumes of calculations in parallel, maximizing productivity and marker efficiency.

Leveraging the industrial Internet of Things, lean development principles and cloud-based computing, Lectra aims to provide anytime, anywhere access to business enhancing applications. Gone are the days of limited storage space and slow calculation speed. These well-packaged, light cloud applications will redefine the way fashion customers store and process data.

Fabric often accounts for as much as 60% to 70% of the cost of a garment. Quick Estimate allows product development teams to calculate fabric requirements instantly from their Modaris®—Lectra’s 2D/3D patternmaking and grading solution—working environment with direct access to the cloud applications. Pattern developers now have the flexibility to make pattern adjustments more quickly to optimize costs, while protecting the brand’s quality and assuring speed-to-market.

Quick Nest can be accessed through Diamino®, Lectra’s marker-making solution. During the production development stages, Quick Nest users will be able to process more detailed markers faster. Quick Nest can also be used by production teams to treat lists of markers automatically in record time via the cloud.

These apps will also ensure enterprise-wide transparency as management teams gain full visibility of consumption needs for all products in development and production, thanks to viewable access of consolidated data for approval and reporting purposes.

“The end-goal of our new strategy is clear: we want to put our customers at the core of our business. We want them to thrive in this new digital era. Our latest Industry 4.0-friendly apps will serve as growth catalysts for their businesses by enabling them to make sound decisions based on real-time information,” explains Daniel Harari, Chairman and Chief Executive Officer, Lectra. “And this is just the beginning. More innovative apps are yet to come.”

Source:

Lectra

Lectra Logo
Lectra Logo
16.01.2018

Lectra positioniert sich mit neuer Markenidentität für die Zukunft

Markenauftritt spiegelt Lectras Strategie zu Digitalisierung und Industrie 4.0 wider
 
Lectra, der Technologie-Partner für Textil und Leder verarbeitende Unternehmen, stellt seine neue Markenidentität vor. Der Markenauftritt greift die digitale Ausrichtung in der Unternehmens-Strategie auf und beschreibt, wie Lectra die Herausforderungen von Mode- und Bekleidungs-, Automobil- und Möbelunternehmen auf dem Weg in Industrie 4.0 angeht.
 
Das neue Markenuniversum hat Lectra zusammen mit der Agentur ComCorp geschaffen. Es spiegelt die kontinuierliche Weiterentwicklung des Unternehmens wider und betont seine Vorreiterrolle in der vierten industriellen Revolution. Im Mittelpunkt stehen Innovationskraft als Teil der Lectra-DNA sowie vier Grundwerte des Unternehmens: Hingabe, Engagement, Verständnis und Vision.
 
Das neue Logo ist modern und elegant. Es verkörpert die Premium-Positionierung von Lectra sowie den Stolz über die Zusammenarbeit mit international führenden Unternehmen. Das Design drückt zudem die Weiterentwicklung des Lectra-Angebots mithilfe von Datenanalyse aus.
Markenauftritt spiegelt Lectras Strategie zu Digitalisierung und Industrie 4.0 wider
 
Lectra, der Technologie-Partner für Textil und Leder verarbeitende Unternehmen, stellt seine neue Markenidentität vor. Der Markenauftritt greift die digitale Ausrichtung in der Unternehmens-Strategie auf und beschreibt, wie Lectra die Herausforderungen von Mode- und Bekleidungs-, Automobil- und Möbelunternehmen auf dem Weg in Industrie 4.0 angeht.
 
Das neue Markenuniversum hat Lectra zusammen mit der Agentur ComCorp geschaffen. Es spiegelt die kontinuierliche Weiterentwicklung des Unternehmens wider und betont seine Vorreiterrolle in der vierten industriellen Revolution. Im Mittelpunkt stehen Innovationskraft als Teil der Lectra-DNA sowie vier Grundwerte des Unternehmens: Hingabe, Engagement, Verständnis und Vision.
 
Das neue Logo ist modern und elegant. Es verkörpert die Premium-Positionierung von Lectra sowie den Stolz über die Zusammenarbeit mit international führenden Unternehmen. Das Design drückt zudem die Weiterentwicklung des Lectra-Angebots mithilfe von Datenanalyse aus. Der quadratische Aufbau des Logos steht für die digitale Ausrichtung des Unternehmens. Die für Lectra so charakteristischen Farben sind geblieben. Sie erinnern an Lectras Loyalität und an das Bestreben, für die Kunden weiterhin der bevorzugte Technologie-Partner zu sein.
 
Die Tagline „Empowering customers through industrial intelligence“ unterstreicht Lectras Versprechen, den Kunden alle notwendigen Mittel zur Verfügung stellen, um ihre Ziele zu verwirklichen. Lectra ist stets wachsam gegenüber Trends in den Kundenbranchen und entwickelt beständig Lösungen, um die Kunden auf dem Weg in die digitale Industrie der Zukunft zu unterstützen.
 
Lectra ist seit 2007 Pionier des industriellen Internet der Dinge und heute aktiver Treiber der Industrie 4.0. Im Zentrum des Angebots steht das Erfassen und Analysieren von Daten. Die Idee der IT-basierten Entscheidungsunterstützung ist zentral, um eine digitale Wertschöpfungskette beim Kunden zu etablieren. So sind die Design- und Produktentwicklungsteams, die Smart Factory, die Lieferanten und die Kunden in Echtzeit miteinander verbunden.
 
„Die neue Markenidentität ist ein Spiegelbild der sich stetig weiterentwickelnden Strategie, des Knowhows und der reichen Geschichte von Lectra“, sagt Alexis Noal, Vizepräsident von ComCorp. „Das
neue Branding ist das Ergebnis enger Zusammenarbeit mit den Lectra-Teams auf jeder Ebene und zudem im Austausch mit den Kunden und Partnern von Lectra entstanden.“
 
„2017 war eines der aufregendsten Jahre der Lectra-Firmengeschichte. Es begann mit der Ankündigung einer neuen Strategie, mit der unsere Kunden erfolgreich in die Ära der Industrie 4.0 eintreten. Die Strategie hat uns stark inspiriert, als wir das neue Branding erarbeitet haben. Wir freuen uns, heute die neue Markenidentität von Lectra vorzustellen. Sie verkörpert die Dynamik des Unternehmens, seine kühne Vision und seinen Ehrgeiz, immer an der Seite des Kunden zu sein”, betont Céline Choussy Bedouet, Chief Marketing and Communications Officer bei Lectra.
 
Source:

Lectra Deutschland GmbH

Evolution of fashion professions at heart of Lectra’s 8th education congress © Lectra
Industry experts and fashion schools discussing at Lectra's 8th education congress
13.12.2017

Lectra: Evolution of fashion professions at heart of Lectra’s 8th education congress

Lectra brings together partnership schools and industry experts to discuss how changing professions
in fashion are impacting training programs

Lectra, the world leader in integrated technology solutions dedicated to industries using fabrics, leather,
technical textiles and composite materials, recently welcomed partners from the world of
education to the company’s Bordeaux-Cestas campus for its eighth education congress. The
event was dedicated to the mega trends shaping the fashion industry and impacting
professions from design to production.

Over fifty representatives from among the most important fashion schools in Germany, Canada, China,
USA, France, Hong Kong, Italy, The Netherlands, Poland, United Kingdom, Switzerland and Sweden, participated
in this biannual meeting between industry experts and teaching professionals.

Lectra brings together partnership schools and industry experts to discuss how changing professions
in fashion are impacting training programs

Lectra, the world leader in integrated technology solutions dedicated to industries using fabrics, leather,
technical textiles and composite materials, recently welcomed partners from the world of
education to the company’s Bordeaux-Cestas campus for its eighth education congress. The
event was dedicated to the mega trends shaping the fashion industry and impacting
professions from design to production.

Over fifty representatives from among the most important fashion schools in Germany, Canada, China,
USA, France, Hong Kong, Italy, The Netherlands, Poland, United Kingdom, Switzerland and Sweden, participated
in this biannual meeting between industry experts and teaching professionals.

Fashion professions are evolving as companies make their first steps towards Industry 4.0, adopting 3D
and rationalizing the lifecycle management for their collections thanks to PLM. Lectra’s congress enabled
schools to discuss the developing role of designers and patternmakers, and the new elements to be
integrated into training programs.

Lectra illustrated future changes through presentations on design, patternmaking, 3D prototyping, and PLM.
“It is fundamental to bring innovation experts in the industry together with fashion schools, because
students will drive the evolution of this industry,” stated Pascal Denizart, Managing Director of the Centre
européen des textiles innovants (CETI).

Working with schools to design courses which meet the needs of fashion companies has always been at
the heart of Lectra’s education program. During the event, the company presented collaborative
experiences between partner schools and fashion brands, such as the competitions organised by Lectra
with Missoni, Balenciaga, and Armani in Italy, as well as Peacebird in China and JC Penney in the United
States.

In the United Kingdom, Lectra collaborated with COS (H&M group) and the Arts University Bournemouth
(AUB) for a competition centred on the design of a collection with zero waste.
“The process was totally digital, from design to the creation of a virtual prototype in 3D. Our students learnt
to optimize each stage of the process. By leveraging the use of Kaledo®, Modaris® and Diamino®, the
collaborative work between AUB, COS and Lectra is exactly the type of project that enormously motivates
our students. Live briefs developed with leading fashion brands and Lectra offer excellent opportunities
which directly inform industry currency and student employability,” explained Penny Norman, a lecturer at
AUB.

The event also shone the spotlight on China and its major role in the evolution of the fashion industry.
Li Min, Vice-Dean of the fashion and design faculty at Donghua university in Shanghai spoke of the event,
organized by Lectra, which brought together major Chinese companies, experts, and representatives from
the biggest schools in China.

“Exchanges on the impact of the Made in China 2025 plan on the fashion industry can better prepare
students for tomorrow’s professions, where digital and automation will occupy a far more central position
than today,” testified Li Min.

"The fashion industry is evolving so fast that sharing insights and best practices with experts and other
fashion schools has become vital to ensure we offer the best learning experience and technology tools to
our students", said Dr. Trevor J. Little, Professor of Textile and Apparel, Technology and Management in
the College of Textiles at NC State University.

“Lectra’s eighth education congress confirms the company’s commitment to our partner schools. We
shared our analysis of the market, the digitalization of the eco-system, and how Industry 4.0 principles can
be applied to the fashion industry. We also discussed mass customization and the role of PLM. While these
are key subjects for our customers, many schools are only now approaching them. We are preparing
tomorrow, today: Lectra is supporting our customers, and schools to play an essential role,” concludes
Céline Choussy Bedouet, Chief Marketing and Communications Officer, Lectra.

Source:

© Lectra

Lectra Fashion PLM 4.0 Source: www.lectra.com.
Lectra Fashion PLM 4.0
07.06.2017

The new Lectra Fashion PLM gears fashion companies up for the fourth industrial revolution

With digitalization transforming the way consumers shop, today’s fashion companies are playing a neverending game of catch-up, as they compete for the attention of a generation of connected, fickle-minded millennials who want it all: personalization, sustainability, quality and speed, accessible at all times, across multiple channels, and at the lowest price. Industry 4.0 is not only revolutionizing how manufacturers operate, but also how brands and retailers need to function, if they want to be fast and agile enough to meet the needs of this demanding new consumer. The stakes are high and how effectively companies harness technology to put the consumer at the heart of their process will be the deciding factor in who comes out ahead and who gets left behind.

With digitalization transforming the way consumers shop, today’s fashion companies are playing a neverending game of catch-up, as they compete for the attention of a generation of connected, fickle-minded millennials who want it all: personalization, sustainability, quality and speed, accessible at all times, across multiple channels, and at the lowest price. Industry 4.0 is not only revolutionizing how manufacturers operate, but also how brands and retailers need to function, if they want to be fast and agile enough to meet the needs of this demanding new consumer. The stakes are high and how effectively companies harness technology to put the consumer at the heart of their process will be the deciding factor in who comes out ahead and who gets left behind.



Lectra Fashion PLM 4.0 has undergone a drastic reboot to give fashion and apparel companies the speed and agility they need to tackle the challenges of Industry 4.0 head on. Lectra Fashion PLM 4.0, with the widest functional scope on the market, acts as an intelligent nerve center to the digital supply chain, from planning through design to production. This ensures a consistent flow of error-free data between processes, technologies and people. The system connects CAD, industry-standard software such as Adobe Illustrator, company IT systems (such as ERP) and external suppliers, so that actors across the supply chain can work on, save and share information on the platform, ensuring data integrity.
The solution also draws on best practices, fashion-business intelligence and real-world scenarios to automate administrative and repetitive tasks, with templates, standard libraries and shortcuts that allows more time for value-added activities. The final result is a fast, connected digital supply chain that helps fashion companies jump on trends quickly and deliver products that fulfill their customer’s expectations.

Source:

Lectra