Lectra blames results on macroeconomic environment
29/04/2008
Technology provider to the footwear industry Lectra has announced disappointing results for the first quarter of 2008, saying a “seriously worsening macroeconomic environment” was to blame.
The company, whose software applications include CAD/CAM applications, enjoyed an “excellent growth dynamic” last year, although signs of a slowdown were already apparent to it in the last quarter of 2007.
In the first three months of this year, however, orders for new software packages are 17% down on the same period last year.
In a press release to announce the results, Lectra explained that the most severe decline in orders occurred in the Americas. In Europe, orders were also down, falling in all of the major countries.
The only source of satisfaction came from the Asia-Pacific region, where orders grew by 37%, with China, Japan, the Southeast Asian countries and India (where the company opened a subsidiary in Q4 2007) all contributed to this growth in orders.
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