Addresses of Lectra Subsidiaries and Offices
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1403154_LECTRA_RA2013_GB_couv.indd C4-C1 28/03/14 15:30 Share Listing Lectra shares are listed on NYSE Euronext (compartment B) and admitted to the Deferred Settlement Service (SRD “Long only”). 02 — A clear and ambitious Lectra shares fi gure among the French stocks making up the CAC Small, CAC Mid & Small, CAC All-Tradable, CAC All-Share, strategy CAC Technology, and CAC Software & Computer Services indexes of NYSE Euronext. 02 — Interview ICB sector: 9537 – Software André Harari and Daniel Harari ISIN code: FR 00000 65484 06 — Strategy Liquidity Provider: Exane BNP Paribas and business model 10 — 2013 Key figures Financial Information and Regulatory Disclosures 14 — Fully exploiting the potential of the most promising markets Lectra’s fi nancial statements are compliant with the International Financial Reporting Standards (IFRS) as adopted by the European Union. The company publishes its fi nancial results quarterly. 16 — A strong corporate culture This English version of the 2013 Annual Report is a translation of the original French Annual Report prepared in the format 18 — A transnational company currently adopted by French publicly-traded companies in accordance with French legal requirements. 20 — 40 years of expertise The following documents exist only in French (“Rapport fi nancier 2013 – Assemblée Générale Ordinaire et Extraordinaire”): for the benefit of customers the parent company’s fi nancial statements and notes for 2013; the Board of Directors’ report submitted to the Ordinary Shareholders’ Meeting of April 30, 2014; the Board of Directors’ special report on stock options granted or exercised in 2013; Inside Lectra the Board of Directors’ report to the Extraordinary General Meeting of Shareholders of April 30, 2014; the Statutory Auditors’ general and special reports to the Ordinary Shareholders’ Meeting on the parent company; the Statutory Auditors’ special reports to 22 — Fashion and apparel the Extraordinary General Meeting of Shareholders of April 2014 and the resolutions submitted to the Ordinary and Extraordinary 30 — Automotive Shareholders’ Meeting of April 30, 2014. 34 — Furniture Copies of these documents, as well as all fi nancial information and regulatory disclosures, as defi ned in the General Regulation 36 — Other industries (Règlement Général) of the French Autorité des marchés fi nanciers (AMF), are available on lectra.com, or by request from the 38 — Building for the future Investor Relations department. 39 — Transmitting to generations to come 2014 fi nancial calendar 40 — Shareholder information Publication of quarterly and annual financial results 41 — 2013 Financial report • First quarter 2014 ................................................................................................................................................................. April 29, 2014 • Second quarter 2014 .............................................................................................................................................................. July 30, 2014 • Third quarter 2014 ........................................................................................................................................................... October 29, 2014 • Full year 2014 ................................................................................................................................................................ February 11, 2015 Annual Shareholders’ Meeting – Paris .................................................................................................................................. April 30, 2014 LECTRA MILESTONES Analyst Conferences • Paris .................................................................................................................................................................................. October 30, 2014 1973 Company founded. • Paris ................................................................................................................................................................................ February 12, 2015 1976 First computer-aided design (CAD) systems sold. André Harari meets The fi nancial calendar is updated on www.lectra.com Lectra’s two founders and raises the first funds. His investment firm gradually becomes Lectra’s second largest shareholder. Analyst coverage 1987 Initial public offering. Analysts from the following institutions have issued regular reports on the company’s performance: Exane BNP Paribas, 1991 After Lectra’s serious financial crisis of 1990, André Harari and Daniel SG Securities (Société Générale). Harari recapitalize the company and take over its management. Investor Relations 2000 Lectra becomes number one worldwide. The 2013 Annual Report email: [email protected] application is available 2010-2011 Lectra proves its resilience after the global economic crisis. to download on the App Store and on Google play. Very strong rebound in sales activity. Record income and free cash flow. 2012 New versions of Lectra software, renewal of the entire CAD/CAM Lectra, a French Société Anonyme with capital of €29,691,046 Lectra would like to thank the following companies and institutions for their assistance in equipment offer. Far-reaching company transformation plan and investments RCS Paris B 300 702 305 preparing this report: Serpentine Sofa – Kagan New York Collection – Produced and distributed Registered offi ce: 16-18 rue Chalgrin – 75016 Paris – France by Club House Italia – www.luxuryliving.it; Airbus S.A.S 2012 (cover); Catimini, Staff International for the future. Tél. : +33 (0) 1 53 64 42 00 - Fax : +33 (0) 1 53 64 43 00 (page 23); Dolce & Gabbana / Marco Lanzavecchia, Marie Anaïs Dumoux (page 25); Octobre France, Jack Victor (page 27); Ellassay, Orobianco (page 29); Katzkin, Citroën 2013 New roadmap. Clear, ambitious goals. communication / Jérôme Lejeune (page 31); Peugeot (page 33); Polipol, Duvivier (page 35); Airborne Systems, Euro Manchetten, Bell Helicopter (page 37); Esmod (page 39) – Photos: Lichaoshu ; Lambada ; Didier Cocatrix ; Ray Mc Crea Jones et Algira Bakas/ Rea ; Istockphoto, lectra.com Fotolia – Design and production: – Printing: Relais Graphique. 1403154_LECTRA_RA2013_GB_couv.indd C2-C3 28/03/14 15:30 01 Lectra is the world leader in integrated technology solutions —software, CAD/CAM equipment, and associated services— specifically designed for industries using fabrics, leather, technical textiles, and composite materials to manufacture their products. It serves major world markets: fashion and apparel, automotive, and furniture as well as a broad array of other industries (aeronautics, marine, wind power, etc.). A transnational company of more than 1,400 employees, Lectra has developed privileged relationships with prestigious customers in more than 100 countries, contributing to their operational excellence. Lectra’s solutions, specific to each industry, enable customers to automate and optimize product design, development, and manufacturing. In fashion and apparel, they are integrated in an unrivalled offer for collection management, facilitating collaboration and enhancing the value of customers’ brand equity. Established in 1973 and based in France, Lectra is listed on NYSE Euronext. 1403154_LECTRA_RA2013_GB.indd 01 28/03/14 15:32 02 A clear and ambitious strategy ANDRÉ HARARI CHAIRMAN OF THE BOARD INTEROF DIRECTORS VIEW DANIEL HARARI CHIEF EXECUTIVE OFFICER LECTRA — 2013 ANNUAL REPORT 1403154_LECTRA_RA2013_GB.indd 02 28/03/14 15:32 03 “Today Lectra is a zero-debt “The momentum in emerging company. Its shareholders’ countries is accelerating profound equity was strengthened changes in our customers’ business again and its net cash position models, justifying our ongoing has doubled.” transformation and reflecting the relevance of our offer and value proposition.” Did your 2013 financial results meet your expectations? Has the weight of emerging countries continued ANDRÉ HARARI: Our revenues and income increased and to increase in orders booked in 2013? are very satisfactory overall. Income from operations before DANIEL HARARI: Yes, it rose from 54% in 2012 to 57% non-recurring items, in particular, is higher than the most in 2013. It was only 41% in 2007. Emerging countries cautious scenario we had communicated. However, our contributed 60% of global economic growth in 2013. This sales momentum was hurt by weaker-than-expected global momentum accelerates profound changes in our customers’ economic conditions and, even more so, by a lack of business models, which are increasingly driven by their improvement in companies’ confidence. With a growth of 5% domestic markets. This underlying trend leads them to like-for-like, revenues stand at €203 million, similar to those strengthen their creativity and competitiveness and to seek of 2011. Income from operations before non-recurring items greater added value and higher margins. These changes rose by 4% to €17.5 million, despite the growing impact justify the ongoing transformation of our organization and of our investments for the future. Net income reached teams, and reflect the relevance of our offer and value €21.8 million and free cash flow €17.6 million, following proposition. the receipt of the outstanding balance of our litigation against Induyco. Today Lectra is a zero-debt company. Its shareholders’ equity was strengthened again in 2013, You now have the litigation against Induyco behind you… rising by almost 30% to €83.8 million, and its net cash ANDRÉ HARARI: The receipt of €11.1 million puts an end position