NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
All amounts in the tables are in thousands of euros, unless otherwise indicated. The Lectra Group, hereafter the Group, refers to Lectra SA, hereafter the company, and its subsidiaries. The Group’s consolidated ﬁnancial statements were drawn up by the Board of Directors on March 3, 2015 and will be proposed to the General Meeting of Shareholders for approval on April 30, 2015.
Lectra was established in 1973 and has been listed since 1987 on Euronext (compartment B). Lectra is the world leader in software, CAD/CAM equipment and associated services dedicated to large-scale users of fabrics, leather, technical textiles and composite materials. Lectra addresses a broad array of major global markets, mainly fashion and apparel, automotive (car seats and interiors, airbags), furniture as well as a wide variety of other industries, such as aeronautical and marine industries, and wind power. The company’s technology offer is geared to the speciﬁc needs of each market, enabling its customers to design, develop and manufacture their products (garments, seats, airbags, etc.). For the fashion and apparel industry, Lectra’s software applications also facilitate the management of collections and cover the entire product lifecycle (Product Lifecycle Management, or PLM). Lectra forges long-term relationships with its customers and provides them with full-line, innovative solutions. The Group’s customers comprise large national and international corporations and medium-sized companies. Lectra helps them overcome their major strategic challenges: cutting costs and boosting productivity; reducing time-to-market; managing globalization; developing secure electronic communications; enhancing quality; satisfying the demand for mass-customization; and monitoring and developing their corporate brands. The Group markets end-to-end solutions comprising the sale of software, CAD/CAM equipment and associated services (technical maintenance, support, training, consulting, sales of consumables and spare parts). Lectra software and equipment is designed and developed in-house. Equipment is assembled from sub-elements produced by an international network of subcontractors and tested in the company’s industrial facilities in Bordeaux-Cestas (France) where most of Lectra’s R&D is performed. Lectra’s strength lies in the skills and experience of its 1,474 employees worldwide, encompassing expert R&D, technical and sales teams with deep knowledge of their customers’ businesses.
The Group has been present worldwide since the mid-1980s. Based in France, the company serves its customers in more than 100 countries through its extensive network of 32 sales and services subsidiaries, which are backed by agents and distributors in some regions. Thanks to this unrivaled network, Lectra generated 91% of its revenues directly in 2014. Its ﬁve International Call Centers, in Bordeaux-Cestas (France), Madrid (Spain), Milan (Italy), Atlanta (USA) and Shanghai (China) cover Europe, North America and Asia. All of the company’s technologies are showcased at its International Advanced Technology & Conference Center in Bordeaux-Cestas (France) for Europe and international visitors, and its two International Advanced Technology Centers in Atlanta (USA) for North and South America, and Shanghai (China) for Asia and the Paciﬁc. Lectra is geographically close to its customers wherever they are, with more than 800 employees in its sales and services subsidiaries. It employs 260 engineers dedicated to R&D, and nearly 160 employees in industrial purchasing, assembly and testing of CAD/CAM equipment, and logistics.