Leading design and technology supplier Lectra has revealed it swung back into the black last year despite weak global spending on new technology.

The Bordeaux-based firm, which makes software and hardware for a range of industries including fashion and footwear businesses, reported a net profit of 3.6 million euros versus a year-ago loss of 3.2 million euros.

It added consolidated revenues fell five per cent year-on-year to 185.1 million euros, or two per cent at constant exchange rates.

CEO Daniel Harari said in a press release: "2002 was an excellent year for Lectra, despite especially tough global economic conditions."

He added in 2003 Lectra plans to "focus primarily on growing its business in the US and China and expanding its operations with large American, European and Asian corporate accounts".