FRANCE: Lectra Posts 14 Per Cent Drop In First-Half Revenues
Specialist design and technology supplier Lectra blamed "persistently difficult business conditions" for a 14 per cent year-on-year drop in first-half revenues to 85.4 million euros. The company said technology spending by US and European companies remained very weak in the first half of 2002, while its main Asian sub-contractors froze their own investments even more significantly.