In 2017, the National Metrology and Testing Laboratory posted record operating results, confirming the financial recovery initiated in 2016 after several years of deficit.
These results will thus make it possible to pay employees a substantial incentive and launch an investment and recruitment policy committing the establishment to a future path.
In order to improve a financial situation showing a heavy deficit in 2015 (-€3.9 million), LNE adopted a new strategy in 2016. Initiated by its Managing Director Thomas Grenon and supported by the laboratory's staff, the reforms undertaken had enabled a spectacular recovery with an operating profit of €2.1 million over the same financial year.
The figures for 2017 confirm the renewed dynamism with an operating profit before profit-sharing of €5.2 million, i.e. an increase in profitability of 17 turnover points in 2 years. This performance will be turned into a €1.9 million profit sharing for the employees, the maximum amount set by law. This incentive,never seen before at the LNE, rewards the efforts made by the staff to enable the recovery of the company.
In M€ | 2014 | 2015 | 2016 | 2017 |
---|---|---|---|---|
Market turnover | 53,4 | 54,0 | 54,7 | 55,2 |
Gross operating surplus (excluding profit-sharing) | 2,0 | -1,3 | 4,6 | 7,3 |
Operating result (excluding profit-sharing) |
-0,9 | -3,9 | 2,3 | 5,2 |
Net income | -0,8 | -3,3 | 0,3 | 2,6 |
Operating income/(loss) | -1,7% | -7,2% | 4,2% | 9,5% |
LNE is responsive to future issues and has positioned itself in several promising areas.
Then, in order to support the development of its medical certification activity (G-MED) which, after astrong growth in 2016, saw its activity slow down in 2017, LNE decided to set up a branch to give it the means to better develop itself.
These excellent results and the LNE's future developments are made possible thanks to structural reforms that enabled to improve internal management, manage competitive activities by margin and exploit sources of productivity and savings.
Its recovery confirmed today, LNE is resolutely looking to the future by positioning itself on breakthrough technologies that will make the industry of tomorrow: industry of the future, artificial intelligence, nanotechnologies, cyber security... The employees, who are the actors of this success, reap the rewards of a renewed profitability through our profit-sharing scheme. Our establishment will continue its dynamic growth thanks to increased investment and recruitment, thus creating all the conditions to meet the many metrological challenges essential to industrial competitiveness and the safety of our fellow citizens.
LNE : Alexandre Papin • +33 1 40 43 38 92 • alexandre.papin@lne.fr – Valérie Mulot • +33 1 40 43 40 93