Although the year 2021 will still be marked by the health crisis, the LNE has posted a largely positive balance sheet with an operating profit of €5.1 million. These results were achieved thanks to the strategy deployed over several years and the robustness of the LNE's business model. The involvement and skills of our staff have been important factors in the laboratory's ability to adapt.
After a fiscal year 2020 that ended with a better-than-expected result despite the health crisis
(+ €1.6M), LNE has continued its momentum and has taken full advantage of the economic recovery. The rebound in activity recorded in the second half of 2020 was confirmed during the course of 2021, resulting in revenue growth of 10 % for the year. The commercial sector generated a surplus of €5.2M, the best result ever, and contributed €2.1M to public sector financing, representing 4.9% of commercial turnover.
LNE's business lines in full growth: their progression in relation to the 2020 financial year
Tests 11.3 million in revenues, up 101TP6
Certification 12.2 million in revenues, up 101TP6
Metrology 17.3 million in revenues, up 8.4 percent in Q6
Training 1.17 million in sales, up 55% in 6Q
Redistribution and reinvestment
These good results have allowed us to trigger the profit-sharing scheme at its maximum level, i.e. 6 % of the payroll, and to recruit 31 employees on permanent contracts. These results have also enabled us to invest heavily, to the tune of €8.2 million, in scientific equipment, testing facilities and infrastructure. These investments were also boosted by the success of the France Recovery Plan.
The grants obtained have also enabled the LNE to make significant investments to reduce its carbon impact. The energy renovation of the Trappes buildings, which accounts for half of the investment budget, was started at the end of 2021. This renovation is in line with the commitments made by the LNE to protect the environment and the climate.
"These results will enable us to continue to support and encourage innovation, which is LNE's historic vocation and which this year marked its 120th anniversary. The LNE is committed to preparing for the future by stepping up its investment policy and research activities.says Thomas Grenon, LNE's general manager.