On Friday, Lexibook reported "very satisfactory" results for its 2022/2023 financial year, and also evoked "excellent growth prospects" for its new financial year.
In the financial year ending March 31, the educational toy manufacturer's sales rose by over 13% to an all-time high of 51.2 million euros.
In its press release, the group states that it benefited from the development of online sales and the success of new products over the period.
Sales growth was driven in particular by toys, clocks, musical instruments and walkie-talkies, thanks in part to licensed products.
Lexibook also added that it had considerably boosted international brand awareness thanks to an unprecedented digital communications campaign.
Despite the cost of these marketing efforts, operating income was maintained at 4.3 million euros year-on-year, thanks to higher sales volumes and gross margins.
Consolidated net profit for the year to March 31, 2023, however, fell to 3 million euros from 3.7 million a year earlier.
The Group stresses that its 2023-24 fiscal year has also got off to a good start, making it "very optimistic" about the new fiscal year.
Following this publication, the Lexibook share gained over 2% on Friday morning on the Paris Bourse, bringing its gains since the start of the year to over 14%.
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Lexibook Linguistique Electronic System is the French leader in the design and marketing of intelligent entertainment electronics. The group's activity is organized around two product groups:
- electronics products: mainly electronic translators and dictionaries, PDAs, calculators, educational computers, audio and video products, phones and tablets, walkie-talkies, clocks and weather stations;
- toys and games: games (musical, interactive, for infants and preschoolers), early learning toys, game consoles, robots, board games, outdoor games, creative games, etc.
Products are manufactured (with the company's own name, under license, and with distributors' names) by subcontractors in Asia.
The products are marketed through retail, specialty stores, mail order, teleshopping channels, purchasing groups and Internet sales companies.
Net sales break down by source of revenue as follows: sales of products (96.9%) and sales of services (3.1%).
61% of net sales are abroad.
LEXIBOOK LINGUISTIQUE ELECTRONIC SYSTEM 
