Lexibook gained ground on the marine stock market on Thursday after reporting continued growth in the second quarter, with sales up 12.9%.
In the three months to the end of September, the second of its 2023/2024 fiscal year, the manufacturer of electronic toys and educational products saw its sales rise to 15.1 million euros, compared with 13.4 million a year earlier.
For the first half of the year as a whole, revenues rose by 8.9% to 22.1 million euros.
Despite a high base effect, the group said it expected "slight growth" in sales in the third quarter, the most important in terms of annual sales, pointing to "another fiscal year of profitable growth".
The stock gained over 2% on Thursday morning on the Paris Bourse following this quarterly publication.
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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 
