Lexibook: towards a record year, the share price climbs
February 06, 2024 at 05:06 am EST
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Lexibook shares jumped 4% on Tuesday in the wake of solid sales figures published this morning, which point to a "record" performance for the full 2023/2024 financial year.
The manufacturer of electronic and musical toys, alarm clocks, educational products and cameras announced this morning that it had recorded its 19th quarter of growth in the three months to the end of December.
Sales for the third quarter of its 2023-24 financial year rose by 28.2% to 30 million euros.
For the first nine months of the 2023-24 fiscal year, sales were up 19.2% to over 52.1 million euros.
Although the Group expects sales to be down in the January to March quarter, the least favorable period for its business, annual sales are nevertheless expected to reach a record level, in excess of 56 million euros.
Lexibook therefore expects to close its fiscal year with record operating profit and net income.
At around 10:30 a.m., the share price was up 4.4%, making it one of the best performers on the Paris market on Tuesday morning.
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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 
