Vtech Holdings Limited provided earnings guidance for the financial year 2024. The macro-economic outlook for the financial year 2024 is uncertain, but the challenges posed by persistent inflation and high interest rates in the US and Europe look set to continue. Consumers remain price-sensitive and reluctant to make purchases, VTech's customers to exercise caution when placing orders and managing inventories.

In view of this, the Group targets revenue to be flat year-on-year. Profitability, however, is forecast to recover.