Lexibook's share price soared by nearly 15% following the publication of net income of 3.09 million euros for the first half of 2023-24, compared with 1.25 million a year earlier, and operating income up 47.3% to 3.54 million.
"This increase is essentially due to higher sales volumes and improved margins, and testifies to the Group's ability to generate high margins thanks to its niche strategy", explains the leisure electronics company.
Its sales rose by 8.9% to 22.2 million euros at the end of September. The third quarter of 2023-24 is expected to see further growth, pointing to new record sales for December 31, 2023", adds Lexibook.
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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 (97.2%) and sales of services (2.8%).
Net sales are distributed geographically as follows: France (34.4%), Europe (55.4%) and other (10.2%).