FISCAL Q1 2024-25 LEXIBOOK REVENUES: + 4.14% DESPITE LOWER TOY SALES IN EUROPE IN A SLUGGISH CONSUMER ENVIRONMENT, THANKS TO SALES GROWTH IN FRANCE AND INTERNATIONALLY (OUTSIDE EUROPE).
August 30 2024 - 12:00AM
UK Regulatory
FISCAL Q1 2024-25 LEXIBOOK REVENUES: + 4.14% DESPITE LOWER TOY
SALES IN EUROPE IN A SLUGGISH CONSUMER ENVIRONMENT, THANKS TO SALES
GROWTH IN FRANCE AND INTERNATIONALLY (OUTSIDE EUROPE).
Les Ulis, August 30, 2024 at 7:00 a.m.
FISCAL Q1 2024-25 LEXIBOOK REVENUES: +
4.14% DESPITE LOWER TOY SALES IN EUROPE IN A SLUGGISH CONSUMER
ENVIRONMENT, THANKS TO SALES GROWTH IN FRANCE AND INTERNATIONALLY
(OUTSIDE EUROPE).
- Sales
growth for fiscal Q1 2024-25 was a slight +4.14% compared with Q1
N-1, which was up +1.14%. The climate of geopolitical uncertainty,
particularly in Europe, and the decline in customer purchasing
power are weighing on consumption.
- The 17%
fall in sales in Europe (excluding France) was offset by sales
growth in France, North and South America, Asia and the Middle East
thanks to targeted marketing investments.
- The
fall in toy sales (-17%) in a difficult market was offset by growth
in sales of electronic products for children, notably audio
products, watches and cameras. Licenses continue to perform
well.
- Tensions
over freight conditions continued to impact FOB sales, as customers
turned to domestic sales in view of the sharp rise in transit
costs, longer delivery times from Asia, and the unfavorable trend
in the Euro/US Dollar exchange rate. FOB sales thus fell by 46.7%,
while domestic sales rose by 27.5%.
- Q2
2024-2025, after an increase of 12.9% in 2023-2024, is also
expected to grow slightly, depending on year-end deliveries and
consumption trends.
-
Substantial advertising investments in new markets and the
very unfavorable trend in freight rates will have a significant
impact on operating income and net income over the
year.
Lexibook (ISIN FR0000033599) today announced its sales
(unaudited) for the period ending June 30, 2024 (period from April
1er to June 30).
|
Chiffre d’affaires consolidé (M€) |
2021/2022 |
2022/2023 |
2023/2024 |
2024/2025 |
Var |
|
1er
trimestre |
5,08 |
6,93 |
7,01 |
7,3 |
+4,14% |
|
Dont FOB |
1,31 |
2,22 |
2,21 |
1,18 |
-46,61% |
|
Dont Non FOB |
3,77 |
4,71 |
4,8 |
6,12 |
+27,50% |
|
|
|
|
|
|
+4,14% |
|
Total 3 mois |
5,08 |
6,93 |
7,01 |
7,3 |
|
|
|
|
|
|
Sales growth for fiscal Q1 2024-25 was a slight
+4.14% compared with Q1 N-1, which was up +1.14%. The climate of
geopolitical uncertainty, particularly in Europe, and the decline
in customer purchasing power are weighing on consumption. Sales
growth in France is the result of advertising investments and
targeted promotions, particularly in the specialist network, where
sales continue to grow.
The 17% drop in sales in Europe (excluding
France) was due to lower consumption, particularly in Germany and
Italy. This was offset by sales growth in France, North and South
America, Asia and the Middle East, thanks to marketing investments
to launch new products, win market share and establish the brand's
reputation in territories where it is just starting out.
The fall in toy sales (-17%) in a difficult
market was offset by growth in sales of electronic products for
children, notably audio products, watches and cameras. Licenses
continue to perform well, once again acting as a natural
shield.
Tensions over freight conditions continued to
impact FOB sales, as customers turned to domestic sales in view of
the sharp rise in transit costs, longer delivery times from Asia,
and the unfavorable trend in the euro/US dollar exchange rate. FOB
sales thus fell by 46.7%, while domestic sales rose by 27.5%.
Outlook :
Q2 2024-2025, which grew by 12.9% in 2023-2024,
is also expected to grow slightly, depending on year-end deliveries
and consumption trends.
Advertising investments in new markets and the
very unfavorable trend in freight rates will have a significant
impact on operating income over the year. Container prices from
Asia to Europe and the USA have rocketed, returning to levels close
to those observed during the pandemic period, at a time when the
Group is shipping most of its goods. With no possibility of
adjusting rates this year, the impact on operating income and net
income is unavoidable.
Financial calendar
2024/2025
- 2nd quarter sales 2024-2025:
November 18, 2024
- Half-year results to September 30,
2024: December 02, 2024
- 3rd quarter sales 2024-2025:
February 17, 2025
- 4th quarter sales 2024-2025: May
19, 2025
- Annual results to March 31, 2025:
June 30, 2025
- Availability of the Universal
Registration Document as at March 31, 2025: June 30, 2025
ABOUT
LEXIBOOK
LEXIBOOK®, owner of over 40 registered brands,
is the leader in intelligent electronic leisure products for
children. This success is based on a proven strategy of combining
strong international licenses with high value-added consumer
electronics products. This strategy, complemented by a policy of
constant innovation, enables the Group to flourish internationally
and to constantly develop new product ranges under the Group's
brands. With over 35 million products on the market, the company
now sells a product every 10 seconds worldwide! LEXIBOOK's share
capital is made up of 7,763,319 shares listed on the Euronext
Growth market in Paris. ISIN: FR0000033599 - ALLEX; ICB: 3743 -
Consumer electronics.
Contact
LEXIBOOK Aymeric Le Cottier - CEO - 01 73 23 23
48 / aymericlecottier@lexibook.com
- Communique CA T1 2024-2025 en-US
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