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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lexibook Linguistic Electronic System SA | EU:ALLEX | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -1.50% | 3.29 | 3.25 | 3.33 | 3.33 | 3.25 | 3.25 | 4,068 | 16:40:00 |
Les Ulis, February 6, 2024 at 7:00 a.m.
LEXIBOOK: HISTORIC FISCAL SALES FOR Q3 2023-24 OF €30M, UP 28.2%. OVER 9 MONTHS, SALES UP 19.2% THANKS TO HIGHER SALES IN FRANCE AND INTERNATIONALLY, PARTICULARLY OF NEW INTELLIGENT TOYS AND LICENSED PRODUCTS. FULL-YEAR SALES AND EARNINGS EXPECTED TO REACH RECORD LEVELS. GOOD PROSPECTS FOR 2024-25.
Lexibook (ISIN FR0000033599) today announced its sales (unaudited) for the period ending December 31, 2023 (period from April 1er to December 31).
Consolidated revenues (M€) | 2021/2022 | 2022/2023 | Var | 2023/2024 | Var |
1st quarter | 5,08 | 6,93 | 36,42% | 7,01 | +1,15% |
Of which FOB | 1,31 | 2,22 | 69,47% | 2,21 | -0,45% |
Of which Non FOB | 3,77 | 4,71 | 24,93% | 4,8 | +1,91% |
2nd quarter | 9,82 | 13,4 | 36,46% | 15,13 | +12,91% |
Of which FOB | 2,96 | 4,32 | 45,95% | 2,85 | -34,03% |
Of which Non FOB | 6,86 | 9,08 | 32,36% | 12,28 | +35,24% |
3rd quarter | 21,86 | 23,41 | 7,09% | 30,01 | +28,19% |
Of which FOB | 2,58 | 0,72 | -72,09% | 0,88 | +22,22% |
Of which Non FOB | 19,28 | 22,69 | 17,69% | 29,13 | +28,38% |
+19,23% | |||||
Total 12 months | 45,2 | 43,74 | -3,23% | 52,15 | |
After a very dynamic first half of fiscal 2023-24, with growth of 8.9%, the third quarter of 2023-24, traditionally the year's biggest contributor to sales, saw an acceleration in growth. Growth was 28.19%.
Star products continued to perform well, and the Group benefited from the launch of numerous new products in its main segments. Product consumption was excellent: Lexibook's case releases on all networks benefited from massive communication campaigns in EMEA and the USA, generating over a billion digital impressions in 2023 alone.
Growth was widespread across all the most profitable product families, including electronic and musical toys, educational products, cameras, clocks and walkie-talkies. Licensed products also contributed to this growth, both on existing, highly dynamic licenses such as Snow Queen, Patrol and Spiderman, and on new licenses such as Super Mario, Miraculous and Harry Potter. Less profitable tablet sales are now being replaced by sales in higher-margin segments.
In addition to the French market, the strong growth in sales is also widespread in all the countries in which the Group is positioned internationally. FOB sales (sales invoiced directly from HK on FOB HK deliveries by full containers) rose by 22.22%, thanks to long-standing customers and the winning of new international accounts. Non-FOB sales nevertheless accounted for the bulk of sales in the quarter, and rose by 28.38%, reflecting the dynamic international sales of Lexibook products.
Last but not least, the Group's digitalization drive is bearing fruit: digital sales are up sharply both in France and in other European markets.
Tensions on component supplies and freight were completely lifted over the period, enabling the Group to ensure its deliveries under optimal conditions from both a logistical and a financial point of view. This optimized logistics enabled us to provide customers with a service in line with their expectations for the Christmas season, while optimizing the Group's inventory levels.
Outlook
Q4 is traditionally a low-contribution quarter in terms of sales. In 2021-22 and 2022-23, due to catch-up deliveries made in January and February after the saturation of ports for the Christmas season, sales were exceptionally high. Q4 2023-24 is therefore logically expected to decline, as announced. Nevertheless, annual sales for the Lexibook Group over the full fiscal year are expected to reach a record level, in excess of €56 million.
This level of activity, coupled with the rebound of the euro and sterling against the US dollar over the year, will directly benefit the Group's margins and financial results. Lexibook should therefore close its fiscal year with record operating income and net income .
The Group also exhibited its 2024 collections at the London and Nuremberg toy fairs. The response was very positive, and augurs well for business in 2024-25 in the wake of 2023-24.
Lastly, Isabelle Marée joins the Group effective immediately as Finance and Administration Director.
Financial calendar 2023/2024
About Lexibook
Lexibook®, owner of more than 22 registered international brands such as Powerman®, Decotech®, Karaoke Micro Star®, Chessman®, Cyber Arcade®, Lexitab®, iParty®, FlashBoom®, etc., 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 Alternext market in Paris (Euronext). ISIN: FR0000033599 - ALLEX; ICB: 3743 - Consumer electronics. For further information: www.lexibook.com and www.decotech-lights.com.
Contact
LEXIBOOK Isabelle Marée - DAF - 01 73 23 23 45 / isabellemaree@lexibook.com
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