(Boursier.com) — Guillemot fell by 3% to 5.95 euros this Friday, while the Group’s annual turnover stood at 120.6 million euros in 2023, down 36%, with Thrustmaster, down 39 %, and Hercules growing by 15%. The fourth quarter of 2023 was down 21% to 37.1 million euros in declining markets in Europe.
At the start of 2023, the group’s customers held high inventory levels, following the gap between significant sales expectations and a declining market.
Over the past year, the group has accelerated its promotional actions to reduce its customers’ stocks, which are now at balanced levels.
The Group’s presence at the last Consumer Electronics Show in early January 2024 allowed it to meet its main customers who are satisfied with their sales of the group’s products in 2023 and anticipate sustained activity for 2024.
In Europe, Thrustmaster has increased its market share in high-end steering wheels, joysticks and gamepads (above 70 euros) (Source: Gfk 2024 – All rights reserved, 5 European countries).
Perspectives displayed
The Group will rely on the ramp-up of recently launched accessories and is preparing the release of major new products at Thrustmaster in the second half of 2024.
The Group expects a return to growth for the 2024 financial year and a positive operating result… Among the latest analyst opinions, In Extenso Finance has adjusted the target from 6.9 to 7 euros with a buy opinion ‘.
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