(AOF) – Innelec recorded improved results in the first half of the 2023-24 financial year, ending at the end of September, thanks to the strong growth in its activity. The entertainment and pop-culture specialist suffered a net loss, group share, of 0.17 million euros compared to a loss of 0.26 million a year earlier at the same time. Current operating profit followed the same trend, increasing from 1.01 million euros to 1.38 million euros in one year. Already published, the turnover of 84.5 million euros increased by 28%.
Innelec multimedia anticipates second-quarter revenues roughly equal to that of the same half-year of the previous financial year, with a margin rate higher than that of the previous half-year due to a more favorable product mix. The group anticipates a sharp slowdown in Casino purchases in the second half.
Innelec multimedia recalled that the fourth quarter of 2022-23 had seen “exceptional” growth of 56%, marked by a catch-up effect in deliveries of the PS5 console from PlayStation. This exceptional growth will not be found in the second half, because Sony console deliveries will be more evenly distributed.
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According to the latest Truffle 100 ranking, the sector’s total turnover in France jumped 15% last year to cross the 25 billion euro mark. The sector has benefited from an unprecedented growth rate and confirms its recovery after the health crisis. The average annual growth over fifteen years is 12 times higher than that of GDP! Dassault Systèmes retains first place with more than 5.6 billion euros in revenue last year. Cegid, specialist in software for accountants, and the fintech Murex are placed in second and third position with respectively 791 and 711 million euros in turnover. Polarization is one of the characteristics of the sector: the gap in turnover between the 50th and the 100th publisher has increased further in 2022 to reach almost 28 million euros. Performance was improved as the profitability rate (as a percentage of turnover) increased from 9.1% to 10.4%. The outlook is good because artificial intelligence, seen as revolutionary, is expected to drive the market in 2023, as is cybersecurity.