Lexibook: annual results up, good prospects


(CercleFinance.com) – Lexibook on Monday unveiled sharply higher results for its fiscal year ended March 31, while announcing “good prospects” for its new fiscal year.

The manufacturer of educational products and electronic games indicates that it generated an operating profit of 4.3 million euros over the past financial year, almost double compared to the previous financial year.

Its gross margin adjusted for currency effects rose by 1.8 points to 52.2% thanks to a favorable product mix and the launch of high-margin new products.

Over the year, its turnover jumped 65% to total a historic level of 45.2 million euros.

Referring to consumption that is still ‘sustained’ for its products, the group says it anticipates a ‘double-digit’ increase in turnover in the first half of its financial year.

He also says he expects a ‘dynamic’ 2022-23 financial year, in the wake of that of 2021-22.

In a note of reaction, the analysts of Euroland maintain their recommendation to buy the title, together with a target price of seven euros, showing an upward potential of more than 50%.

‘Lexibook has now proven its ability to recover and has just completed a third year without a shadow on the board. It’s time to give this company the chance it deserves,” said the stockbroker.

However, Lexibook shares fell 6.6% on Monday morning on the Paris Stock Exchange following this publication, with some investors showing concern about a base effect that could be hard to hold following these solid performances.

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