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(AOF) – Lexibook shares fell 7.04% to 3.30 euros after revealing a clear drop in quarterly revenues. Over the last quarter of the 2023-2024 financial year, they fell by 14.7% to 6.39 million euros. The manufacturer of leisure electronic products explains that this drop in activity is mainly linked to the non-renewal of a delivery of robots for the company Mainbot, and to a lesser extent by a lower level of orders from Amazon Europe due to their stock rationalization policy after the Christmas season.
Over the full fiscal year, turnover increased by 14.36% to 58.55 million euros.
The first quarter of the 2024-2025 financial year is expected to show slight growth and “suggests a new year of profitable growth for Lexibook despite a less favorable Euro-US dollar parity and equally degraded international freight conditions”.
The company adds that the references for the 2024 Christmas campaign are very encouraging and suggest a new 2024-2025 financial year in line with the previous one. Several renewals of license contracts expiring in the coming months are currently being negotiated on current contracts and the group aims to extend them to new areas.
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Sector sheet – Electronics
Large TVs booming
If specialists expected less appetite for large televisions after the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by next summer’s Olympic Games. Leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also seeking to gain market share in this niche.
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