(CercleFinance.com) – Lexibook reported on Friday a 36.4% growth in its turnover over the past quarter, while acknowledging that it is exposed to a drop in its margins if the strength of the dollar were to continue.
The specialist in smart electronic entertainment products for children generated consolidated sales of 6.9 million euros in its first quarter, from April 1 to June 30, compared to 5.1 million euros a year earlier.
This is its 13th consecutive quarter of growth, the group said in a press release.
Lexibook adds that it foresees a new ‘double-digit growth’ for its second quarter, auguring a new year of profitable growth.
The company nevertheless says it is exposed to a drop in its margin if the US dollar should remain at its current levels for a long time.
In a note of reaction, Euroland analysts point out that Lexibook makes two-thirds of its purchases in dollars, against around 20% of its turnover.
‘The appreciation of the dollar therefore has a significant impact on the company’s accounts’, underlines the financial intermediary, which consequently lowers its objective from seven to six euros, while remaining in the purchase on the value.
Listed on the Paris Bourse, the Lexibook share fell by 4.8% following this publication.
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