(Boursier.com) — After a very dynamic first half of fiscal 2022-2023, with growth of 36.4% and a third quarter also up by +7%, the last quarter of the fiscal year, which was already up of 175.8% in 2021-2022, is higher than the Group’s expectations Lexibook, at 7.49 million euros (8.44 ME in 2021-2022). It therefore fell by -11.3%. This sustained level of activity is linked to excellent consumption of Lexibook products during the Christmas season in all the countries where the Group operates, and in most of its main segments. Customers restocked products that were out of stock at Christmas, and set up an ever wider assortment than in previous years of new permanent ranges.
Over the full financial year, turnover amounted to 51.2 ME, up +13.3%, a historical level of turnover for the group. FOB sales (sales invoiced directly from HK on FOB HK deliveries in full containers) and non-FOB sales are progressing together, reflecting the enthusiasm for the Group’s products by international distribution.
Over the full fiscal year, France represented 38% of turnover and grew by 17%. International is also driving growth and benefits from significant growth potential.
Outlook
The Group presented its 2023 collections to international distribution and the reception of the new products was very positive. The listings for the 2023 Christmas campaign are excellent and suggest a new 2023-2024 financial year in line with 2022-2023.
The 1st fiscal quarter 2022-2023 was up 36% over the 1st fiscal quarter 2021-2022, itself up 78%. The benchmark is therefore high for the 1st fiscal quarter 2023-2024. Nevertheless, the order book suggests a level of activity similar to last year at the same time. Lexibook therefore intends to continue its momentum of profitable growth this year..
Several license contract extensions are being finalized to extend current contracts to new areaswhich could have an accelerating effect for the Group over the next few years.
The Group could also benefit from the current level of the US dollar if it remained at this level for the rest of the year and from the improvement in international freight conditions to improve its margins.
During the session, the Lexibook share fell -1.14% to 2.605 euros.