(AOF) – Lexibook shares jumped 17.48% to 2.89 euros after revealing a clear increase in its profits in the first half, ended at the end of September. The manufacturer of leisure electronic products saw its profit increase by 148.2% to 3.095 million euros and its operating profit by 47.3% to 3.54 million euros. Turnover increased by 8.9% to 22.19 million euros.
“Digitalization allows us to develop turnover on the most profitable products while maintaining fixed costs at a reduced level. This is logically reflected in the operating result and the net result which progress together,” explained Aymeric Le Cottier, Chairman of the Management Board of Lexibook.
The company also explains its good performance by its development in new international areas with the geographic extension of licensing contracts; the favorable development of the dollar-euro and dollar-pound sterling parities, the collapse of freight costs and the end of tensions on component supplies.
Regarding its prospects, the third quarter is expected to show growth again and suggests a new record turnover for Lexibook as of December 31, 2023. The activity of the fourth quarter, traditionally the least contributory quarter of turnover , is expected to decline given an exceptional record in 2023 and stock shortages linked to the strategy of reducing consolidated stocks. Overall, the Lexibook Group’s activity over the 2023-24 fiscal year is expected to show slight growth.
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