(News Bulletin 247) – Lexibook reported on Friday results deemed “very satisfactory” for its 2022/2023 financial year and also mentioned “good prospects” for growth for its new financial year.
Over the financial year ended March 31, the turnover of the manufacturer of educational toys increased by more than 13% to reach a historic level of 51.2 million euros.
In its press release, the group indicates that it has benefited from the development of online sales and the success of new products over the period.
The increase in its sales was notably driven by toys, watches, musical instruments and walkie-talkies, among other things thanks to licensed products.
Lexibook adds that it has also considerably strengthened the reputation of its brand internationally thanks to an unprecedented digital communication campaign.
Despite the cost of these marketing efforts, its operating income was maintained at 4.3 million euros from one financial year to the next thanks to the increase in the volume of activity and the gross margin.
Consolidated net net profit as of March 31, 2023 fell to three million euros against 3.7 million a year earlier.
The group points out that its 2023-24 fiscal year has also started on a good dynamic, which makes it “very optimistic” about the new fiscal year.
Following this publication, the Lexibook share rose by more than 2% on Friday morning on the Paris Stock Exchange, which brings its gains since the start of the year to more than 14%.
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