INNELEC MULTIMEDIA: Annual results 2023/24

On June 12, 2024, INNELEC MULTIMEDIA published its annual results for the 2023-24 financial year, with a turnover of €187 million, up 15% compared to the previous financial year. The company posted current operating income of €2.56 million.

Sales of Sony PlayStation 5 consoles made a strong contribution to this growth, generating a turnover of €115.5 million, an increase of 27%. Gaming accessories also recorded a 9% increase in sales. On the other hand, licensed derivative products fell by 11%, reaching €14 million.

INNELEC managed to limit the impact on the gross margin thanks to a cost reduction policy and optimization of logistics costs. Net income, group share, is €0.96 million, including tax of €0.1 million and a reversal of deferred tax assets of €0.3 million.