Q1 2024-25 Results: Lexibook Slightly Up Despite Gloomy Climate

Lexibook announces a 4.14% growth in its turnover for the first fiscal year 2024-25. This increase is explained by an increase in sales in France and internationally, particularly in America and Asia. On the other hand, toy sales in Europe, excluding France, fell by 17%.

The toy market, weighed down by a drop in purchasing power and geopolitical uncertainty, is giving way to an increased adoption of electronic products for children. Audio, watch and camera products are fueling this growth supported by successful licenses.

Unfavorable freight conditions weigh on FOB sales, decreasing by 46.7%, while domestic sales increase by 27.5%. Price tensions and routing from Asia complicate operations.

For Q2 2024-25, slight growth is expected, despite the impact of freight costs on the company's operating and net income. Lexibook remains optimistic about its outlook, thanks to targeted marketing investments.