From GlobeNewswire: 2024-05-15 01:00:00

Lexibook reported a 14.7% decrease in Q4 fiscal sales for 23-24, totaling €6.4M compared to €7.5M in 22-23. However, full-year sales saw a 14.4% increase to €58.5M, driven by growth in France and abroad. Significant advertising investments were made in the USA, with a positive outlook for the new fiscal year 24-25.

Despite a drop in Q4 sales, Lexibook’s full-year sales rose by 14.36% to €58.55M. The decrease in Q4 sales was attributed to the non-renewal of a branded robot sale and a decline in Amazon sales post-Christmas. The Group invested in digital advertising and expects a slightly up Q1 24-25, signaling profitable growth.

Q4 sales decline was mainly due to non-renewal of a robot sale and lower orders from Amazon Europe after Christmas. Full-year sales climbed to a record €58.55M, with licensed products performing well. The Group’s marketing efforts resulted in over 1 billion digital impressions in Europe, while investments in the USA exceeded €1 million.

The Group’s 2024 collections were well received by international retailers, indicating an encouraging 2024-25 financial year. Renewals of license agreements are ongoing, and Lexibook aims to extend them to new areas. Currency exchange and freight challenges impacted the first half of the year.

Lexibook, a leader in intelligent electronic leisure products for children, has more than 22 international brands. With over 35 million products sold worldwide, the company continues to innovate and develop new product ranges. Annual results will be available on June 28, 2024. Lexibook’s success is driven by a strong strategy of combining international licenses with consumer electronics products.



Read more at GlobeNewswire:: FISCAL Q4 23-24 DOWN 14.7% TO 6.4M€ VS. 7.5M€ IN