Cybergun: 2023 annual results better than expected
June 21, 2024 at 06:35 am
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Cybergun announced on Thursday evening that it had posted 'better-than-expected' results for its 2023 financial year, enabling it to stand out on the stock market this Friday.
The manufacturer of replica dummy pistols reported consolidated sales of 42.7 million euros last year, down 1.5%.
The group reports that strong 47% growth in its military division partly offset the 26% decline in its civilian business.
Annual operating income showed a loss of 9.2 million euros, compared with -1.5 million in 2022, while net income, Group share, came to -14.6 million euros.
In a press release, Cybergun points out that it had expected a number of non-recurring charges to impact its annual results to the tune of 17 million.
The company adds that it has received a third letter of intent for the acquisition of its civil division, even though it does not reach the valuation levels retained by the first two offers, in excess of 10 million euros.
Cybergun indicates that it plans to unveil the winning offer shortly, still with the aim of reaching an agreement before the end of the 1st half of 2024.
Once we have made progress on these structuring projects, we will communicate on our vision of the future of Cybergun", assured its manager, Hugo Brugière.
Following these announcements, the share climbed 25% on Friday on the Paris Bourse, a movement admittedly exacerbated by the share's penny stock status, which generates a great deal of volatility.
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CYBERGUN is the world leader in designing and distributing replica dummy weapons for video game aficionados, sport or outdoor shooting, and collectors. The activity is organized around two families of products:
- replica weapons: 1/1-scale replica which shoots 6-mm plastic balls. At the end of March 2023, CYBERGUN had 21 exclusive worldwide or European licenses (primarily Smith & Wesson, Famas, Desert Eagle, Colt, Taurus, Uzi, Mossberg, Tanfoglio, Schmeisser, Thompson, Sig Sauer, Kalashnikov, DPMS Blaser and Beretta);
- accessories and consumables: goggles, targets, plastic pellets, gas reloads, etc.
The products are manufactured by subcontractors.
Products are mainly marketed through wholesalers and specialty stores (gunsmiths, hunting and fishing stores, toy and video game stores), and also through large distribution chains.
CYBERGUN 
