On Tuesday, Lexibook reported a 7% increase in sales to 23.4 million euros for its third quarter ended December, in line with expectations.
The manufacturer of intelligent electronic leisure products for children points out that this is its 15th consecutive quarter of growth.
Although its fourth quarter is expected to be down on the exceptional performance achieved a year earlier, the group says it is aiming for record sales for its full fiscal year, at a level close to 50 million euros.
Following this publication, which they consider to be in line with their expectations, Euroland's analysts have maintained their buy recommendation on the share, accompanied by a price target of six euros
The brokerage firm notes that the share is trading on the basis of an enterprise value/sales ratio of 0.5x, i.e. a discount of almost 50% to its five-year average and over 55% to its comparables.
On the Paris Bourse, Lexibook shares were down 1.7% following this publication, but still gained more than 38% over the past three months.
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Lexibook Linguistique Electronic System is the French leader in the design and marketing of intelligent entertainment electronics. The group's activity is organized around two product groups:
- electronics products: mainly electronic translators and dictionaries, PDAs, calculators, educational computers, audio and video products, phones and tablets, walkie-talkies, clocks and weather stations;
- toys and games: games (musical, interactive, for infants and preschoolers), early learning toys, game consoles, robots, board games, outdoor games, creative games, etc.
Products are manufactured (with the company's own name, under license, and with distributors' names) by subcontractors in Asia.
The products are marketed through retail, specialty stores, mail order, teleshopping channels, purchasing groups and Internet sales companies.
Net sales break down by source of revenue as follows: sales of products (96.9%) and sales of services (3.1%).
61% of net sales are abroad.
LEXIBOOK LINGUISTIQUE ELECTRONIC SYSTEM 
