Lexibook announced on Thursday that its business remained "very dynamic" in its fourth fiscal quarter, which ended at the end of March, with sales ahead of expectations.
After an "exceptional" fourth quarter 2021-22, with growth of 175.8%, sales for the quarter came to 7.5 million euros, compared with 8.4 million a year earlier.
For the full fiscal year, sales rose by 13.3% to 51.2 million euros, compared with expectations of close to 50 million euros by both the company and analysts.
Sales growth was driven by toys, watches, musical instruments and 'walkie-talkies', thanks to new own-brand products and licensed products.
Without disclosing precise targets, the group says it expects another year of profitable growth in the new financial year 2023-2024.
Following the publication of these figures, the share price fell by 1.9% on Thursday on the Paris Bourse.
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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 
