Cybergun: 2023 annual results better than expected

(CercleFinance.com) - 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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