Lexibook: sales up, but consumer spending 'lackluster

(CercleFinance.com) - On Friday, Lexibook reported a 4% increase in sales for its first fiscal quarter to the end of June, despite a consumer environment described as "morose".


The educational toy manufacturer said it had generated consolidated sales of 7.3 million euros in the first three months of its offbeat financial year, compared with seven million a year earlier, representing growth of 4.1%.

In a press release, the French group stressed that the climate of geopolitical uncertainty prevailing in Europe in particular, as well as customers' declining purchasing power, were weighing on consumption.

However, Lexibook points out that it has recorded sales growth in France thanks to advertising investments and targeted promotions.

While it hopes for a slight increase in sales in the second quarter of 2024-2025, the group warns that its substantial advertising investments and the increase in freight rates will have a "significant" impact on operating income and net income for the full year.

Nevertheless, this publication was greeted with little excitement on the Paris Bourse, where the Lexibook share was perfectly unchanged at the end of the morning.

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