Lexibook: 'reasonably confident' after 1st half-year

(CercleFinance.com) - Lexibook said on Monday that it was "very satisfied" with its performance in the first half of the fiscal year, while remaining "reasonably confident" ahead of the second half.


The French manufacturer of educational toys and games says it is keeping a close eye on the euro/dollar exchange rate since the results of the US elections, which it believes could penalize its accounts due to its high exposure to the greenback for the purchase of goods.

For the six months to the end of September, sales came to 24.6 million euros, compared with 22.2 million a year earlier, representing growth of 10.8%.

While business in Europe, particularly France, was down, sales in the UK rose by 48% and those in the USA more than doubled, the company points out in a press release.

As a result of intensified advertising investment, operating income fell by 30% to 2.5 million euros over the half-year.

Net income came to 2.45 million euros, compared with 3.10 million euros a year earlier.

Lexibook - which is the target of a proposed takeover bid by Doodle, the holding company of the Le Cottier family, shareholders and founders of Lexibook - also refers to a general climate of "anxiety" due to global geopolitical uncertainties.

The company, which points out that it is highly exposed to currency fluctuations, intends to pay particular attention to currency trends, as well as to the possible introduction of new customs duties by the future Trump administration.

On the Paris Bourse, Lexibook shares were perfectly unchanged after these announcements.

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