Lexibook suffered one of the biggest falls on the Paris market on Monday morning, a victim of profit-taking after reporting record sales for the past financial year, but also warning of 'slight growth' for the 2024/2025 financial year.

After four years of growth, the manufacturer of toys, musical instruments and walkie-talkies for children saw its sales rise by 14.4% to a record 58.6 million euros in the year to the end of March.

Earnings before tax, interest, depreciation and amortization (Ebitda) rose by 58.8% to 7.5 million euros.

Against this backdrop, net profit for the year came to almost five million euros, compared with three million a year earlier.

Lexibook warns, however, that it expects only "slight growth" in sales for the 2024-25 financial year, judging that consumption could be impacted by international political instability.

Operating income and net income are expected to decline due to higher freight costs and the deterioration of exchange rates.

Following these announcements, the share - which on Friday evening had posted a gain of 32% since the beginning of the year - suffered profit taking and lost around 8%, after having fallen by up to 14% at the very beginning of the session.

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