Guillemot (GUI) H2 2024 earnings summary

Executive summary

• Net operating income rose 48% year-over-year to €3.7 million, with consolidated net income at €1.2 million, up 22% from 2023.

• Turnover increased 5% to €125.1 million, driven by 8% growth at Thrustmaster, while Hercules declined 15%.

• Gross profit margin improved by 4.5 percentage points to 53% in a highly competitive environment.

Financial highlights

• Net income from ordinary activities reached €3.7 million, up 48% year-over-year; consolidated net income was €1.2 million.

• Basic EPS increased 22% to €0.08.

• Cash flows from operating activities surged to €18.1 million from €5.5 million in 2023.

• Net debt improved to -€23.7 million from -€16.7 million, reflecting a stronger cash position.

• Shareholders' equity stood at €100.3 million at year-end.

Outlook and guidance

• Expects turnover growth and net operating profit in 2025, supported by major new product launches in all business segments.

• Strategic focus on Asia-Pacific, Middle East, and US markets, with increased direct-to-consumer sales and refreshed product lines.