Guillemot (GUI) Q2 2025 TU earnings summary

Executive summary

• Second-quarter turnover declined 5% year-over-year to €26.7 million, with Thrustmaster down 7% and Hercules up 14%.

• First-half turnover fell 8% year-over-year to €51.7 million, mainly due to Thrustmaster's 9% drop.

• U.S. import tariffs and supply disruptions impacted Thrustmaster, while Hercules benefited from strong product launches.

Financial highlights

• Thrustmaster Q2 turnover: €24.2M (-7% year-over-year); Hercules Q2: €2.5M (+14%).

• Total Q2 turnover: €26.7M (-5% year-over-year); H1 turnover: €51.7M (-8%).

• Hercules digital devices H1 turnover: €5.5M (+4% year-over-year).

Outlook and guidance

• Global trade situation stabilizing, with improved visibility for H2.

• Upgraded full-year turnover forecast to exceed €120 million, with net operating profit expected for 2025.