Innelec Multimedia SA (FR:ALINN) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Innelec Multimedia SA has faced a challenging first half of the fiscal year 2024-25, with a reported net loss of €3 million due to a decline in the video games market and postponed game launches. Despite this, the company implemented cost-saving measures and anticipates a rebound in profitability by 2025-26, driven by the launch of new gaming consoles and blockbuster games. Innelec also plans to expand its market reach with a new e-commerce platform targeting hobby stores across France and Europe.
For further insights into FR:ALINN stock, check out TipRanks’ Stock Analysis page.