Lexibook Linguistic Electronic System SA (FR:ALLEX) 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
Lexibook announces satisfying annual financial results for the fiscal year 2023-24, with a notable increase in turnover by 14.4% to €58.6M, and a significant rise in net profit by 64.1%. The company has achieved a historically high equity level of €17M, transitioning from a net financial debt position to a net cash position. Despite a successful year, Lexibook anticipates potential challenges in the 2024-25 fiscal year due to increased freight costs and fluctuating exchange rates.
For further insights into FR:ALLEX stock, check out TipRanks’ Stock Analysis page.