Guillemot Corporation Reports 48% Increase in Net Operating Income for 2024

Guillemot Corporation announced a significant improvement in their 2024 financial performance with a 48% rise in net operating income, reaching €3.7 million. This growth was accompanied by a 5% increase in turnover, totaling €125.1 million, driven primarily by the Thrustmaster brand. However, the Hercules brand saw a decline of 15% in sales.

Despite a competitive environment, the company maintained a 53% gross profit margin. Total expenses, excluding purchases, rose by 13%, while sales and marketing expenses increased by 21%. Research and development investment held steady at €8.9 million.

The Group's net financial expenses amounted to €2.5 million, attributed to revaluation losses and foreign exchange gains. Shareholders' equity stood at €100.3 million, and inventories decreased, aligning with optimization goals. Cash flows from operations sharply increased to €18.1 million.