INNELEC: Results for the first half of 2024/25

INNELEC MULTIMEDIA has announced declining results for the first half of 2024/25, ending September 31, 2024. Revenue fell sharply to €45.54 million, compared to €84.48 million in the same half of the previous year. This decline is explained by a negative impact on the video game market, marked by the postponement of major game launches and continued consolidation of mass retail players.

Gross margin decreased by €3.4 million, despite an increase in the gross margin rate. However, INNELEC implemented a savings plan to limit losses, with a cost reduction that includes job cuts, generating a net loss of €3 million.

The outlook for the second half is more positive with revenue on an improving trajectory. For 2025-26, INNELEC hopes for a return to profitability encouraged by the launch of new consoles and a stimulating market.