Guillemot Corporation Reports Strong Q1 2024 Results

Guillemot Corporation has announced a significant 28% increase in its turnover for the first quarter of 2024, reaching €27.8 million. This rise is attributed to strong performance in both its Thrustmaster and Hercules brands. Thrustmaster showed a remarkable recovery with a 28% surge in sales, driven by its racing wheels, despite a downturn in the market. The success comes just ahead of the release of new racing games which are expected to further boost sales.

Similarly, Hercules reported a 24% increase in revenue, bolstered by strong consumer sales of its new products at the NAMM Show and through advancements in streaming technology accessories. The company also highlighted the ongoing traction of its share buyback program, enhancing stockholder value through the repurchase and retirement of 400,000 shares. The financial outlook remains positive, with expected growth in sales and net operating profit for fiscal 2024.