Innelec: Turnover down in the first half of 2024/25

Innelec Multimedia recorded a turnover of 45.5 million euros in the first half of 2024/25, a decrease of 46% compared to the previous year. This decrease is mainly attributed to a degraded market. Console sales fell by 48%, games by 34.4%, and accessories by 4.7%, according to the GSD panel for the French market.

The consolidation of major brands, such as the closure of Casino outlets and the takeover of Cora by Carrefour, also impacted sales. However, Innelec notes a relative stability in Konix sales (-5%) and an increase in licensed derivative products (+4.6%).

The outlook looks brighter with PS5 sales catching up, the launch of the new Switch and a rich editorial offering in 2025.