INNELEC turnover to decline for the first quarter of 2024/25

INNELEC MULTIMEDIA recorded a turnover of 15.6 million euros for the first quarter of 2024/25, a decrease of 57% compared to 36.2 million euros for the previous financial year.

This drop is explained by a significant decrease in sales of game consoles (-50%) and physical games (-52%) on the French market. Licensed derivative products and KONIX accessories held up better, with decreases of 12% and 17% respectively.

To cope with this contraction, INNELEC has implemented a savings plan including a reduction in overheads and a redundancy plan, generating overall savings of 1 million euros.

Despite these difficulties, the company anticipates a rebound in the coming months thanks to new developments in the video game ecosystem and the improvement of their online commerce platform.