on INNELEC MULTIMEDIA (EPA:INN)
Innelec's revenue is expected to decline by 10% in the first quarter of 2026-27.
Innelec reported revenue of €14.4 million for its first quarter of fiscal year 2026-27, a 10% decrease compared to the previous year. This decline is primarily due to a 21.2% drop in console sales, impacted by an unfavorable comparison base related to the launch of the Switch 2 the previous year.
Video game sales held steady with a slight increase of 0.1%, supported by strong publishing activity. Accessories, representing 31% of revenue, saw a 3% increase, driven in particular by high-tech products that align with the group's diversification strategy. Licensed merchandise, despite a 4% decline, continued to grow in importance within sales.
R. E.
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