3rd quarter 2024/25 turnover: Innelec records €51 million

Innelec Multimedia's press release reveals a turnover of 51 million euros for the third quarter of the 2024/25 financial year. This figure represents a decrease of 16% compared to the previous year. The first nine months of the financial year show a total turnover of 96.5 million euros. Despite the weak editorial news, Konix sales are holding up with a decrease of 1%, and console sales are increasing by 5%.

The company has initiated a cost reduction plan, including a workforce adjustment, expected to generate savings of €1.3 million from April 2025. The total cost reduction for the 2024-25 financial year is estimated at €2.3 million.

Innelec expects a gradual improvement in activity for 2025-26. The outlook is supported by the launch of a new Nintendo console and expected video games, as well as the opening of a new e-commerce site.