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Abeo generated revenue of €56 million in the first quarter of 2022/23, an increase of 27.4%, including merging its recent acquisitions, Eurogym and BigAirBag (a contribution of 1.5% during the quarter). Although business in Asia continued to be affected by the pandemic, organic growth during the period remained very strong at 23.1%, benefiting from strong growth in the three divisions and a confirmed recovery in the US in sports and entertainment. The period benefited from a positive exchange rate effect of 2.9% (the appreciation of the dollar).
Aubay generated sales of 128.9 million euros in the second quarter, up 10.1% on a like-for-like basis. The consultants’ productivity rate was 95.2% compared to 93.8% in the previous year. Net employment accelerated during the second quarter, bringing the workforce to 7,442 employees, compared to 6,888 people on June 30, 2021. Supported by the positive calendar effect as well as green indicators, business operating margin in the first half should be around 10%, higher than in the first half from the year 2021.
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Event heavyweight GL Events reported a net profit of €16.8 million in the first half, compared to a loss of €27.7 million at the end of June 2021. The turnover was €524.7 million, up 150% compared to the first half of 2021. Performance illustrates Dynamic recovery of activity in all geographies in which the group is present except for China. Ebitda was priced at €63.9 million (-€2.4 million at the end of June 2021) with an EBITDA margin of 12.2 (-1.2% at the end of June 2021).
LDLC Group, a distributor specializing in computers and high-tech products, posted consolidated revenue of €126.3 million in the first quarter of 2022/2023, down 22.8% compared to the same period last year. However, compared to the previous comparable quarter before Covid (Q1 2019-2020, for example, excluding top buying), the quarterly activity level is up 10%.
Oeneo continued its growth momentum at the beginning of the 2022-2023 financial year, with first-quarter revenue of €88.3 million, up 14.5% (+13.9% at constant rate).
Ubisoft’s net bookings in the first quarter of 2022-23 amounted to €293.3 million, down 10% (14.2% at constant exchange rates). The adjusted revenue equivalent, which serves as the benchmark in the video game segment, exceeded the target by about 280 million euros. The performance exceeded expectations for the Assassin’s Creed and Tom Clancy’s Rainbow Six Siege brands. Ubisoft has announced that Avatar: Frontier of Pandora has shifted to 2023-24.