Europe steady in VTech results

VTech's latest results show sales of early learning products dipping, but the UK and German divisions starred in Europe.
Publish date:
Social count:

Group revenue (which includes its telecommunications division) was up 5.8 per cent for the full year to $1.53bn. Profit was up 44.2 per cent to $206.5m.

Sales of electronic learning products in the US fell 14.4 per cent to $235m.

In Europe, group revenue was $528.5m, down 7.3 per cent.

Sales of Kidizoom helped the UK and Germany remain stable while electronic learning sales fell 6.5 per cent across the continent to $241.7m.

"We have successfully managed our businesses through the adverse economic conditions, achieving an increase in revenue and a proportionally higher growth in profit," said Allan Wong, chairman and group CEO of VTech.

"Our ability to make further progress across our businesses in the face of very difficult market conditions testifies to the strength of the Group."

However, although the firm has high hopes for both its MobiGo and Storio lines, because of the decline in the value of the Euro, Wong says growth in Dollar terms will be "difficult to achieve" from Europe in the next financial year.


Featured Jobs

Vivid Job Logo 620 x 349

Digital Marketing Executive - Toys & Games

Vivid is Britain’s biggest toy company and the 20 largest in the world. With offices across the globe, they sell an amazing portfolio of toys and games to over 60 countries. Vivid is best known for its association with blockbuster brands and is very excited about future opportunities around the world.


UK Sales Agents

Liberty House Toys have been appointed as the exclusive UK distributor for the BiOBUDDi brand, and we are pleased to introduce this new unique, innovative and exciting range of 100% environmentally-friendly toy building blocks. We are seeking experienced sales agents with existing network in the toy retail market.

Gameplan Job Logo 620 x 349

Head of Product Development & Marketing

Our client is a privately owned French toy and games manufacturer which sells through distributors in forty countries. The company develops and sells innovative electronic interactive toys and games for the educational and gaming markets, and also takes suitable licenses. To progress its successful business development a Head of Product Development & Marketing is to to recruited.

HIT Entertainment Job Logo 620 x 349

Licensing Systems Administrator

The Contract System Coordinator is a newly created role to support the deal term entry process into Mattel’s new Contract Management System for its Licensing business. The role will support the Business Teams at the Deal & Amendment phase of the contracting process and act in conjunction with the System Administration team.