PulluP: record half-year results, but the stock market shunned them

(CercleFinance.com) - PulluP Entertainment's share price was down on the Paris Bourse on Friday, despite last night's publication of "record" results for its first half-year.


Boosted by the dynamic performance of the title "Warhammer 40,000: Space Marine 2", the video game designer's sales reached 234.3 million euros in the first half of its 2024/2025 financial year, almost three times higher than the 85 million euros recorded for the same period last year.

In a press release, the company highlights the "historic" success of "Warhammer", which has attracted over five million unique players to date.

Gross operating profit (Ebita) came to 48.3 million euros, compared with a loss of 1.5 million euros in the first six months of the previous year.

PulluP underlines that its performance was accompanied by 'very strong cash generation'

'As a result, earnings are expected to rise sharply over the year, and net debt to fall sharply', says CFO Aurélien Briand.

The Group also expects to exceed, both over the current year and the following two years, its record performance set in fiscal 2022/23.

Finally, PulluP announced the implementation of a share buyback program, but this did not prevent the publication from being shunned on the stock market on Friday, with the share down 1.4% by mid-day.

After a gain of over 36% this year, investors seemed to be using these solid results as an excuse to take some profits on the stock.

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