Cybergun: return to profit in 2022, share price rises
July 03, 2023 at 08:16 am EDT
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Cybergun jumped by almost 10% on the Paris Bourse on Monday, after reporting a positive operating result and net profit for fiscal year 2022, the first time this has happened since 2010.
Following the merger with Verney-Carron, the manufacturer of licensed replica ballguns explained that it had benefited from the ramp-up of its military business, which generates gross margins significantly higher than those of its civilian activities.
Its consolidated sales for 2022 amounted to 43.3 million euros, representing growth of 31%, with the civilian business accounting for 63% of sales versus 37% for the military business.
Operating profit came to 1.1 million euros, compared with a loss of 1.3 million euros in 2021, while net profit, Group share, came to almost 500,000 euros.
The strength of its military division has also led to a profound transformation of the Group's economic profile, with a workforce of 242 at the end of 2022 (excluding Verney-Carron, which has around 100 employees), compared with 78 in 2021.
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CYBERGUN is the world leader in designing and distributing replica dummy weapons for video game aficionados, sport or outdoor shooting, and collectors. The activity is organized around two families of products:
- replica weapons: 1/1-scale replica which shoots 6-mm plastic balls. At the end of March 2023, CYBERGUN had 21 exclusive worldwide or European licenses (primarily Smith & Wesson, Famas, Desert Eagle, Colt, Taurus, Uzi, Mossberg, Tanfoglio, Schmeisser, Thompson, Sig Sauer, Kalashnikov, DPMS Blaser and Beretta);
- accessories and consumables: goggles, targets, plastic pellets, gas reloads, etc.
The products are manufactured by subcontractors.
Products are mainly marketed through wholesalers and specialty stores (gunsmiths, hunting and fishing stores, toy and video game stores), and also through large distribution chains.
CYBERGUN 
