Earnings release
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Guillemot CORPORATION Carentoir , September 23 , 2021 2021 INTERIM CONSOLIDATED RESULTS Key items from the Guillemot Corporation Group's financial statements to June 30 , 2021 are as follows : First half ( € millions ) January 1 - June 30 , 2021 June 30 , 2021 June 30 , 2020 Change Thrustmaster gaming accessories 66.8 38.9 + 72 % Thrustmaster total 66.8 38.9 + 72 % Hercules digital devices 3.5 2.3 + 52 % OEM * 0.2 0.3 -33 % Hercules total 3.7 2.6 + 42 % Total turnover 70.5 41.5 + 70 % Net income from ordinary activities 13.3 3.1 + 316 % Net operating income 13.3 3.1 + 316 % Net financial income ** -9.3 5.3 Corporate income tax -0.3 -1.1 -73 % Consolidated net income 3.7 7.3 -50 % Earnings per share € 0.24 € 0.48 -50 % * Accessories developed for third party companies ( Original Equipment Manufacturers ) . Activity ** Net financial income includes the cost of net financial debt as well as other financial expenses and income . The Group's turnover grew 70 % in the first half of 2021 , to € 70.5 million . The Group posted second - quarter turnover of € 34.7 million , up 23 % compared with the second quarter of 2020 , when turnover had already doubled relative to the same period in 2019 . This performance confirms buoyant sales of the Group's accessories in the Thrustmaster racing and flight segments , as well as the Hercules DJing segment . All geographical regions ( European Union and United Kingdom , North America and Other ) posted growth in the second quarter , and demand remains high . Results The gross accounting profit margin came in at 55 % , compared with 51.5 % in the first half of 2020 . The Group stepped up its recruitment efforts over the period , with its global headcount up 11 % in the year to date , as well as running sales promotions and marketing campaigns to support business growth . Total costs increased by 38 % . Net operating income came in at € 13.3 million , compared with € 3.1 million for the six months to June 30 , 2020 . The net financial expense of € 9.3 million included an € 8.8 million unrealized loss linked to the decline in the valuation of the portfolio of Ubisoft Entertainment SA shares . Consolidated net income totaled € 3.7 million . Key balance sheet items ( € m ) June 30 , 2021 December 31 , 2020 Shareholders ' equity 80.2 79.7 Inventories 26.7 20.6 Net debt ( excl . AFS securities ) * -15.1 -18.2 Current financial assets ( AFS securities portion ) 26.2 35.0 * Available - for - sale ( AFS ) securities are not taken into account when calculating net debt .