Lesquin, 25 October 2021 18:00hrs
1st Half year 2021/22 Sales: 124.0 M€ (-8.7%)
|IFRS – M€||2021/22 ||2020/21 ||Change |
|1st Quarter (April - June)||56.7||55.2||+2.8%|
|Bigben Audio / Telco||23.0||17.2||+33.9%|
|2nd Quarter (July - Sept.)||67.3||80.6||-16.5%|
|Bigben Audio / Telco||28.2||32.0||-11.9%|
|1st Half year (April - Sept.)||124.0||135.8||-8.7%|
|Bigben Audio / Telco||51.2||49.2||+4.1%|
(1) Non audited data
67.3 M€ sales in Q2 2021/2022
In Q2 2021/2022, Bigben recorded sales of 67.3 M€, a 16.5% decline taking into account a high basis of comparison for Nacon Gaming and for Audio / Telco.
Nacon Gaming achieved 39.2 M€ sales in Q2 2021/22. These were down 19.5% compared with Q2 2020/21, due to an unfavourable base effect and the situation in the US market which was severely impacted by disruptions in the Asia/USA supply chain.
The Audio-Telco business unit recorded sales of 28.2 M€ in Q2 2021/22, down 11.9% when compared to Q2 2020/21, which benefitted from post-confinement catch-up sales.
A 1st Half year impacted by base effects linked to the first lockdown
Bigben's 1st Half year sales for FY 2021/2022 amounted to 124.0 M€, a 8.7% drop when compared to the 1st Half year of the previous financial year. This trend takes into account a high comparison base for Nacon Gaming, dampened by a less unfavourable base effect for Audio/Telco.
Favourable outlook for the 2nd Half year
Bigben expects a dynamic 2nd Half year, driven by the prospects for Nacon Gaming and the integration of METRONIC's accounts into the Group's AudioVideo/Telco business as of 15 October 2021.
Confirmation of targets for FY 2021/22 and FY 2022/23
Bigben confirms its FY 2021/22 targets with sales between 300 M€ and 320 M€ and a COI (1) rate of 13%.
Thanks to the FY 2022/23 targets of Nacon Gaming, the Bigben Group also confirms its targets for FY 2022/23 with sales (excluding METRONIC) between 360 M€ and 390 M€ and a COI (1) rate exceeding 14%.
* COI rate = Current Operating Income to sales = Current Operating Margin
Half-yearly results 2021/2022
Monday 29 November 2021: Press release after close of the Paris stock exchange
Tuesday 30 November 2021: SFAF meeting
ABOUT BIGBEN INTERACTIVE
Over. 1040 employees
28 subsidiaries and a distribution network in more than 100 countries
Bigben Interactive is a European player in video game development and publishing, in design and distribution of smartphone and gaming accessories as well as in audio products. The Group, which is recognized for its capacities in terms of innovation and creativity, intends to become one of Europe’s leaders in each of its markets
Company listed on Euronext Paris, compartment B – Index: CAC Mid & Small – Eligible SRD long
ISN : FR0000074072 ; Reuters : BIGPA ; Bloomberg : BIGFP
CapValue – Gilles Broquelet email@example.com - +33 1 80 81 50 01
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