Press release
Lesquin, 25 April 2022 – 18:00 hrs
FY 2021/22 SALES OF 275.7 M€, IN LINE WITH THE ANNOUNCED TARGET
CONFIRMATION OF FY 2022/23 TARGETS
BIGBEN INTERACTIVE (ISIN FR0000074072) today announced its annual sales for FY 2021/22 (period from 1st April to 31 March).
IFRS – M€ | 2021/22 | 2020/21 | Change |
Sales | |||
1st half year (April - Sept.) | 124.2 | 135.8 | -8.5% |
Nacon Gaming | 73.0 | 86.6 | -15.7% |
Bigben Audio / Telco | 51.2 | 49.2 | +4.1% |
3rd quarter (Oct. - Dec.) (1) | 91.3 | 87.3 | +4.5% |
Nacon Gaming | 51.2 | 48.6 | +5.2% |
Bigben AudioVidéo / Telco | 40.1 | 38.7 | +3.5% |
4th quarter (Jan - March) (1) | 60.3 | 69.7 | -13.6% |
Nacon Gaming | 31.7 | 42.6 | -25.6% |
Bigben AudioVidéo / Telco | 28.6 | 27.2 | +5.3% |
12 months (April - March) (1) | 275.7 | 292.8 | -5.8% |
Nacon Gaming | 155.9 | 177.8 | -12.3% |
Bigben AudioVidéo / Telco | 119.8 | 115.0 | +4.2% |
(1) Non audited data
Highlights :
Q4 2021/22 sales down 13.6% to 60.3 M€
NACON GAMING
The Video Games business posted sales of 12.9 M€, down 42.6% over the quarter. This change resulted from the postponement of several game releases to FY 2022/23, in particular the highly awaited Vampire: The Masquerade® - Swansong title.
The only release of the quarter, Rugby 22, was well received and outperformed Rugby 20.
The back catalogue (3) business performed well with sales up 12.7% to 6.9 M€.
The Accessories business held up well against a backdrop of a shortage of consoles and an unfavourable geopolitical and economic environment. It posted 17.9 M€ for Q4 sales, down 6.0%.
BIGBEN AUDIOVIDEO/TELCO
The business unit posted a 5.3% increase in Q4 sales at 28.6 M€.
2021/22 sales in line with the announced target
Over the entire FY 2021/22 hallmarked by a business context disrupted by several external factors (shortage of components, delay in the release of new game controllers or smartphones, etc.), Bigben achieved sales of 275.7 M€ within the announced range. Due to slightly lower than expected Q4 sales, current operating income is expected to be between 19 M€ and 21 M€ for the full year.
Ambitious targets confirmed for FY 2022/23
NACON GAMING
The quantity and quality of the games expected for FY 2022/23 will have a "booster" effect on the activity of this new financial year.
Due to the high level of editorial activity (Vampire: The Masquerade® - Swansong, Tour de France 2022 and Pro Cycling Manager, Zorro The Chronicles,), sales in Q1 2022/23 will be up sharply.
Following the acquisitions of Midgar Studio and Daedalic Entertainment, Nacon will further pursue its external growth strategy in order to strengthen its ability to develop new quality games internally.
BIGBEN AUDIOVIDEO/TELCO
In a market that could gradually return to normal in terms of components’ availability and allow for the upcoming release of the latest smartphones driving the Accessories business, Bigben anticipates growth for FY 2022/23.
This target is driven in the Mobile Accessories business by several growth vectors:
AudioVideo sales will benefit from the integration of Metronic over a full financial year and from synergies that are gradually being implemented.
In this context, the Bigben Group reiterates its target of achieving sales of between 400 M€ and 450 M€ in FY 2022/23 with a current operating margin in excess of 14 %.
Upon release of FY 2021/22 results on 30 May, the Bigben Group will detail its business plan for the current year.
(2) COI rate = Current Operating Income as a percentage of sales = Current Operating Margin
(3) Back catalogue : games released in previous financial years
(4) Pedestrian kits refer to wired headphones for smartphones
Next Publication:
Annual Results 2021/22: 30 May 2022 (Press release after close of the Paris stock exchange)
SALES 2010-22 275.7 M€ HEADCOUNT Over 1160 employees INTERNATIONAL 31 subsidiaries and a distribution network in more than 100 countries www.bigben-group.com | 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/video 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 PRESS CONTACTS CapValue – Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50 |
Attachment
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.