Bigben Press release
Lesquin, 24 January 2022 – 18:00
RETURN TO GROWTH FOR Q3 2021/22 (+4,5%)
CONFIRMATION OF 2021/22 & 2022/23 TARGETS
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. - Déc.) (1) | 91.3 | 87.3 | +4.5% |
Nacon Gaming | 51.2 | 48.6 | +5.2% |
Bigben AudioVideo / Telco | 40.1 | 38.7 | +3.5% |
Cumulative 9 months (Apr. – Dec.) (1) | 215.4 | 223.1 | -3.4% |
Nacon Gaming | 124.2 | 135.3 | -8.2% |
Bigben AudioVideo / Telco | 91.2 | 87.8 | +3.9% |
(1) Non audited data
Highlights:
Q3 2021/22 sales up 4.5% to 91.3 M€
NACON GAMING
In Q3 2021/22, Nacon returned to growth after two quarters which had been impacted by a very high comparison basis due to the lockdown periods favourable to the business. Sales growth over the period was driven by the strong performance of the games catalogue(2) and gaming accessories.
BIGBEN AUDIOVIDEO/TELCO
The business unit posted sales of 40.1 M€, up 3.5% compared to Q3 2020/21.
In this context, the business unit is successfully pursuing its actions for margin recovery thanks to an improved product mix.
Confirmation of FY 2021/22 targets
For FY 2021/22, Bigben confirms its targets with sales ranging from 270 M€ to 300 M€ and a current operating profit around 24 M€.
NACON GAMING
BIGBEN AUDIOVIDEO/TELCO
The business unit will benefit from several growth drivers including:
o the first synergies with Metronic (European leader in image processing, in the field of connected audio-video),
o the gradual development of 5G, which will encourage the renewal of the mobile phone fleet
o the launch of numerous smartphones without chargers.
Confirmation of FY 2022/23 targets
For 2022/23, the Group anticipates a strong sales growth in its two core businesses, with revenues ranging from 400 M€ to 450 M€ and a current operating margin(4) exceeding 14%.
This growth will come in particular from a buoyant publishing activity of Nacon Gaming (release of more than 15 games over the year including the highly anticipated Vampire: The Masquerade®- Swansong and 4 other major games (SteelrisingTM, The Lord of the Rings™: Gollum™, Session™ and Test Drive Unlimited Solar CrownTM) and from a Bigben AudioVideo/Telco business unit boosted by the positive trends of the 5G smartphone market and by the full-year consolidation of Metronic.
Suspension of the liquidity contract in the context of the exceptional distribution in kind of Nacon shares
In the context of the exceptional distribution in kind of Nacon shares by Bigben Interactive, the precise specifications of which were the subject of a detailed press release dated 16 December 2021, available on the Company's website, the liquidity contract concluded between the Company and ODDO BHF SCA is suspended as of 24 January 2022 (inclusive) until 3 February 2022 (inclusive).
The liquidity contract will resume on 4 February 2022, the payment date for the exceptional distribution.
(2) Catalogue: games released during the current financial year
(3) Back catalogue: games released in previous financial years
(4) COI Rate = Current Operating Result as a percentage of sales = Current Operating Margin
Next Publication :
Q4 2021/22 Sales: 25 April 2022, Press release after close of the Paris stock exchange
ABOUT BIGBEN INTERACTIVE | |
SALES 2020-21 292.8 M€ HEADCOUNT Over. 1060 employees INTERNATIONAL 28 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 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 01 |
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