PRESS RELEASE: BIGBEN: Q1 2021/22 Sales
26 Juli 2021 - 5:50PM
PRESS RELEASE: BIGBEN: Q1 2021/22 Sales
Bigben
Press release
Lesquin, 26 July 2021 18:00 hrs
Q1 2021/22 Sales:
56.7
M€
(+2.8%)
- High
sales history
for Nacon
Gaming
- Favourable
base effect for
Audio-Telco
Confirmation of
FY 2021/22 and FY
2022/23 targets
IFRS – M€Sales |
2021/2022 |
2020/2021 |
Change |
1st QuarterNacon GamingBigben Audio-Telco |
56.733.723.0 |
55.238.017.2 |
+2.8%-11.3%+33.9% |
Non audited data
In Q1 FY 2021/22 (April 1 to June 30, 2021),
Bigben posted sales of €56.7 million, an increase of 2.8%, driven
by Audio-Telco, which benefited from a favourable comparison basis,
unlike the Nacon Gaming business unit, demonstrating the benefit
from being present across several markets.
NACON GAMING
In Q1 2021/22, Nacon achieved sales of 33.7 M€,
down 11.3% on Q1 2020/2021. Despite an unfavourable comparison
basis, the back catalogue showed a positive momentum.
-
Games: The segment posted sales of 12.2 M€, down 16.0% compared
with Q1 2020/21, whose back catalogue sales had been boosted by
340% by lockdown. The back catalogue demonstrated its resilience
with sales of 9.2 M€ against 10.8 M€ in Q1 2020/21 during the first
lockdown, to be compared to 2.4 M€ in Q1 2019/20. The Roguebook
(81% positive reviews on Steam) and Pro Cycling Management / Tour
de France 2021 games released during the quarter were also well
received.
-
Accessories: The Accessories segment recorded sales of 20.6 M€,
down 8.8%, as the introduction of RIG headsets in the USA generated
very high sales in Q1 2020/21 during lockdown. Sales of other
accessory ranges rose by 19%, thanks in particular to the very good
performance of both PlayStation®4 controllers and Pro Compact
controllers for Xbox®.
BIGBEN AUDIO-TELCO
The Audio-Telco business unit posted sales of
23.0 M€ in Q1 of FY 2021/22, up 33.9% compared with Q1 2020/21.
Bigben also continued to improve its product mix in order to
optimise its margins.
-
Mobile Accessories recorded sales of 18.6 M€ over the period, up
25.4%. Turnover was driven in particular by strong sales growth for
the Bigben®, Force Power® and Just Green® ranges of energy
chargers.
-
Audio posted an 83.9% increase in quarterly sales to 4.3 M€,
benefiting from strong sales of Thomson and Bigben Party®
products.
Outlook
Bigben remains cautious about its forecast for
Q2 2021/22 given a less favourable comparison basis for
Audio-Telco.
NACON GAMING expects the release of the RIMS
Racing and WRC®10 games as well as the launch of the Revolution X
Pro Controller for Xbox®.
After a summer expected to be low-key, the
BIGBEN AUDIO/TELCO business should be redressed by the release of
new premium smartphones in September. Sales should be driven by
product innovations in Audio, by sales in the new retail channels
recently listed and the expansion of the Just Green® range in
Mobile accessories. In addition, there will be new sales
opportunities in the Energy segment.
Confirmation of targets for FY 2021/22
and FY 2022/23
After a first half marked by extraordinary base
effects, the Group is confident in its ability to grow in the
second half and confirms its targets for FY 2021/22, with sales
between 300 and 320 M€ and a COI (1) rate of 13%.
NACON GAMING's sales are expected to grow in the
second half of FY 2021/22. They should be supported by more game
releases, including Blood Bowl 3® and Vampire: The Masquerade® -
Swansong, a cult role-playing game with 30 million players
worldwide. The Accessories business should benefit from a currently
year on year higher order book.
In a more favourable environment with the
deployment of the 5G network, the BIGBEN AUDIO/TELCO business
should benefit from a commercial revival driven by sales in new
channels and the success of premium smartphones, always with a
recurring view to improving margins.
Given the FY 2022/23 targets confirmed (2) by
NACON GAMING (Launch in 2022/23 of 4 major games: Test Drive
Unlimited Solar Crown, SteelrisingTM, The Lord of the Rings™:
Gollum™ and SessionTM ), the BIGBEN Group also confirms its targets
for FY2022/23 i.e. sales between 360 and 390 M€ and a COI(1) rate
in excess of 14%.
Dividend 2021
Bigben Interactive's Board of Directors
submitted a 0.30€ dividend per share for FY 2020/21 to the vote of
the Annual General Meeting to be held on 30 July 2021. Shares
should be traded ex-dividend as of August 2, 2021 and dividends
should be payable on August 4,2021.
(1) COI rate = Current
Operating Income as a percentage of sales= Current Operating Margin
(2) Nacon press release on 26 July 2021
Upcoming
events:Annual General Meeting:
Friday 30 July
2021
Q2 2021/22 Sales:
25 October
2021, Press
release after close of the Paris stock exchange
ABOUT BIGBEN
INTERACTIVE |
SALES 2020-21292.8
M€ HEADCOUNTCa. 920
employees INTERNATIONAL23 subsidiaries and a
distribution network in 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
longISN : FR0000074072 ; Reuters : BIGPA ;
Bloomberg : BIGFP PRESS CONTACTSCapValue
– Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50
01 |
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