PRESS RELEASE: BIGBEN: 1st HALF 2022/23 SALES: 138.5 M€
Press release
Lesquin, 24 October 2022 18 :00
1st
HALF 2022/23 SALES: 138.5
M€ (+11.5%)
BIGBEN INTERACTIVE (ISIN FR0000074072) today announces its
consolidated sales for the first half of FY 2022-2023 (period from
1 April 2022 to 30 September 2022).
IFRS – M€ |
2022-23 |
2021-22 |
Change % |
Sales – non audited |
1st Quarter (April-June) |
70.0 |
56.7 |
+23.5% |
2nd Quarter (July-Sept.) |
68.4 |
67.5 |
+1.4% |
|
|
|
|
Nacon Gaming |
35.2 |
39.3 |
-10.6% |
Bigben AudioVideo / Telco |
33.3 |
28.2 |
+18.1% |
|
|
|
|
1st Half-Year (April-Sept.) |
138.5 |
124.2 |
+11.5% |
|
|
|
|
Nacon Gaming |
77.5 |
73.0 |
+6.2% |
Bigben AudioVideo / Telco |
60.9 |
51.2 |
+19.1% |
|
|
|
|
Highlights
- With a 19.1% increase in sales in the first
half of the year to 60.9 M€, BIGBEN Audiovideo/Telco sported a
sustained growth, mainly due to the strong momentum of its "Mobile"
business.
- NACON Gaming recorded a 6.2% increase in sales
to 77.5 M€ in the first half. Video games grew by 72.3% to 47.0 M€,
although the total activity was still impacted by the weakness of
the accessories market.
Sales for Q2
2022-23 at 68.4
M€
NACON GAMING posted 35.2 M€
sales for Q2 2022-23
VIDEO GAMES: Catalogue sales (new games) rose by
31.0% to 10.5 M€, driven by the latest releases. The quarter saw
the release of SteelrisingTM and Session Skate SimTM in September.
However Catalogue sales for the period, although thriving, remained
below the Group's forecast. The very good performance of the Back
Catalogue (games released in previous years) posting sales up 25.7%
to 8.9 M€, validates the Group's medium-term strategy.
ACCESSORIES: Over the quarter, Accessories sales
came to 14.6 M€, down 37.2%. This business remained impacted by a
very high base effect, particularly in the USA, and by a sharp
decline in the global headset market.
BIGBEN –
Audiovideo/Telco
posted sales of 33.3 M€ in the second quarter of 2022-23, up
18.1%.
Very good performance by Mobile Accessories:
Despite a contraction in volumes in the Mobile market, sales in
this business rose by 16.6% to 25.3 M€ in the quarter, boosted by
the removal of original chargers and pedestrian kits from the
majority of new smartphones and by the high sales (+34%) of the
Force® ranges.
AudioVideo recorded sales of 8.0 M€, up 25%
compared to Q2 2021-22.
Over the first half of the current financial
year, BIGBEN - Audiovideo/Telco recorded a 19.1% growth to 60.9 M€.
Mobile accessories were up 16.4% to 46.9 M€ and AudioVideo was up
29.6% to 14.0 M€ (including 6.1 M€ from the consolidation of
Metronic).
Expected trends for the second half of
the year
NACON GAMING
After the release of Vampire: The Masquerade®-
Swansong, Session Skate SimTM and SteelrisingTM in the first half
of the year, publishing will see busy news in the second half of
2022-23.
The third quarter will see the release after a
two-month slippage of WRC Generations. Recognised as the best rally
game on the market́, it will bring together all the generations of
cars (from 1973 to 2022) for the first time. In addition, several
games scheduled for Q3 will finally be released in Q4:- Blood Bowl®
3, a game close to American football in a fantasy environment, a
new installment in the successful Blood Bowl franchise.- Chef Life,
in partnership with the Michelin Guide.- Clash, in the thriving
fighting game segment.- Transport Fever 2 Console Edition, for
PlayStation®4, PlayStation®5, Xbox One and Xbox Series.
In Accessories, despite the commercial success
of the RIG pro Series 300, 500 and 800 gaming headsets, activity in
the second half of the year should remain on the same trend as in
the first half.
BIGBEN AUDIOVIDEO/TELCO
In the second half of the year, Bigben
AudioVideo/Telco's activity will continue to be driven by the very
good sales momentum of the Premium brands and by the confirmed
listing of the new range of Audio products for the end-of-year
celebrations/seasonal sales.
In the second half of the year, BIGBEN -
Audiovideo/Telco will continue to grow with the extension of the
Force® ranges and the increase in synergies with the Metronic group
in France and abroad.
FY 2022-23
targets
Given the current news at NACON Gaming, with
Catalogue sales that will be below expectations, due in particular
to the later release of several major games, to a downturn in the
Accessories business and to tensions in the supply of new consoles,
the BIGBEN Group will not be in a position to achieve its FY
2022-23 target i.e. sales of 400 M€ and a current operating income
in excess of 55 M€.
Nevertheless, sales for the year and the current
operating income of the BIGBEN Group will be higher than in the
previous year.
Concerning NACON Gaming, the highly anticipated
release of The Lord of the Rings GollumTM , an iconic character
from the world of J.R.R. Tolkien's novel The Lord of the Rings,
is.now scheduled for 2023.
FY 2023-24
targets
NACON Gaming anticipates a strong growth driven
both by sales of games to be released at the end of FY 2022-23
which will thus feed the back catalogue, and by a qualitative and
varied publishing output. This development of the back catalogue
will automatically accelerate growth and have a positive impact on
operating profitability.
Banking on a growth expected to be sustained for
NACON Gaming and on the BIGBEN Audiovideo/Telco business expected
to remain buoyant in FY 2023-24, the Group expects a strong growth
as from the next financial year and reaffirms its confidence in its
medium-term prospects.
Upcoming events:
Half-year results 2022-2023 Monday 28
November 2022 : Press release after close of the
Paris stock exchangeTuesday 29 November 2022 :
SFAF Meeting
SALES 2021-22 275.7 M€ HEADCOUNT
Over 1200 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 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 ISIN : FR0000074072 ;
Reuters : BIGPA ; Bloomberg : BIGFP PRESS CONTACTS
CapValue – Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50
01 |
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