PRESS RELEASE: BIGBEN: 1st Half year 2021/22 Sales
25 Oktober 2021 - 6:00PM
PRESS RELEASE: BIGBEN: 1st Half year 2021/22 Sales
Press release
Lesquin,
25 October 2021 18:00hrs
1st Half year
2021/22 Sales:
124.0 M€
(-8.7%)
- High
sales history for Nacon
Gaming
- Favourable outlook for the
2ND half year
-
Confirmation of
2021/22 and 2022/23 targets
IFRS – M€ |
2021/22 |
2020/21 |
Change |
Sales (1) |
1st Quarter (April - June) |
56.7 |
55.2 |
+2.8% |
|
|
|
|
Nacon Gaming |
33.7 |
38.0 |
-11.3% |
Bigben Audio / Telco |
23.0 |
17.2 |
+33.9% |
|
|
|
|
2nd Quarter (July - Sept.) |
67.3 |
80.6 |
-16.5% |
|
|
|
|
Nacon Gaming |
39.2 |
48.6 |
-19.5% |
Bigben Audio / Telco |
28.2 |
32.0 |
-11.9% |
|
|
|
|
1st Half year (April - Sept.) |
124.0 |
135.8 |
-8.7% |
|
|
|
|
Nacon Gaming |
72.8 |
86.6 |
-15.9% |
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
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.
- Games:
Over the period, the video games business generated sales of 14.9
M€, down 18.7% compared to Q2 2020/21, when sales were boosted by a
higher level of editorial activity. The releases of WRC®10, RIMS
Racing and Rogue Lords achieved good commercial results. With few
new games from 2020/21, the back catalogue nevertheless
demonstrated its resilience with sales of 6.9 M€, virtually stable
when compared to Q2 2020/21.
- Accessories: In
Q2 2021/22, the Accessories business recorded sales of 23.2 M€,
down 20.1% compared to Q2 2020/21, which was considered as an
exceptional quarter. Against a backdrop of component shortages, the
Group strengthened its positions in Europe by anticipating supplies
and proactively managing its inventories, particularly controllers
for the PlayStation®4 console. In North America, sales were
strongly impacted by transport difficulties and many deliveries
initially planned for September were postponed to October and
November.
BIGBEN AUDIO-TELCO
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.
- Mobile
Accessories generated sales of 21.7 M€ over the period, with the
15.1% decline masking increased sales of products such as Bigben®,
Force Power® and Just Green® chargers. Premium smartphones, which
are gradually being delivered without chargers, are boosting sales
of the charging equipment ranges. Business was also boosted in
September by the release of the new iPhone 13.
- Audio posted
quarterly sales of 6.5 M€ up 3.6%, thanks in particular to the
success of Bigben Party speakers and the further listings in new
points of sale.
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.
NACON GAMING
- In the 2nd Half
of FY 2021/22, Nacon expects sales growth with more video game
releases including Vampire: The Masquerade®- Swansong. At the same
time, the Accessories business will be supported by the launch of
the Revolution X Pro controller for Xbox® and continued sales of
headsets and controllers for PlayStation®4 and Xbox® Series
X|S.
BIGBEN AUDIOVIDEO/TELCO
- With the
acquisition on 15 October 2021 of METRONIC (24 M€ sales in FY
2020), one of the European leaders in image processing, Bigben now
has an "AudioVideo/Telco" business unit. This
transaction will enable the unit to expand its connected
audio-video offer, to open up new distribution channels (in
particular DIY & Decoration, Home Universe) and to accelerate
its export sales with dedicated subsidiaries in Italy and
Spain.
- The gradual
renewal of the mobile phone installed base with 5G smartphones and
the rapid penetration of new USB-C and Power Delivery charging
technologies offer growth opportunities in the personal computer
equipment market (PCs, tablets, etc.).
- In addition,
thanks to a policy of anticipating purchases for the end-of-year
holidays, the business unit should be barely inconvenienced by
shortages of electronic components or transport delays.
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
Next meeting:
Half-yearly results 2021/2022
Monday 29 November 2021: Press release after close
of the Paris stock exchangeTuesday 30 November
2021: SFAF meeting
ABOUT BIGBEN
INTERACTIVE |
SALES 2020-21292.8
M€ HEADCOUNTOver. 1040
employees INTERNATIONAL28 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
longISN : FR0000074072 ; Reuters : BIGPA ;
Bloomberg : BIGFP PRESS CONTACTSCapValue
– Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50
01 |
- PR_BBI_CA_T2 2021-22_Diffusion_Eng
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