PRESS RELEASE: BIGBEN: RETURN TO GROWTH FOR Q3 2021/22 (+4,5%)
24 Januar 2022 - 5:50PM
PRESS RELEASE: BIGBEN: RETURN TO GROWTH FOR Q3 2021/22 (+4,5%)
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:
- As expected, the 3rd quarter of FY
2021/22 returned to growth after a first half impacted by a high
comparison basis. Driven by the sound performance of both business
units, Group sales rose by 4.5% over the period to 91.3 M€.
- As a result, cumulative sales for
the first nine months of FY 2021/22 reached 215.4 M€, representing
a limited year-on-year decline of 3.4%, after an 8.5% fall in the
first half.
- At the end of the 4th quarter, the
Bigben Group should achieve the targets announced at the time of
the publication of the half-year results for 2021/22.
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.
- Games: This activity posted sales
of 14.3 M€, up 3.4% over the quarter. This increase was driven by
the release of Cricket 22®, which got off to a commercial start in
line with expectations. The back catalogue(3) held up well with
sales of 5.5 M€.
- Accessories: This activity also
grew by 7.4% to 34.9 M€ over the period. The 3rd quarter of FY
2021/22 saw the release of the new Revolution X Pro Controller.
This good performance could have been amplified without the
worldwide shortage of consoles (PlayStation®4 and new generation
consoles).
BIGBEN AUDIOVIDEO/TELCO
The business unit posted sales of 40.1 M€, up
3.5% compared to Q3 2020/21.
-
Mobile Accessories sales rose by 11.7% over the period to 29.0 M€.
This momentum was driven by the Force Power®, Bigben®, Force Case®
and Just Green® ranges, bolstered by the success of the new iPhone
13 and premium smartphones that are gradually being delivered
without chargers. The expansion to other distribution channels also
contributed to this growth.
-
Audio/Video recorded quarterly sales of 10.9 M€ compared with 12.6
M€ in Q3 2020/21, impacted by the refocusing of sales on higher
value-added products.
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
- In Q4 2021/22,
Nacon Gaming will continue to benefit from the success of Cricket
22® and the launch of Rugby22®. However, Games sales are expected
to be significantly down, given a weak publishing activity over the
period with the postponement of Vampire: The Masquerade®- Swansong
release to FY 2022/23.
- After the success of the Revolution
X Pro Controller for Xbox® launched in October 2021, Accessories
will enjoy ongoing sales in Q4 of headsets (PlayStation®4,
PlayStation®5, Xbox One®, Xbox® Series X|S) and controllers for
PlayStation®4 and Xbox® Series X|S.
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 fleeto 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 2020-21292.8
M€ HEADCOUNTOver. 1060
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 |
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