Earnings Release • Jan 21, 2019
Earnings Release
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| IFRS – M€ Sales |
2018/19 | 2017/18 | Change |
|---|---|---|---|
| st Quarter 1 |
48.7 | 47.1 | +3.3% |
| 2 nd Quarter |
57.3 | 62.9 | -8.9% |
| rd Quarter (1) 3 of which: Gaming of which: Mobile of which: Audio |
80.3 31.6 34.5 14.2 |
80.1 27.5 36.3 16.3 |
+0.3% +14.9% -4.8% -13.0% |
| 9 months (cumulative) of which: Gaming of which: Mobile of which: Audio |
186.3 79.1 82.5 24.7 |
190.1 64.8 94.5 30.8 |
-2.0% +22.1% -12.7% -19.9% |
(1)Non audited data
For the 3rd quarter of its FY 2018/19 (from October to December 2018), Bigben succeeded in maintaining stable sales despite the adverse economic environment for consumption in France. This performance was made possible by the sustained strength of the Gaming business and the improvement in the other business segments compared to previous quarters.
The Gaming business was borne by the growth of digital sales of gaming software and posted 31.6 M€ sales in Q3 2018/19, an increase of 14.9% when compared to Q3 2017/18.
The Mobile business posted a slight decrease (4.8%) of sales to 34.5 M€ in Q3 2018/19. The success of Force Glass ® was confirmed with more than 3.5 million units sold since its launch. The Force ® range also progressed by 16.4% especially with the successful launch of Force Power ® (full range of high performance chargers and cables for smartphones).
In a market that remained lacklustre, quarterly sales declined by 13.0% over the period showing a sharp slowdown in the erosion of the activity thanks to the success of the Lumin'Us range during the Xmas period.
The favourable trend of the Gaming business is set to continue in the 4th quarter over the whole segment especially with the release in Publishing of Spike Volleyball and with the launch of new products in Accessories including the new Revolution Unlimited Pro Controller for PS4TM with its wired/non-wired option being eagerly anticipated by gamers.
The Group will also benefit in the 4th quarter from the first spin-offs of the partnership with Orange Spain which highlights the acceleration of the international deployment of the Mobile business, from the launch of the next Samsung premium smartphones marking the tenth anniversary of the Galaxy S format, as well as from the ongoing sales of accessories from its Force ® range.
The Audio business is expected to remain sluggish in the last quarter pending its rebound with the launch of numerous connected devices including voice control in 2019. In addition, the announced deployment of DAB technology in 2019-2020 should open many opportunities in this segment.
The level of activity since the beginning of the financial year allows the Group to confirm its annual targets with sales ranging between 240 M€ and 255 M€ and a current operating margin strongly increasing between 8.7% and 9.0%.
In addition, the Group is pursuing its strategic developments in its target markets to achieve the goals set in its "BIGBEN 2022" plan including 350 M€ sales for the 2021/22 financial year and a Current Operating Margin of 12%.
Press release after close of the stock market
| ABOUT BIGBEN INTERACTIVE | |
|---|---|
| SALES 2017-2018 245.4 M€ |
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 business segments. |
| HEADCOUNT over 600 employees |
Company listed on Euronext Paris, compartment B – Index : CAC SMALL – Eligible SRD long ISN : FR0000074072 ; Reuters : BIGPA ; Bloomberg : BIGFP |
| PRESS CONTACTS | |
| INTERNATIONAL 12 subsidiaries and a distribution network in 100 countries |
CapValue – Gilles Broquelet [email protected] - +33 1 80 81 50 01 |
| www.bigben-group.com |
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