Bigben Interactive
Press release
25 July 2016, 18:00
1st QUARter sales of fy 2016/2017: € 38.0 M, UP 9.5 %
Sales growth in the three business segments
Confirmation of Group's annual targets
| IFRS - € Millions Sales | 2016/2017 | 2015/2016 | Change |
| 1st Quarter | 38.0 | 34.7 | + 9.5% |
| Of which : Gaming Mobile Audio | 10.0 22.7 5.3 | 8.7 21.1 4.8 | + 14.3% + 7.6% + 9.2% |
Unaudited data
In 1st quarter of fiscal year 2016/2017 (from April 1st until June 30, 2016), Bigben Interactive achieved € 38.0 M sales up by 9.5 % when compared with the same period of previous fiscal year.
All business segments grew with in particular an acceleration of video game sales in line with the Horizon 2018 strategic plan. The 7.3 €M share capital increase in June 2016 through the exercise of BSA equity warrants consolidated this plan which provides for a significant increase in investments for the release of 6 games during the current financial year and of 8 to 10 games in FY 2017/2018.
GAMING
The Gaming segment was up by 14.3 % with 10.0 €M sales. This achievement is supported by video game publishing which strongly grew (7.4 times) to 4.5 €M sales, these being pulled by the success of the new "Sherlock Holmes, the Devil's Daughter" game on the one hand and by the growth of digital sales enabling to make the video game back catalogue profitable in the long run on the other.
Breakdown of activities by area, combining domestic and export sales from these areas
| Sales in € Millions | Q 1 2016/2017 | Q 1 2015/2016 | Change |
| France | 30.5 | 28.2 | + 8.4% |
| Benelux | 2.2 | 2.1 | + 2.8% |
| Germany | 2.6 | 2.0 | + 29.5% |
| Other territories | 2.7 | 2.4 | + 12.0% |
| Total | 38.0 | 34.7 | + 9,5% |
Outlook:
In the Mobile segment, the likely launch of a new iPhoneTM in September should strengthen the dynamics of sales of accessories for high-end smartphones, their success being based on the premium and innovative positioning of the Group's offering.
In the Audio segment, Bigben Interactive intends to further develop its market share through the renewal of part of the Thomson range.
The Group confirms the targets announced in May as follows:
- 2016/2017 : sales from 200 €m to 210 €m and a result from current operations over 5%,
- 2017/2018 : an accelerated sales growth and a result from current operations over 7%.
Upcoming publication:
Sales for 2nd quarter of FY 2016/2017: Monday 24 October 2016
Press release after close of business on Euronext Paris stock market
| ABOUT BIGBEN INTERACTIVE | |
| SALES 2015-2016 202,2M€ HEADCOUNT ca. 350 employees INTERNATIONAL 9 subsidiaries and a distribution network in 50 countries www.bigben-group.com | Bigben Interactive is a European player in video game publishing, the design and distribution of accessories for smartphones and video games as well as in audio products. The Group, which is recognized for its capacities in terms of innovation and creation, seeks to become one of Europe's leaders in each of its business segments. Company listed on Euronext Paris, compartment C - Index : CAC SMALL - Éligible SRD long ISN : FR0000074072 ; Reuters : BIGPA ; Bloomberg : BIGFP PRESS CONTACTS CapValue - Edouard Miffre emiffre@capvalue.fr - +33 1 80 81 50 02 CapValue - Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50 01 |
