2013-01-23 17:42:56 -
23 January 2013, 18:00
Press release
Sales of 126.1 €m over a 2012/13 nine month period
7.6% growth like for like
* Further growth of mobile phone accessories and audio products
* Contrasted evolution of sales in the video game segment
* Confirmation of annual targets
+--------------+------------+------------+--------+-----------------+-------+
| | 2012/13 | 2011/12 | | 2011/12 | |
| | | | | | |
|IFRS - €mSales|Reported (1)|Reported (2)| Change |Like for like (3)|Change |
+--------------+------------+------------+--------+-----------------+-------+
|1(st) Quarter | 31.5 | 11.8 |+168.2 %| 26.6 |+ 18.3%|
+--------------+------------+------------+--------+-----------------+-------+
|2(nd) Quarter | 34.6 | 20.9 |+ 65.6 %| 32.3 |+ 7.1% |
+--------------+------------+------------+--------+-----------------+-------+
|3(rd) Quarter | 60.0 | 58.2 | +2.9 % | 58.2 | +3.1% |
+--------------+------------+------------+--------+-----------------+-------+
|9 month sales | 126.1 | 90.8 |+ 38.7 %| 117.1 |+ 7.6% |
+--------------+------------+------------+--------+-----------------+-------+
(1) The 2012/13 reported scope of consolidation excludes figures from Mobile
phone trading
(2) The 2011/12 reported scope of consolidation includes figures of ModeLabs
Group as from 01 September 2011 while excluding figures from Mobile phone
trading
(3) The 2011/12 like for like scope of consolidation includes figures of
ModeLabs Group as from 01 April 2011 while excluding figures from Mobile phone
trading.
Consolidated sales for the first nine months of FY 2012/13 closing on 31 March
2013 reached € 126.1 million, a like for like increase of 7.6% when compared
to the same period of the previous financial year 2011/12.
This strong performance is pulled by the ongoing growth of both the Mobile
phone accessory and the Audio product businesses, which offset a stable video
game Distribution business and receding sales of Gaming accessories.
This trend has been confirmed in the 3(rd )quarter of FY 2012/2013 i.e. the
all important pre-Christmas period with:
* a 24.9% growth of the sales of Mobile phone Accessories with further
listings abroad and an enhanced product range;
* a 46.8% rise of the sales of Audio products which include new successful
items such as sound towers ;
* sales of Gaming Accessories going down by 28.0% in spite of the success of
the new Wii U and 3DSXL accessory ranges which were out of stock as from
early December.
* a near stable video game distribution business.
Breakdown of turnover by territories, including domestic sales and export
sales from these territories
(like for like)
+-----------------------+---------+---------+--------+-----------+-------+
| Quarterly in €m | Germany | Benelux | France | Hong Kong | Total |
+-----------------------+---------+---------+--------+-----------+-------+
| 3(rd )quarter 2011-12 | 5.6 | 3.2 | 47.4 | 2.0 | 58.2 |
+-----------------------+---------+---------+--------+-----------+-------+
| 3(rd )quarter 2012-13 | 4.9 | 5.9 | 47.6 | 1.5 | 60.0 |
+-----------------------+---------+---------+--------+-----------+-------+
+--------------------+---------+---------+--------+-----------+-------+
| Year to date in €m | Germany | Benelux | France | Hong Kong | Total |
+--------------------+---------+---------+--------+-----------+-------+
| 9 months 2011-12 | 8.0 | 8.2 | 96.3 | 4.7 | 117.1 |
+--------------------+---------+---------+--------+-----------+-------+
| 9 months 2012-13 | 10.0 | 11.1 | 101.7 | 3.3 | 126.1 |
+--------------------+---------+---------+--------+-----------+-------+
Banking on the development of mobile accessory sales abroad and on the growing
success of Audio products across Europe over the first nine months of FY
2012/2013, sales grew in every territory except for the Hong-Kong subsidiary,
the business of which is characterized by irregular cycles of export sales.
Breakdown of turnover by businesses
+--------------------------+---------+--------+-------------+--------+-------+
| | | | | | |
| | 2012/13 | | 2011/12 |Relative|Change |
| |New scope|Relative|Like for like| Share | |
| Businesses | €m | share | €m | | |
+--------------------------+---------+--------+-------------+--------+-------+
|Accessories | 95.8 | 76.5% | 90.0 | 76.8% | +6.5% |
|(consoles+mobile phones) | | | | | |
| | | | | | |
|Audio | 13.2 | 10.5% | 9.3 | 8.0% |+41.3% |
| | | | | | |
|Publishing | 3.8 | 3.0% | 8.6 | 7.3% |-56.1% |
|(retail+digital) | | | | | |
+--------------------------+---------+--------+-------------+--------+-------+
| Design & Publishing | 112.8 | 89.5% | 107.9 | 92.1% | +4.5% |
+--------------------------+---------+--------+-------------+--------+-------+
|Exclusive Distribution | 9.3 | 7.3% | 4.4 | 3.8% |+112.1%|
|(games) | | | | | |
| | | | | | |
|Non excl.(games+mobile | 4.0 | 3.2% | 4.8 | 4.1% |-17.7% |
|phones) | | | | | |
+--------------------------+---------+--------+-------------+--------+-------+
| Distribution | 13.3 | 10.5% | 9.2 | 7.9% |+44.0% |
+--------------------------+---------+--------+-------------+--------+-------+
|Total | 126.1 | 100.0% | 117.1 | 100.0% | 7.6% |
+--------------------------+---------+--------+-------------+--------+-------+
Outlook: Confirmation of a 2012/13 annual sales target in excess of 160 €m
The Group will further invest in the development of new accessories for the
new gaming formats such as Set top boxes or Smart TVs. In addition it will
accelerate the integration process of activities coming from the acquisition
of ModeLabs with in particular the replacement of the Blueway trademark by the
Bigben Interactive brand as from 01 April 2013.
These strategic choices will enable Bigben Interactive to strengthen its
position as a global player of multimedia convergence.
During the last quarter of FY 2012/2013, the Group activity should be globally
at a strong level supported by the contribution of new products : mobile
accessories (Electronic Arts license, Tomb Raider license, iPhone 5), Sound
Towers, accessories for the 3DSXL handheld console, gaming controllers for Set
Top Boxes.
Banking on these product releases and the success of mobile phone accessories
abroad, the Bigben Interactive Group confirms its annual sales target in
excess of 160.0 €m for the full 2012/2013 financial year and forecasts a
current operating margin of around 7 %, within the range given in the November
press release for half-year results.
In addition, the Group considers that it enjoys a good medium term visibility
given the prospects offered by new contracts in the multimedia sphere and
therefore confirms its annual sales target of 200.0 €m as at 31 March 2015
with a current operating margin of 12 %.
Next press release: Annual sales of FY 2012/2013
: 22 April 2013 (after
close of business)
About Bigben
Market leader for both video gaming accessories and mobile phone
accessories, the BIGBEN INTERACTIVE Group has a recognized know-how for
developing innovating products in order to meet the evolution of the
multimedia world. Its ambition is to become a leader in converging
multimedia accessories and a key player on the European multimedia market,
relying on its size, its development capabilities and its commercial
network.
BIGBEN INTERACTIVE
Eurolist of Euronext Paris, C market segment - Indexes : CAC MID & SMALL
Eligible stock for PEA and for SRD long
ISIN : FR0000074072 ; Reuters : BIG.PA ; Bloomberg : BIG FP
Contacts
Investors relations : François Bozon, phone : + 33 (0) 3.20.90.72.53
E-mail :
infofin@bigben.fr - website : http//www.bigben.fr
Bigben Interactive: Sales of 126.1 €m over a 2012/13 nine month period:
hugin.info/143373/R/1672562/544002.pdf
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Source: BIGBEN INTERACTIVE via Thomson Reuters ONE
[HUG#1672562]
