Q1 2022-23 REVENUE UP 23.5% TO €70M

Bigben Interactive

bigben

Press release

Lesquin, July 25, 2022 – 6:00 p.m.

Q1 2022-23 SALES UP 23.5% To €70 million

Confirmation of objectives for the 2022-23 financial year

BIGBEN INTERACTIVE (ISIN FR0000074072) today announces its turnover for the 1st quarter of 2022-2023 (period from April 1 to June 30).

IFRS – M€

2022/23

2021/22

To change

Nope checked Sales

1st trimester (1uh appril 30 June.)

70.0

56.7

+23.5%

Nacon Games

42.4

33.seven

+25.8%

Bigben Audio / Telecom

27.seven

23.0

+20.2%

Highlights: / Points to remember:

  • As announced, thanks to the strong momentum of its video game business, Nacon achieved good revenue in Q1 2022-2023, up 25.8% to €42.4 million.

  • Bigben Audio/Telco’s turnover also increased by 20.2% to €27.7 million, driven by a good performance in the Mobile Accessories activity.

  • The Group confirms its objective of €400 million in sales for the year with current operating profit of more than €55 million.

Q1 2022-23 sales up by 23.5%

NACON GAMING

Video Games: Game sales reached €27.6 million, up 126.2%. Several games were released during the period under review, including the highly anticipated Vampire: The Masquerade® – The Swan Song title, which performed well, as well as 2022 Professional Cycling Manager and Tour de France 2022, both of which recorded higher sales than last year’s editions. Catalog activity (new games) jumped to €14.9 million compared to €3.1 million the previous year.

The Back Catalog (games from previous years) also rose sharply to €12.7 million, up 38.7%. It benefits from the entry of Daedalic Entertainment into the Group’s scope of consolidation and the signature of numerous deals on new platforms.

Accessories: Turnover amounted to €14.0 million, down 31.8%. Over the period, this activity continued to be penalized by a high base effect, a shortage of consoles and a readjustment of inventory levels across the distribution sector.

In this context, Nacon nevertheless gained market share in the United States in the gaming headset segment with its premium RIG 800 pro and 300 pro ranges released in recent months.

BIGBEN AUDIOVIDEO/TELCO

Mobile accessories turnover increased by 16.3% over the period to €21.6 million. The Strength® range, with its unique promise of quality, recorded sales up 42% over the period and contributed strongly to this growth. Thanks to the relevance of its product positioning, Bigben is taking full advantage of the elimination of original chargers and hands-free pedestrian kits in most new smartphones delivered by manufacturers.

AudioVideo recorded quarterly revenue of €6.0m compared to €4.3m in Q1 2021-22. The integration of Metronic within the scope of the Group explains this increase. Excluding Metronic, the AudioVideo division is down 19%; nevertheless, the Audio activity successfully continued to list its products in many new distribution channels.

Strong growth outlook for the full year

NACON GAMING

In Q2 2022-23, Nacon will once again experience strong activity with the release of several new games including SteelriseMTSkating session SimulatorMT and Form LifeMT. The Lord of the Rings Gollum is now scheduled for the second half of the 2022-23 financial year.

BIGBEN AUDIOVIDEO/TELCO

The Mobile Accessories business will be driven by good growth momentum with the upcoming launch of new smartphones by manufacturers and the continued deployment of the 5G network.

The listings obtained in the new channels by the AudioVideo activity and the delivery of range additions in the fall bode well for the end of the year.

For the whole of the 2022-23 financial year, the Bigben group confirms its objectives of €400 million in turnover and current operating profit of more than €55 million.

Dividend

The General Meeting of July 22, 2022 approved the payment of a cash dividend of €0.30 per share for the 2021-22 financial year and the distribution in kind in the form of Nacon shares at a rate of one (1) Nacon share for four (4) Bigben Interactive Shares held, subject to confirmation of the distribution parity by Bigben Interactive’s Board of Directors which will be held on July 29, 2022 taking into account the opening price of the Nacon share. Payment will be made on July 29, 2022.

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Next an event:

Q2 2022-2023 sales, 24 October 2022

Press release after closing of the Euronext Paris stock market

SALES 2021-22
€275.7 million

EFFECTIVE
More than 1200 employees

INTERNATIONAL
31 subsidiaries and a distribution network
in over 100 countries
www.bigben-group.com

Bigben Interactive is a European player in the development and publishing of video games, the design and distribution of accessories for smartphones and games as well as audio products. The Group, recognized for its capacity for innovation and creativity, intends to become one of the European leaders in each of its markets.
Company listed on Euronext Paris, compartment B – Index: CAC Mid & Small – Eligible SRD long
ISIN: FR0000074072; Reuters: BIGPA; Bloomberg: BIGFP
PRESS CONTACTS
CapValue – Gilles Broquelet [email protected] – +33 1 80 81 50 01

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