PRESS RELEASE: Bigben announces rise of FY 2020/21 targets
01 Settembre 2020 - 5:45PM
PRESS RELEASE: Bigben announces rise of FY 2020/21 targets
Press release
Lesquin, 01 September 2020 18:00hrs
Bigben announces rise of FY 2020/21
targets:
- Sales: between 270 M€ and 290 M€
- Current Operating Income (COI) rate (1): in excess of
10%.
Anticipated sales growth
After a first quarter 2020/21 (from April 1 to
June 30, 2020) down 5.8%, impacted by the circumstantial effects of
the Covid-19 health crisis, activity resumed an upward trend during
the summer with the reopening of points of sale and the continued
good performance of digital sales. In this context, Bigben expects
to achieve sales of between 270 M€ and 290 M€ (vs. 263.5 M€ as at
31 March 2020).
Improvement in Current Operating Margin
(1)
In terms of profitability, Current Operating
Income (COI) 2020/21 is expected to grow thanks to the combined
effect of controlled operating expenses and growth of Nacon sales
(2). Bigben thus anticipates a COI (1) rate exceeding 10% for
2020/21 (vs. 9% as at 31 March 2020).
(1) Current Operating Income (COI) rate = Current
Operating Income in percentage of sales = Current Operating
Margin(2) 01/09/2020 Nacon press release: revised 2020/21 targets
with higher sales between 150-160 M€ and COI rate at 18%
Next publication:
Sales for 2nd quarter of FY 2020/2021:
26 October 2020Press release after close of the Paris
stock exchange
ABOUT BIGBEN INTERACTIVE
|
SALES 2019-2020263.5 M€
HEADCOUNTOver 730
employees INTERNATIONAL21
subsidiaries and a distribution network in 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 CONTACTS
CapValue – Gilles Broquelet gbroquelet@capvalue.fr - +33 1
80 81 50 01 |
- PR_BBI_Annual targets announcement 2020_21_Website_ENG
Grafico Azioni Bigben Interactive (EU:BIG)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Bigben Interactive (EU:BIG)
Storico
Da Apr 2023 a Apr 2024