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[January 23, 2013]
BIGBEN INTERACTIVE : Sales of 126.1 EURm over a 2012/13 nine month period
(Thomson Reuters ONE via COMTEX) -- 23 January 2013, 18:00 IFRS - EUR mSales 2012/13 2011/12 Change 2011/12 Change Press release Reported (1) Reported (2) Like for like (3) Sales of 126.1 EUR 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 IFRS - EUR mSales 1st Quarter 31.5 11.8 +168.2 % 26.6 + 18.3% 2nd Quarter 34.6 20.9 + 65.6 % 32.3 + 7.1% 3rd 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 EUR 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 3rd 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 EUR m Germany Benelux France Hong Kong Total 3rd quarter 2011-12 5.6 3.2 47.4 2.0 58.2 3rd quarter 2012-13 4.9 5.9 47.6 1.5 60.0 Year to date in EUR 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 Businesses 2012/13 Relative 2011/12 Relative Change New scope share Like for like Share EUR m EUR m Accessories (consoles+mobile phones) 95.8 76.5% 90.0 76.8% +6.5% Audio 13.2 10.5% 9.3 8.0% +41.3% Publishing (retail+digital) 3.8 3.0% 8.6 7.3% -56.1% Design & Publishing 112.8 89.5% 107.9 92.1% +4.5% Exclusive Distribution (games) 9.3 7.3% 4.4 3.8% +112.1% Non excl.(games+mobile phones) 4.0 3.2% 4.8 4.1% -17.7% 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 EURm 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 EURm 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 EURm 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 : Francois Bozon, phone : + 33 (0) 184.108.40.206.53 E-mail : email@example.com - website : http//www.bigben.fr This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BIGBEN INTERACTIVE via Thomson Reuters ONE HUG#1672562 Bigben Interactive: Sales of 126.1 EURm over a 2012/13 nine month period -
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