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BIGBEN INTERACTIVE : BIGBEN INTERACTIVE : Sales of 126.1 €m over a 2012/13 nine month period

  BIGBEN INTERACTIVE : BIGBEN INTERACTIVE : Sales of 126.1 €m over a 2012/13
                              nine month period

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

  oFurther growth of mobile phone accessories and audio products
  oContrasted evolution of sales in the video game segment
  oConfirmation 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:

  oa 24.9% growth of the sales of Mobile phone Accessories with further
    listings abroad and an enhanced product range;
  oa 46.8% rise of the sales of Audio products which include new successful
    items such as sound towers ;



  osales 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.
  oa 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



                                                    2011/12              
                                 2012/13
                                                    Like for  Relative Change
                                New scope Relative    like
                                                               Share
          Businesses               €m      share       €m
Accessories (consoles+mobile      95.8     76.5%      90.0     76.8%    +6.5%
phones)
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 €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

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