Bigben Interactive : H1 impacted by Nacon - Guidance cut for 2021-22 but raised for 2022-23
>H1 underlying operating profit of € 9.9m (vs € 14m est.) i.e. an underlying operating margin of 8% (-450bp) - Yesterday evening, Bigben Interactive published its interim results (to end-September) which came in well below our forecasts in terms of underlying operating margin. For revenues (already published) of € 124.2m (-8.5%), the gross margin was down by 10.3% to € 51.4m, resilient as a percentage of sales at 41.4% representing a limited 80bp decline thanks to goo...Bigben Interactive is engaged in designing and distributing accessories for video game consoles for the European markets (France, Germany, Belgium, Luxemburg, the Netherlands). Co.'s activities can be divided into four categories: design and distribution of accessories for video game consoles (controllers, steering wheels, memory cards, pistols); exclusive distribution of video game software; non exclusive distribution of video game consoles and software; publication and distribution of promotional products (USB keys, watches, electronic gifts, audio gifts).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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