Bigben Interactive : Q1 sales above expectations thanks to the rebound in June of mobile/audio – 2022-23 guidance reiterated – Buy maintained and TP raised to € 18.5
>Limited decline in Q1 sales of 5.8% to € 55.2m (vs € 43.7me) - Yesterday evening, Bigben Interactive reported a 5.8% contraction in its Q1 2020-21 sales (April-June) to € 55.2m, above our estimate of € 43.7me (-25.4% est.). Sales have therefore been impacted by the crisis, notably in the mobile and audio segments (-35.4% and -50.5% respectively) but the impact is lower than expected over the quarter (after -13.8% in Q4 2019-20) thanks to a sales rebound in June q-o-q...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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