Bigben Interactive : Results in line - Focus on 2022-2023 targets - Buy and target price of € 18 reiterated
>Underlying op. profit up 9% y-o-y to € 23.7m, i.e. 9% of sales (in line) - Yesterday evening, Bigben Interactive published 2019-20 results (to end-March), in line with guidance and our forecasts. For full-year sales (already published) of € 264m (+7.3%), the gross margin was up sharply by 150bp to 41.1% of sales vs 39.8% in 2018-19. As such and despite the initial effects of the COVID-19 crisis which severely penalised the mobile and audio activities (closure of a nu...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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