Bigben Interactive : Robust growth in profitability in H1– New strategic plan– Buy and target price lifted to € 14.5
>Interim underlying operating profit totalled € 8.7m (€ 7.4m est.), i.e. 8.2% of sales (+270bp) - Bigben Interactive published very solid H1 results (March-September) last night, which exceeded our expectations. Despite the decline in sales over the first half (-3.7% to € 106m), operating profitability improved sharply: EBITDA rose markedly by 61% to € 19.5m (vs € 16.4m), i.e. 18.4% of sales (+740bp) and underlying operating profit was up +45.4% to € 8.7m (vs € 7.4m),...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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