Bigben Interactive : Solid H1 results – UOM guidance raised from >10% to >12% (i.e. >+3pts) – Buy rating maintained and target price increased to € 22.5 (vs € 19)
>H1 underlying operating profit at € 16.9m (in line), i.e. 12.5% of sales (i.e. +200bp) - Yesterday evening, Bigben Interactive International reported its interim results (April to September), which came in broadly in line with our forecasts. On sales (already reported) up 6.9% to € 135.8m, the gross margin rose 4.4% to € 57.3m (i.e. 42.2%; -1 point) and EBITDA increased 20.5% to € 33.4m (24.6% of sales). After ...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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