Bigben Interactive : Momentum still lacklustre for historical operations while Gaming is below expectations. Underperform vs Neutral
>Q2 lower than expected in both divisions - Bigben’s Q2 2024-25 revenues, reported after trading yesterday, saw growth of 21% y-o-y to € 78m, below our expectations (€ 93m) for both divisions. Audio-Vidéo/Telco (42% of Q2 revenues) posted growth of 3% in Q2 at € 33m, below our expectations (€ 37m est.) with i/ growth for the mobile accessory business of 5% (easy comps) in a sluggish smartphone market, ii/ the audio/video segment still in decline at € 7.8m in Q2. The N...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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