Bigben Interactive : More favourable Q3 momentum in gaming, unlike other businesses
>The (gaming) catalogue is driving Q3 growth, while the audio/telco division is struggling more than expected - Bigben Interactive reported yesterday Q3 revenues up 18% at € 94.1m, below our forecasts (€ 104.8m est.). The gaming/Nacon division (63% of Q3 revenue, see dedicated flash) showed growth of 43% at € 59m (€ 65.5m est.). The gaming activity restored momentum in Q3 with growth at 74% y-o-y at € 34m, although we had expected brisker momentum (€ 38m). In detail,...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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