Brief: Bigben Interactive H1 Ebitda Down At 24.6 Million Euros

Bigben Interactive SA

29/11/2021 18:02

Nov 29 (Reuters) - Bigben Interactive SA  BGBN.PA :
    * H1 REVENUES: €124.2 MILLION (-8.5%)
    * H1 EBITDA EUR 24.6 MILLION VERSUS EUR 33.4 MILLION YEAR
AGO
    * H1 NET INCOME EUR 6.9 MILLION VERSUS EUR 9.7 MILLION YEAR
AGO
    * BIGBEN ADJUSTS ITS 2021/22 TARGETS WITH SALES NOW BETWEEN
€270
AND €300 MILLION AND CURRENT OPERATING PROFIT AROUND €24 MILLION
    * FISCAL YEAR 2023/24 WILL ALSO BENEFIT FROM THE MOMENTUM OF
NACON
GAMING'S GAMES RELEASES, WITH MORE THAN 15 GAMES EXPECTED AGAIN
AS WELL AS STRONG GROWTH IN ITS BACK CATALOG
    * H1 CURRENT OPERATING INCOME: €9.9 MILLION (-41.6%)
    * BIGBEN REVISES UPWARDS ITS 2022/23 FINANCIAL TARGETS WITH
SALES
NOW BETWEEN €400 AND €450 MILLION AND CURRENT OPERATING PROFIT
RATE ABOVE 14%
    * H1 2021/22 GROSS MARGIN REACHES €51.4 MILLION
    * BOARD OF DIRECTORS IS CONSIDERING AN EXCEPTIONAL
DISTRIBUTION IN
KIND IN THE FORM OF NACON SHARES WHICH COULD TAKE PLACE DURING
Q1 2022
    * AT 30 SEPTEMBER OPERATING CASH FLOW FOR THE PERIOD WAS
€20.2
MILLION
    * AT 30 SEPTEMBER NET DEBT, TAKING INTO ACCOUNT GROSS DEBT
OF
€135.5 MILLION(4) AND CASH OF €132 MILLION, WAS €3.4 MILLION

Source text for Eikon:  ID:nGNE2mwsyC 
Further company coverage:  BGBN.PA 

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