Brief: Bigben Interactive H1 EBITDA Up At 27.7 Million Euros

Bigben Interactive SA

25/11/2019 17:25

Nov 25 (Reuters) - BIGBEN INTERACTIVE SA  BGBN.PA :
    * H1 SALES EUR 127.0 MILLION VERSUS EUR 106.0 MILLION YEAR
AGO
    * ONGOING VIRTUOUS GROWTH IN LINE WITH BIGBEN 2022 PLAN
    * H1 EBITDA EUR 27.7 MILLION VERSUS EUR 19.5 MILLION YEAR
AGO
    * IN THE SECOND HALF OF FY 2019/20, THE GROUP EXPECTS
REVENUE
GROWTH DRIVEN BY THE GAMING BUSINESS
    * BIGBEN IS REVISING UPWARDS ITS CURRENT OPERATING MARGIN
TARGET
TO 11% FOR FY 2019/20 FINANCIAL YEAR WHILE MAINTAINING ITS SALES
TARGET RANGING BETWEEN 270 AND 290 M€
    * BIGBEN 2022 PLAN: 2021/22 UPWARD REVISION OF CURRENT
OPERATING
MARGIN > 12%
    * H1 NET RESULT EUR 8.3 MILLION VERSUS EUR 6.1 MILLION YEAR
AGO
    * GROUP IS FULLY CONFIDENT IN MEETING ITS FINANCIAL TARGETS
FOR FY
2021/22 AND ANNOUNCES THAT THE COI RATE (4) INITIALLY SET AT 12%
SHOULD BE EXCEEDED FOR SALES STILL EXPECTED AT 350 M€

Source text for Eikon:  ID:nGNE3G71wd 
Further company coverage:  BGBN.PA 

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