Brief: Bigben Interactive Q4 Business Declines By 13.8% Due To Covid-19

Bigben Interactive SA

27/04/2020 17:40

April 27 (Reuters) - BIGBEN INTERACTIVE SA  BGBN.PA :
    * ON NEW CORONAVIRUS: CUMULATIVE IMPACT IS VERY NEGATIVE ON
SALES
BUT MUCH LESS ADVERSE ON OPERATING PROFIT
    * ON CORONAVIRUS: NO MAJOR DEVELOPMENT DELAY IS CURRENTLY
ANTICIPATED IN RELEASE SCHEDULE OF NEW GAMES PLANNED IN ITS
LINE-UP FOR 2020/2021
    * ON NEW CORONAVIRUS: LESS ADVERSE ON OPERATING PROFIT DUE
TO
HIGHER MARGINS ACHIEVED THOUGH DIGITAL SALES
    * IN Q4 2019/20, BUSINESS DECLINED BY 13.8%, MAINLY DUE TO
COVID-19 HEALTH CRISIS AFTER FIVE QUARTERS OF UNINTERRUPTED
GROWTH
    * GROUP DOES NOT ANTICIPATE ANY CASH-FLOW DIFFICULTIES IN
COMING
MONTHS
    * GROUP IS MAINTAINING TARGETS LINKED TO ITS "BIGBEN 2022"
PLAN,
WITH SALES FOR 2021/22 FINANCIAL YEAR IN EXCESS OF EUR 350
MILLION AND A CURRENT OPERATING MARGIN IN EXCESS OF 12%.
    * Q1 SALES OF 2020/21 WILL BE AFFECTED BY THE EXCEPTIONAL
CONSEQUENCES OF THE COVID-19 CRISIS,  MAGNITUDE OF THE IMPACT
DEPENDING ON THE MODALITIES FOR RETURNING TO NORMAL LIFE

Source text for Eikon:  ID:nNDL7t0HLx 
Further company coverage:  BGBN.PA 

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