Press release
Q4 2022-23 SALES
UP 9.0% TO 65.7 M€
ANNUAL SALES FOR FY 2022-23: €283.8 M€ (+2.9%)
IFRS – M€ | 2022/23 | 2021/22 | Change in % |
Sales | |||
1st half-year (Apr. - Sept.) | 138.6 | 124.2 | +11.6% |
3rd quarter (Oct. – Dec.) | 79.5 | 91.3 | -12.8% |
4st Quarter (January - March) (1) | 65.7 | 60.3 | +9.0% |
Nacon Gaming | 37.7 | 31.7 | +19.1% |
Bigben Audio / Telco | 28.0 | 28.6 | -2.1% |
Cumulative 12 months (April - March) (1) | 283.8 | 275.7 | +2.9% |
Nacon Gaming | 156.4 | 155.9 | +0.3% |
Bigben Audio / Telco | 127.4 | 119.8 | +6.3% |
(1) Non audited data
Consolidated sales for Q4 2022-2023 up 9.0% to 65.7 M€.
NACON Gaming recorded Q4 sales of 37.7 M€, up 19.1%.
VIDEO GAMES: As expected, the publishing news was once again abundant in the fourth quarter with the release of four games (
The Back catalogue (games released in previous years) continued to outperform and reached an all-time high in the quarter. Its sales rose by 61.2% to 11.2 M€.
ACCESSORIES: Sales of new generation consoles have been increasing since the beginning of the year. However, due to a certain inertia, the Accessories business did not benefit from this in the immediate future. This activity thus amounted to 12.2 M€, down 31.6%. Nevertheless, a slowdown in the decline was observed at the end of the quarter, suggesting a gradual improvement in the global market in the coming months.
BIGBEN - Audiovideo/Telco posted 28.0 M€ sales in Q4 2022-23, down 2.1%.
MOBILE ACCESSORIES: Q4 sales came to 21.6 M€, compared with 21.8 M€ for the same period of FY 2021-22.
In a telco market that ontracted in volume over 2022, this business continued to perform well thanks to the positive momentum of charger sales and the premiumisation of product ranges:
- Confirmation of the success of the Force® premium ranges. Over a year, more than 2 million units were sold, up 7% on the previous year.
- Successful launch of the new Force® Play brand. This success was rewarded with the "Voted Product of the Year 2023" label.
- Introduction on the market, at the end of
AUDIOVIDEO: Sales for the quarter amounted to 6.4 M€ compared to 6.7 M€ in Q4 2021-2022. The Bigben Kids and
Over 12 months, BIGBEN - Audiovideo/Telco sales rose by 6.3% to 127.4 M€.
Mobile accessories were up by 6.2% to 96.8 M€. The AudioVideo sector posted an increase of 6.7% to 30.6 M€ due in particular to the inclusion of Metronic in the consolidation scope.
Consolidated sales 2022-2023 & expected results
For the financial year, the Group's turnover will be €283.8m, up 2.9% compared to 2021-2022.
In terms of results, BIGBEN expects current operating income before IFRS2* to be down on the previous financial year, while operating income will increase.
Strong growth ambitions for 2023-2024
The 2023-2024 financial year will be marked for NACON by a high level of editorial activity with around twenty games to be released over the period, compared with 13 games last year.
The first half of 2023-2024 will see the release of the highly anticipated The Lord of the Rings GollumTM , as well as Cricket24, RoboCop: Rogue City and Rugby24, the official game of the Rugby World Cup, which will take place next September.
The back catalogue will continue to grow under the mechanical effect of the games released in FY 2022-2023.
Finally, the Accessories business should benefit from several factors:
- A more favourable base effect.
- A gradual end to the tensions experienced in 2022-2023 thanks to the increase in the number of new consoles.
- An offer that will be expanded in the coming months with the release of several high-potential products.
The BIGBEN AUDIO-VIDEO/TELCO business should continue to benefit from the withdrawal of chargers and pedestrian kits for most new smartphones. At the same time, the diversification of sales channels is continuing in order to develop the sale of accessories in the reconditioned smartphone segment.
Finally, the listing by Metronic of Audio products in DIY stores since Q3 2022-2023 opens up new commercial prospects.
Given the growth expected to be sustained at NACON Gaming and the resilience of the BIGBEN Audio-Video/Telco business, the Group reaffirms its confidence and anticipates strong growth in its business over the full year.
* Current operating income before IFRS2 corresponds to current operating income before expenses related to share-based payment plans.
Next Publication:
Annual Results 2022/23:
SALES 2022-23 283.8 M€ HEADCOUNT Over 1200 employees INTERNATIONAL 31 subsidiaries and a distribution network in more than 100 countries www.bigben-group.com | Company listed on Euronext Paris, compartment B – Index : CAC Mid & Small – Eligible SRD long ISN : FR0000074072 ; Reuters : BIGPA ; Bloomberg : BIGFP PRESS CONTACTS CapValue – Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50 |
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