![]() These new titles will enable the Group to secure lasting growth in digital publishing. Thus, in 2015/2016, Bigben Interactive announces for the first time the launch over a few months of 3 major video games ( Rugby Cup 2015 WRC 5, Handball 16). The Group expects an increasing contribution from video game retail and digital sales to the Group's profitability. This phenomenon also allows the Group to significantly extend the commercial life of its video games as part of its digitalized back catalogue where all games are available while physical retailers of video games limit their sales to a few months. This technology enables it to distribute video games without geographical and time constraints, with margins significantly optimized by the lack of logistics and physical intermediates required for the physical distribution. In order to quickly recover its margins facing a sustained strong Dollar, Bigben Interactive has developed a new strategy for covering the currency exposure resulting from its USD denominated purchases.īigben Interactive conducts a further change in its Gaming business with the digitization of video games. Outlook: current operating result in excess of 3% FY 2016-2017 year will meanwhile see the payment of 6 monthly instalments from Octoto Mafor a total of € 5.15 million, the balance of the debt being settled by a bullet repayment of 6.80 €m on on March 31, 2017. For FY 2015-16, the 8.00 €m debt instalment which was originally scheduled on Jis replaced by the payment of 6 monthly instalments from Octoto Mafor a total of 4.05 €m. The negotiation on the schedule of the loan subscribed for an initial amount of 40.00 €m in 2011 in order to finance the acquisition of ModeLabs Group was finalized in May 2015. The increase in financial expenses to 11.7 M€ results from currency losses linked to the sharp rise of the US dollar.Īt March 31, 2015, the balance sheet structure of Bigben Interactive shows shareholders' funds of € 105.2 million with a net debt ratio down to 37.8% against 41.4 % at March 31, 2014. ![]() The financial result is a loss of 13.1 M€ against a loss of 3.2 M€ in the previous year. This increase of the current operating income on a constant exchange rate basis reflects the first results of the Group's margin optimization policy that promotes products sporting Group own brands.įinancial result deteriorated by the sharp rise of the US dollar ![]() ![]() a 32.7 % increase over the previous financial year. When excluding the impact of this exceptional increase of the Dollar -estimated at 5.3 €m - on the cost of goods sold, the current operating income would have reached 6.9 €m i.e. a 39 % increase over the previous financial year.Īt its 2014/2015 year-end, the Bigben Interactive Group records a current operating profit of 1.6 €m against 5.2 €m in the previous financial year. In spite of delays experienced in having Thomson products listed, the Audio activity which relies on a complete and innovative range, pursues its strong growth with sales reaching 31.5 €m i.e. Sales up by 3.7% with an increasing contribution of Group brandsīigben Interactive achieved for its 2014/2015 financial year (ended March 31) sales ofġ84.9 €m up 3.7% compared to FY 2013/ 2014. , 19:00 Annual results 2014 / 2015 3.7% increase in sales at 184.9 €m Profitability strongly impacted by sudden rise of the US Dollar Outlook: Current operating result in excess of 3%īIGBEN INTERACTIVE (ISIN FR0000074072) today releases its audited consolidated results for the financial year closing on 31 March 2015 as approved by its Board of directors on. ![]()
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