BIGBEN - PRESS RELEASE

2019/20 Annual sales up 7.3% to 263.5 M€

 Bigben

                                                                                   Press release

Lesquin, 27 April 2020, 18:00

 

2019/20 Annual sales up 7.3% to 263.5 M€

Impact of the Covid-19 crisis at the end of Q4 2019/20

·Q4 2019/20 sales: 51.1 M€ (-13.8%)

·New 2019/20 target: Current Operating Profit rate ⁽²⁾ around 9%.

Confirmation of targets announced for 2022

IFRS – M€ Sales	2019/20	2018/19	Change
1st Quarter	58.6	48.7	+20.3%
2nd Quarter	68.5	57.3	+19.5%
3rd Quarter(1)	85.4	80.3	+6.3%
4th Quarter(1)   Of which Gaming Of which Mobile Of which Audio	51.1   24.0 21.2  5.8	59.2   26.4 27.3  5.5	-13.8%     - 9.1%   -22.3%    +5.6%
2019/2020 (12 months)   Of which Gaming Of which Mobile Of which Audio	263.5   123.9 104.8 34.8	245.5   105.5 109.8 30.2	+7.3%      +17.4%    -4.5%    +15.2%

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1. Non audited data
2. Current Operating Margin = Current Operating Income rate = Current Operating Income as a percentage of sales.

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Activity impacted by the Covid-19 crisis in the 4th quarter

In the 4th quarter of the 2019/20 financial year (from 1 January to 31 March 2020), business declined by 13.8%, mainly due to the exceptional consequences of the Covid-19 health crisis after five quarters of uninterrupted growth. The decline affected all markets relying on physical points of sale.