Therefore Current Operating Income increased more moderately by 9.0% to 23.7 M€, representing 9.0% of sales compared to 8.9% in 2018/19. Investments for developing the games catalogue resulted in depreciation and amortization increasing by 5.6 M€ to 28.8 M€. Gross margin rose by 11.6%, thanks in particular to strong growth in digital gaming sales.ĮBITDA totaled 52.5 M€, up by nearly 7.6 M€, representing a ratio of 19.9% of sales for the year. Growth was driven by the momentum of the Gaming and Audio businesses and by the success of the Force® range products for Mobile phones. Improvement in current operating profitabilityīigben achieved sales of €263.5 M€ in the 2019/20 financial year (ending 31 March 2020), up 7.3% on the previous year. (2) EBITDA = Current Operating Income before depreciation and amortization of tangible and intangible assets (1) Gross Margin = Sales - Cost of goods sold other Operating revenues are posted between Gross Margin and EBITDA 2022/23 Current Operating Income Rate: 13%īIGBEN INTERACTIVE (ISIN FR0000074072) today releases its audited consolidated results for the financial year closing on 31 March 2020 as approved by its Board of directors on.236-2-1 of the French Commercial Code.Īnnual Results 202 1 /2 2 : 3 0 May 202 2 ( Press release after close of the Paris stock exchange)ģ1 subsidiaries and a distribution network in more than 100 countriesīigben Interactive is a European player in video game development and publishing, in design and distribution of smartphone and gaming accessories as well as in audio/video products. Ī notice will also be made available to the public on the Company's website containing the information referred to in Article R. In addition, it will be filed with the Registrar Office of the Commercial Court of Lille Métropole today. The Contribution Agreement is available to the public and can be consulted on the Company's website at. ![]() The Asset Contribution is expected to be completed by 30 July 2022 at the latest and to take legal, accounting and tax effect on 1 April 2022. 236-18, the Company will consult the holders of bonds exchangeable into Nacon shares issued by the Company on Februon the proposed Asset Contribution. In addition, pursuant to the provisions of Articles L. The Contribution will not lead to the intervention of official auditors for the corporate split nor for the asset contribution and will not result in a report by the Board of Directors. As a result, there will be no need for the Contribution transaction to be approved by the extraordinary general meeting of the companies participating in the transaction, unless a request is made by at least 5% of the Company's minority shareholders within 20 days of the publication of the draft Contribution Agreement on the Company's website. ![]() The Contribution procedure will be a simplified procedure as provided for in Article L. On May 10, 2022, the Company obtained favourable opinions from its staff representation bodies (Health, Safety and Working Conditions Commission and Social and Economic Committee) on the completion of the Asset Contribution. This reorganisation will also make it possible to give the logistics business its independence by providing it with its own resources in order to increase its development with a view to possibly offering its services to third parties. Through the Contribution, the Company wishes to concentrate the activities of its logistics division in a dedicated legal entity, thereby making its results more transparent. The Asset Contribution is part of an internal structuring process of the Bigben Interactive group, with the aim of optimising the operational and strategic organisation of the company's activities dedicated to the logistics division. The draft contribution agreement was signed on. 236-21 of the French Commercial Code, with Bigben Logistics (a subsidiary in which the Company holds 100% of the share capital and voting rights), providing for the Company to contribute all of the assets and liabilities related to its logistics activity (the " Contribution") to Bigben Logistics. ![]() ![]() The Board of Directors of Bigben Interactive (the " Company"), meeting on, authorised the conclusion of a draft partial Asset Contribution Agreement, governed by the legal regime applicable to demergers as provided for in Articles L.
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