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4 days ago
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PRESS RELEASE: BIGBEN: FULL YEAR 2024/25 RESULTS
Press release Lesquin, 2 June 2025 - 6pm CEST FULL YEAR 2024/25 RESULTS:DELAYS TO SEVERAL NEW RELEASES AFFECTED EARNINGS IN 2024/25 BUT WILL LEAD TO STRONG GROWTH IN 2025/26, STARTING IN THE FIRST HALF In its 2 June 2025 meeting, the Board of Directors of Bigben Interactive (ISIN FR0000074072) approved the financial statements for the year ended 31 March 2025. The Statutory Auditors' report will be issued when the Universal Registration Document is published. Consolidated IFRS figures (€ million) 2024/25 2023/24 Sales (IFRS) 288.0 292.0 Gross profit 147.4 142.548.8% EBITDA before non-recurring items 62.1 62.0 Non-recurring items (1.0) 16.0 EBITDA 61.1 78.0 Operating income (2.0) 23.8 Net financial income/(expense) (1.3) (3.6) Profit before tax (3.3) 20.1 Income tax 3.0 0.8 Net income for the period (0.3) 21.0 The Bigben group generated sales of €288.0 million in the 2024/25 financial year. Of this, NACON contributed €167.9 million and Bigben AudioVideo/Telco €120.0 million. Gross margin was 51.2%, up 2.4 points year-on-year because of improvements in the product mix. EBITDA before non-recurring items was €62.1 million, stable relative to the previous year. Non-recurring items included the impact of a tax dispute inherited when the Group acquired ModeLabs in 2011 (appeals ongoing) and reversals of earn-out provisions at NACON. Net financial income/(expense) included an IFRS capital gain of €8.3 million arising from the cancellation of exchangeable bonds bought back during the year. Analysis of performance by business NACON Bigben AudioVideo/Telco Consolidated IFRS figures (€ million) 2024/25 2023/24 2024/25 2023/24 Sales 167.9 167.7 120.0 124.3 Gross profit 108.1 104.2 39.2 38.3 EBIDTA before non-recurring items 55.9 56.7 5.9 5.1 EBITDA 59.7 70.9 1.4 7.1 Operating income 1.1 20.9 -3.1 2.9 NACON GAMING. After NACON postponed the launch of several games and accessories until the 2025/26 financial year, its sales amounted to €167.9 million in full-year 2024/25, stable year-on-year. Sales totalled €97.1 million in Gaming, €65.2 million in Accessories and €5.6 million in other activities. Gross margin improved to 64.4% as opposed to 62.1% in the 2023/24 financial year. Ebitda before non-recurring items was stable at €55.9 million. The release of Test Drive Unlimited during the year caused depreciation/amortisation of non-current assets to increase by €8.5 million year-on-year to €58.5 million. Operating income was €1.1 million. Higher interest rates explain the change in net financial expense: the current average interest rate on bank borrowings is 3.0%. Exchange differences remained stable (foreign exchange loss of €1.1 million versus a loss of €0.8 million in the previous year). Bigben AudioVideo/Telco generated sales of €120.0 million as opposed to €124.3 million a year previously. The business was solid despite the sluggish market, with sales down only slightly to €93.1 million. The business generated sales of €26.9 million. Gross margin increased to 32.7% because of better control over procurement and a product mix that was more helpful in driving sales. EBITDA totalled €1.4 million, hampered by a tax dispute dating from 2011 in relation to the ModeLabs acquisition, in which the Group has filed several appeals. After a judgment on 9 May 2025, a non-recurring expense has been recognised, with no cash impact, in the net amount of the tax receivable previously recognised, i.e. €4.6 million. However, the Group intends to continue asserting its rights and has decided to refer the matter to the European Court of Human Rights. After net financial income of €4.5 million and a tax expense of €0.4 million, net income amounted to €1.0 million during the year. Consolidated balance sheet At 31 March 2025, the Bigben group had equity of €338.9 million, including €9 million arising from NACON's capital increase in July 2024. Available cash amounted to €45.3 million as opposed to €41.2 million at 31 March 2024. Net debt amounted to €159.3 million, including Bigben's bond debt, which has a carrying amount of €62.2 million in the consolidated financial statements. Funds from operations totalled €63.7 million during the first-half period. Dividend: The Board of Directors decided in its 2 June 2025 meeting not to propose a dividend with respect to the 2024/25 financial year in its upcoming Shareholders' General Meeting. 2025/26: Strong growth in business levels and operating income starting in the first half NACON Gaming business: The 2025/26 line-up of games presented during Bigben Week 2025 included around 15 games. The release schedule will be busy in the first half of the financial year (1 April - 30 September), including the release of several major games: Adventure: After winning over fans with in 2023, Robocop is making a comeback in which is scheduled for release on 17 July. another hotly anticipated game, will be available from 4 September 2025. Sport: which came out in early May and has already racked up impressive sales figures . Racing: Season 4 of featuring a casino. Simulation: and downloadable content (DLC) relating to several successful games Releases scheduled for the second half of the financial year (1 October - 31 March) are: Adventure: Sport: . Racing: , and seasons 5 and 6 of Because of the number of games released in 2024/25, Back Catalogue sales in 2025/26 are likely to be similar to the level achieved last year. NACON has also just announced a new agreement with WRC Promoter in relation to the World Rally Championship (WRC) licence. The licence covers the development and publication of games and official WRC eSports competitions, and gives NACON exclusive rights on PC and consoles for six seasons from 2027 to 2032. Accessories business: Performance in the current year will also be supported by the launch of new accessories, confirming the expertise acquired by NACON in this area: Since it was released on 23 April, the controller has been getting rave reviews from industry figures. It has achieved an average rating of 9/10 in the specialist press. The range has just been launched with the RS Pure steering wheel, the DD-9Nm base and the RS Pure pedal set. For the release of the Nintendo SwitchTM2, NACON has developed around 30 accessories specifically for the console. BIGBEN AUDIOVIDEO/TELCO Mobile Accessories business: Although the market remains difficult (sales down 10% in the first quarter of 2025), Bigben is likely to continue benefiting in 2025/26 from the strategy it has developed in recent years, consisting of diversifying across multiple product areas and sales channel. This strategy is already paying off handsomely, as shown by: The performance and brand strength of the ® range, which is enabling Bigben to expand and bolster its market shares. Several new products have recently been launched under the ® brand, such as a new Air Xtrem case, smart trackers, Play earphones, surge protection power strips and 5-zone travel chargers. Recently launched products are proving highly successful. This is the case with ® headsets, Bigben® smart watches and Origine France Garantie chargers. The expansion of Bigben's distribution channels is continuing, with products now available in many new points of sale in segments including DIY stores and service stations. Bigben is also carrying out extensive work to optimise and secure its supply chain, and this is also allowing it to reduce carbon emissions with the development of the Origine France Garantie label. Audio/Video: To continue the development of this business, Bigben is relying on the diversification of its points of sale, the strong brand recognition achieved by the Cosy Thomson range and the launch of new products with the expansion of the Hi Buddies range, the development of products featuring 1980s design under the EPOK brand, but also the launch in autumn 2025 of the first BLUEY™ alarm clock/nightlight under licence from BBC Studios. Bigben is continuing to have its ® and products listed by new retailers and distributed via METRONIC in Europe (France, Italy, Spain and Portugal). With Bigben AudioVideo/Telco's business levels likely to be highly resilient and NACON expected to see strong sales growth, the Group is going into the 2025/26 financial year with confidence, buoyed by a stronger product line-up, a strategy of continuous innovation and rigorous financial discipline. Next event: Shareholders' General Meeting, 25 July 2025 First-quarter 2025/26 sales: 28 July 2025 after the market close ABOUT BIGBEN INTERACTIVE 2024/25 IFRS SALES: €288 million WORKFORCEOver 1,300 employees INTERNATIONAL PRESENCE36 subsidiaries and a distribution network covering more than 100 Bigben is a pan-European player in publishing video games and designing and distributing mobile accessories, gaming accessories and audio/video products. The Group is known for being innovative and creative, and aims to be one of Europe's leading companies in each of its markets. Listed on Euronext Paris, compartment B – Index: CAC Mid & Small – Eligible for the long-only deferred settlement serviceISIN: FR0000074072; Reuters: BIGPA; Bloomberg: BIGFP PRESS CONTACTCap Value – Gilles Broquelet gbroquelet@ - +33 (0)1 80 81 50 01 Attachment CP_BBI_RA 2024_25 Diffusion EnglishError in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
4 days ago
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PRESS RELEASE: NACON: FULL YEAR 2024/25 RESULTS
Press release Lesquin, 2 June 2025 - 6pm CEST FULL YEAR 2024/25 RESULTS:DELAYS TO SEVERAL NEW RELEASES AFFECTED EARNINGS IN 2024/25 BUT WILL LEAD TO STRONG GROWTH IN 2025/26, STARTING IN THE FIRST HALF In its 2 June 2025 meeting, the Board of Directors of NACON (ISIN FR0013482791) approved the financial statements for the year ended 31 March 2025. The Statutory Auditors' report will be issued when the Universal Registration Document is published. Consolidated IFRS figures (€ million) 2024-2025 2023-2024 Sales (IFRS) 167.9 167.7 Gross profit 108.1 104.262.1% EBITDA before non-recurring items 55.9 56.733.8% Non-recurring items (reversal of earn-out provisions) 3.7 14.2 EBITDA 59.6 70.9 Operating income 1.1 20.9 Net financial income/(expense) (5.8) (4.8) Profit before tax (4.7) 16.1 Income tax 3.3 1.5 Net income for the period (1.3) 17.5 After NACON postponed the launch of several games and accessories until the 2025/26 financial year, its sales amounted to €167.9 million in full-year 2024/25, stable year-on-year. Sales totalled €97.1 million in Gaming, €65.2 million in Accessories and €5.6 million in other activities. Gross margin improved to 64.4% as opposed to 62.1% in the 2023/24 financial year. Ebitda before non-recurring items was stable at €55.9 million. The release of Test Drive Unlimited during the year caused depreciation/amortisation of non-current assets to increase by €8.5 million year-on-year to €58.5 million. Operating income was €1.1 million. Higher interest rates explain the change in net financial expense: the current average interest rate on bank borrowings is 3.0%. Exchange differences remained stable (foreign exchange loss of €1.1 million versus a loss of €0.8 million in the previous year). At 31 March 2025, NACON had equity of €284.4 million, including the July 2024 capital increase, as opposed to €263.6 million at 31 March 2024. Available cash amounted to €29.3 million as opposed to €26.2 million at 31 March 2024. Net debt, excluding IFRS 16 and earn-out liabilities, totalled €104.0 million. Funds from operations remained stable at €57.9 million. Currently, 40 games are under development, and the related assets have a carrying amount of €124.5 million. Dividend: The Board of Directors decided in its 2 June 2025 meeting not to propose a dividend with respect to the 2024/25 financial year in its upcoming Shareholders' General Meeting. 2025-2026 : Strong growth in business levels and operating income starting in the first half Gaming business: The 2025/26 line-up of games presented during Bigben Week 2025 included around 15 games. The release schedule will be busy in the first half of the financial year (1 April - 30 September), including the release of several major games: Adventure: After winning over fans with in 2023, Robocop is making a comeback in which is scheduled for release on 17 July. another hotly anticipated game, will be available from 4 September 2025. Sport: which came out in early May and has already racked up impressive sales figures . Racing: Season 4 of featuring a casino. Simulation: and downloadable content (DLC) relating to several successful games Releases scheduled for the second half of the financial year (1 October - 31 March) are: Adventure: Sport: . Racing: , and seasons 5 and 6 of Because of the number of games released in 2024/25, Back Catalogue sales in 2025/26 are likely to be similar to the level achieved last year. NACON has also just announced a new agreement with WRC Promoter in relation to the World Rally Championship (WRC) licence. The licence covers the development and publication of games and official WRC eSports competitions, and gives NACON exclusive rights on PC and consoles for six seasons from 2027 to 2032. Accessories business: Performance in the current year will also be supported by the launch of new accessories, confirming the expertise acquired by NACON in this area: Since it was released on 23 April, the controller has been getting rave reviews from industry figures. It has achieved an average rating of 9/10 in the specialist press. The range has just been launched with the RS Pure steering wheel, the DD-9Nm base and the RS Pure pedal set. For the release of the Nintendo SwitchTM2, NACON has developed around 30 accessories specifically for the console. With its strong positions in two complementary business areas, a busy release schedule in the current financial year and numerous upcoming product launches in the Accessories business, NACON is going into the 2025/26 financial year with confidence, buoyed by a stronger product line-up, a strategy of continuous innovation and rigorous financial discipline. Next event: Shareholders' General Meeting, 25 July 2025 First-quarter 2025/26 sales: 28 July 2025 after the market close ABOUT NACON 2024/25 IFRS SALES: €167.9 MILLION2024/25 OPERATING INCOME: €1.1 MILLIONWORKFORCEOver 1,000 employees INTERNATIONAL PRESENCE25 subsidiaries and a distribution network covering 100 countrieshttps:// NACON is part of the Bigben group and was formed in 2019 to optimise its areas of expertise and generate synergies between them in the video game market. Combining its 16 development studios, AA video game publishing and the design and distribution of premium gaming peripherals, NACON has 30 years of expertise in serving gamers. This new unified business gives NACON a stronger position in its market and enables it to innovate by creating new and unique competitive advantages. Listed on Euronext Paris, compartment B – Index: CAC Mid&SmallISIN: FR0013482791; Reuters: Bloomberg: NACON:FP CONTACT:Cap Value – Gilles Broquelet gbroquelet@ - +33 (0)1 80 81 50 01 Attachment CP_Nacon_RA 2025_25 Diffusion EnglishError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
PRESS RELEASE: NACON ANNOUNCES THE AVAILABILITY OF THE REVOSIM RS PURE BUNDLE AND UNVEILS THE REST OF ITS SIMRACING ECOSYSTEM
NACON ANNOUNCES THE AVAILABILITY OF THE REVOSIM RS PURE BUNDLE AND UNVEILS THE REST OF ITS SIMRACING ECOSYSTEM. Paris (France), May 27, 2025 – NACON, a world leader in gaming accessories, is delighted to announce the availability of its first Direct Drive Revosim RS PURE bundle on Several additional accessories will be released between now and the end of 2025. Presented at Bigben Week 2025, these products are designed to enrich the Revosim ecosystem. Players will be able to add a hybrid gearbox (classic H-box/sequential gearbox), a clutch pedal, a loadcell handbrake and a new wheel, all compatible with products in the RS PURE range. 'This RS PURE bundle embodies our desire to offer gamers a high-performance steering wheel, adapted to the demands of modern simracing,' says Sébastien Waxin, Head of Racing at NACON 'Thanks to our combined expertise as a publisher of racing games and designer of gaming accessories, we have designed a product true to our commitments: to provide quality equipment, to accompany gamers in their passion for gaming, and now simracing.' RS PURE: A range dedicated to perfect immersionDesigned to provide maximum comfort, realism and performance for players, the RS PURE stands out thanks to 3 key elements: The Direct Drive base with 9 Nm force feedback and a 21-bit encoder, guaranteeing faithful reproduction of every road detail: vibrations, surface variations and loss of grip. The steering wheel is equipped with a Quick Release system inspired by racing models, a hub and a wheel for easy steering wheel changes and perfect immersion, whatever the type of game. A modular pedal set in steel and brushed aluminum, equipped with a 100 kg Loadcell for precise, realistic braking that can be adjusted to players' preferences thanks to the elastomers supplied. The various versions of the RS PURE are available from for £699.90 for the complete bundle and £599.90 for the bundle without pedals. Find all the Revosim assets here About NACONA company within the BIGBEN group, NACON was created in 2019 to optimise its expertise and leverage synergies in the video game market. Comprising 16 development studios, AA game publishing, and the design and distribution of premium gaming peripherals, NACON brings 40 years of experience to benefit the world's gaming community. This unified centre of excellence strengthens NACON's position in the market and creates unique opportunities for innovation and competitive advantages.. Attachment CP_RS Pure launch_ENError while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
PRESS RELEASE: NACON ANNOUNCES THE AVAILABILITY OF THE REVOSIM RS PURE BUNDLE AND UNVEILS THE REST OF ITS SIMRACING ECOSYSTEM
NACON ANNOUNCES THE AVAILABILITY OF THE REVOSIM RS PURE BUNDLE AND UNVEILS THE REST OF ITS SIMRACING ECOSYSTEM. Paris (France), May 27, 2025 – NACON, a world leader in gaming accessories, is delighted to announce the availability of its first Direct Drive Revosim RS PURE bundle on Several additional accessories will be released between now and the end of 2025. Presented at Bigben Week 2025, these products are designed to enrich the Revosim ecosystem. Players will be able to add a hybrid gearbox (classic H-box/sequential gearbox), a clutch pedal, a loadcell handbrake and a new wheel, all compatible with products in the RS PURE range. 'This RS PURE bundle embodies our desire to offer gamers a high-performance steering wheel, adapted to the demands of modern simracing,' says Sébastien Waxin, Head of Racing at NACON 'Thanks to our combined expertise as a publisher of racing games and designer of gaming accessories, we have designed a product true to our commitments: to provide quality equipment, to accompany gamers in their passion for gaming, and now simracing.' RS PURE: A range dedicated to perfect immersionDesigned to provide maximum comfort, realism and performance for players, the RS PURE stands out thanks to 3 key elements: The Direct Drive base with 9 Nm force feedback and a 21-bit encoder, guaranteeing faithful reproduction of every road detail: vibrations, surface variations and loss of grip. The steering wheel is equipped with a Quick Release system inspired by racing models, a hub and a wheel for easy steering wheel changes and perfect immersion, whatever the type of game. A modular pedal set in steel and brushed aluminum, equipped with a 100 kg Loadcell for precise, realistic braking that can be adjusted to players' preferences thanks to the elastomers supplied. The various versions of the RS PURE are available from for £699.90 for the complete bundle and £599.90 for the bundle without pedals. Find all the Revosim assets here About NACONA company within the BIGBEN group, NACON was created in 2019 to optimise its expertise and leverage synergies in the video game market. Comprising 16 development studios, AA game publishing, and the design and distribution of premium gaming peripherals, NACON brings 40 years of experience to benefit the world's gaming community. This unified centre of excellence strengthens NACON's position in the market and creates unique opportunities for innovation and competitive advantages.. Attachment CP_RS Pure launch_EN
Yahoo
26-05-2025
- Automotive
- Yahoo
PRESS RELEASE: NACON ANNOUNCES AGREEMENT WITH WRC PROMOTER FOR THE PUBLISHING OF THE OFFICIAL GAMES OF THE FIA WORLD RALLY CHAMPIONSHIP, FROM 2027 TO 2032
NACON ANNOUNCES AGREEMENT WITH WRC PROMOTER FOR THE PUBLISHING OF THE OFFICIAL GAMES OF THE FIA WORLD RALLY CHAMPIONSHIP, FROM 2027 TO 2032 Lesquin, May 26, 2025 - NACON is pleased to announce the signing of a new agreement with WRC Promoter for the publishing of games based on the FIA World Rally Championship (WRC). The agreement covers the development and publishing of the official WRC games and eSports competitions, granting NACON exclusive rights for PC and consoles for six seasons, from 2027 through 2032. As part of this strategic partnership, NACON will begin development of an all-new WRC game series, aiming to deliver an immersive experience that faithfully reflects the reality of the championship and meets the expectations of both rally enthusiasts and new players. The games will feature the official rallies, vehicles, teams, drivers, and sponsors among the many anticipated content elements. This project represents a complete reboot of the franchise, based on an entirely fresh vision, and marks an ambitious new chapter in the brand's development. 'We are thrilled to renew our collaboration with WRC Promoter. This iconic license provides an exceptional playground to build a highly refined driving experience that lives up to the expectations of rally fans,' said Alain Falc, CEO of NACON. 'Between 2015 and 2023, we had the opportunity to work closely with the championship's official teams and many drivers, allowing us to gain solid and unique expertise in translating rallying into a video game experience. This new venture marks a major milestone: a fully reimagined project driven by a passionate and specialized team, with a clear ambition to elevate rally games to new heights.' 'After a comprehensive evaluation, we are delighted to have reached an agreement with NACON,' expressed FIA World Rally Championship's Chief Marketing Officer Arne Dirks. 'Their vision for the franchise stands out, and their expertise in delivering great rally games is unquestioned. We look forward to breaking new ground together in this collaboration, to truly turn the WRC games into epic adventures and offer gaming experiences beyond rally as we know it today.' About NACONA company within the BIGBEN group, NACON was created in 2019 to optimise its expertise and leverage synergies in the video game market. Comprising 16 development studios, AA game publishing, and the design and distribution of premium gaming peripherals, NACON brings 40 years of experience to benefit the world's gaming community. This unified centre of excellence strengthens NACON's position in the market and creates unique opportunities for innovation and competitive advantages. Attachment PR_WRC Promoter agreement announcement_English
