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PRESS RELEASE: BIGBEN: THIRD QUARTER 2024/25 SALES OF €87.7 MILLION
BIGBig Lots(BIG) GlobeNewswire·2025-01-20 17:15

Financial Performance - Third quarter 2024/25 sales reached €87.7 million, a decrease of 6.8% compared to the same period in 2023/24 [2][4] - First nine months of 2024/25 sales totaled €223.6 million, a slight increase of 0.6% compared to the previous year [4] - NACON Gaming sales for the third quarter were €52.9 million, down 10.3% year-on-year [4] - Bigben AudioVideo/Telco sales for the third quarter were €34.8 million, almost unchanged from the previous year [4][9] Gaming Segment - Gaming sales in the third quarter amounted to €25.4 million, a decrease of 23.7% [5] - Catalogue sales (new games) were €9.8 million, down 52.9% due to lack of major new releases [5] - Back Catalogue sales increased by 24.5% to €15.6 million, reflecting strong momentum [6] - Accessories sales rose 5.3% to €25.2 million, driven by strong performance of RIG headsets and REVOLUTION 5 PRO controllers [7] Bigben AudioVideo/Telco Segment - Mobile Accessories sales fell only 3.9% to €25.3 million, supported by the premium market position of the Force® brand [10] - Audio/Video sales increased by 8.0% year-on-year to €9.4 million, driven by diversification of sales outlets and product range [11] Strategic Developments - NACON plans to build a new production plant for video gaming accessories in France, operational by late 2025 [8] - The plant aims to improve supply chain control, in-house value retention, and inventory optimization [8] Outlook - NACON expects a slightly busier release schedule in the fourth quarter, including three new games [12][17] - Test Drive Unlimited: Solar Crown has over 500,000 players and continues to sell well [13] - Bigben AudioVideo/Telco anticipates stable sales in the fourth quarter, supported by premium positioning and new product launches [14][15] - Strong growth is expected in the first half of 2025/26, driven by new Gaming and Accessories products, a buoyant Back Catalogue, and the launch of the Nintendo SwitchTM 2 console [15][16][19] Market Position - The Group maintains a premium positioning in Mobile Accessories, with products like Force Play Immersion® headphones and the "Origine France Garantie" label charger gaining consumer recognition [18] - NACON has a full range of accessories compatible with the upcoming Nintendo SwitchTM 2 console [19]