PRESS RELEASE: NACON: FIRST HALF 2023/24 SALES: €70.8 million
October 30 2023 - 1:32PM
PRESS RELEASE: NACON: FIRST HALF 2023/24 SALES: €70.8 million
Press
release
Lesquin, 30 October 2023, 18:00
FIRST HALF 2023/24 SALES: €70.8
millionSTRONG GROWTH EXPECTED IN THE SECOND
HALF CONFIRMATION OF 2023/24 GUIDANCE
NACON (ISIN FR0013482791) today publishes its
consolidated sales for the first half of its 2023/24 financial year
(period from 1 April to 30 September 2023).
IFRS (€ million) |
2023/24 |
2022/23 |
% change |
Sales |
First
quarter (April-June) |
38.5 |
42.4 |
-9.3% |
|
|
|
|
Second
quarter (July-September) |
32.3 |
35.1 |
-8.0% |
|
|
|
|
Gaming |
16.9 |
19.4 |
-12.9% |
of which: Catalogue |
7.5 |
10.5 |
-28.2% |
Back catalogue |
9.3 |
8.9 |
+5.2% |
Accessories |
14.5 |
14.5 |
-0.5% |
Other(1) |
1.0 |
1.2 |
-21.5% |
|
|
|
|
First half (April-September) |
70.8 |
77.5 |
-8.7% |
|
|
|
|
Gaming |
44.3 |
47.0 |
-5.7% |
of which: Catalogue |
23.1 |
25.4 |
-9.0% |
Back catalogue |
21.2 |
21.6 |
-1.8% |
Accessories |
24.9 |
28.5 |
-12.7% |
Other(1) |
1.6 |
2.0 |
-21.5% |
|
|
|
|
(1) Mobile and Audio sales
Decline in the second quarter ahead of a
strong rebound expected in the second half
GAMING: Catalogue sales (new games) amounted to
€7.5 million as opposed to €10.5 million in the year-earlier
period. The change was due in particular to the high base for
comparison (with SteelrisingTM
released in the second quarter of 2022/23), since only two games
were released at the end of the quarter:
Overpass2TM and
AD InfinitumTM.
As predicted, the back catalogue (games released
in previous years) returned to growth with sales up 5.2% at €9.3
million.
ACCESSORIES: The upturn in the global
accessories market seen in the first quarter of Nacon’s financial
year was confirmed in the second, due to growth in the installed
base of new consoles and excellent headset sales in the United
States, where distributors are expecting strong sales at the end of
the calendar year.
Outlook for 2023/24 : Strong growth
expected in the second half
NACON has a busy release schedule for the third
quarter.
-
Astérix & Obelix: Heroes TM
and Cricket 24: Official Game of the Ashes
TM came out on 5 October. Cricket 24 is the first
cricket video game to feature such a large number of licensed
teams, including the biggest Indian franchises. Initial sales are
already very good.
- Robocop: Rogue
City TM has achieved record presales. It
will be available from 2 November 2023 on PlayStation®5, Xbox
Series X|S and PC.
- Gangs of Sherwood
TM will be released on 30 November on
PlayStation®5, Xbox Series X|S and PC, and has received good
previews.
The back catalogue should continue to see rising
sales despite a high base for comparison.
The Accessories business will grow, driven by
the installed base of new consoles and the release of some very
promising new products in October:
-
Revolution 5 Pro controller: this is a
premium controller officially licensed by PlayStation® and intended
for PS5®, PS4TM and PC gamers. It is regarded as one of the best
controllers in the market, combining design, ergonomics and
innovations including Hall Effect technology, which gives greater
precision to the joysticks and triggers. Initial sales are very
promising.
-
RIG 600 PRO gaming headset:
offering excellent value for money, this wireless headset has
dual-connection technology, allowing users to connect to both their
PC/console and mobile phone.
The fourth quarter will also have a strong
line-up of new releases with several games slated to come out,
particularly Test Drive Unlimited: Solar Crown
TM.
Based on firm second-half sales, NACON confirms
its outlook for strong growth in sales and operating income in its
2023/24 financial year.
Next key event:
First-half 2023/24 resultsMonday 27
November 2023: Press release after the market
closeTuesday 28 November 2023: SFAF analyst
meeting
ABOUT
NACON |
2022/2023
SALES:€156.4 million WORKFORCEOver
1,000 employees INTERNATIONAL
PRESENCE23 subsidiaries and a distribution network in 100
countrieshttps://corporate.nacongaming.com/ |
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: NACON.PA;
Bloomberg: NACON:FP). CONTACT:Cap Value –
Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50
01 |
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