PRESS RELEASE: NACON: 24.5% SALES INCREASE IN Q1 DESPITE A STRONG COMPARISON BASIS
July 27 2020 - 12:27PM
PRESS RELEASE: NACON: 24.5% SALES INCREASE IN Q1 DESPITE A STRONG
COMPARISON BASIS
Press release
Lesquin, 27
July 2020 18:00 hrs
24.5% sales increase in Q1 despite a
strong comparison basis
·Robust growth of gaming Accessories :
+134.9%·Stronger digital sales : 80.7% of
Game sales·Surge of back catalogue :
+340%
Confirmation of financial targets for FY
2020/21
IFRS – M€ Sales |
2020/2021 |
2019/2020 |
Change |
1st Quarter GamesAccessoriesOthers(1) |
38.0
14.522.5 0.9 |
30.5 20.09.6 0.9 |
+ 24.5% - 27.4% + 134.9% + 1.1% |
Non audited
data (1)
Mobile and Audio sales.
Success of the RIG premium headset range
and solid performance of digital gaming sales
In the first quarter of the 2020/21 fiscal year
(April 1 to June 30, 2020), Nacon's sales were up by 24.5%, driven
by the success of premium headsets which contributed to a sales
upturn in Accessories and by the acceleration of digital sales of
Games.
GAMES
Due to a strong comparison basis resulting from
the release of several major titles at the beginning of the
previous fiscal year, Games were down at 14.5 M€ (compared to 20.0
M€ for Q1 2019/20). Thanks to the acceleration of digital sales
during the lockdown period, Nacon was able to offset the reduction
in the number of new game releases with a 340% surge in back
catalogue sales to 10.8 M€, an amount already equivalent to back
catalogue sales for the entire 2019/20 fiscal year. Digital sales
accounted for 80.7% of Games turnover. The releases of Hunting
Simulator® 2 and Pro Cycling Manager/Tour de France® 2020 over the
period under review fulfilled expectations.
ACCESSORIES
Accessory sales were supported by a thriving
market. With a reinforced range of accessories (Controllers,
Headsets, etc.) Nacon was fully capable of meeting consumer
expectations. In particular, the headset segment grew strongly
thanks to the success of the RIG premium brand acquired in March
2020 and the opening of a subsidiary in the United States.
Outlook
The 2nd quarter of FY 2020/21 should confirm the
upward trend in Nacon's activity.
- the expected releases of 2 new games (WRC®9 and Tennis World
Tour®2) will contribute to the growth of Games sales and digital
sales should maintain their momentum;
- gaming accessories should confirm their growth potential thanks
to restocking from customers (RIGs and controllers) generating a
large order backlog.
Prospects for the second half are equally
promising:
- the momentum of digital sales and the releases of new games
(Monster Truck Championship™, Warhammer Chaosbane® on PS5TM ,
Handball 21TM,Werewolf: the Apocalypse® - EarthbloodTM , Rogue
LordsTM and Vampire: The MasqueradeTM - Swansong) are expected to
make a positive contribution to the Group's sales growth;
- the new partnership with Microsoft will also enable Nacon to
launch a range of controllers compatible with their new console
over this period.
For the full 2020/21 fiscal year, the Group is
confident in its ability to meet its annual financial targets.
Therefore Nacon confirms that it will achieve sales of between €140
and €150 million and a 18% Current Operating Income (2) rate.
The Group also reiterates the financial targets
of its Nacon 2023 plan, with sales for the 2022/23 fiscal year
ranging between 180 M€ and 200 M€ and a Current Operating Income
(2) rate in excess of 20%.
(2) Current Operating Margin = Current
Operating Income rate = Current Operating Income as a percentage of
sales.
Next publication:
Sales for 2nd quarter of FY 2020/2021 :
26 October 2020Press release after close of the Paris
stock exchange
ABOUT NACON
|
2019-20 ANNUAL SALES129.4 M€
HEADCOUNTClose to 510 employees
INTERNATIONAL16 subsidiaries and a distribution
network across 100
countrieshttps://corporate.nacongaming.com/ |
NACON is a company of the BIGBEN Group founded in 2019 to
optimize its know-how through strong synergies in the video game
market. By bringing together its 8 development studios, the
publishing of AA video games, the design and distribution of
premium gaming devices, NACON focuses 20 years of expertise at the
service of players. This new unified business unit strengthens
NACON's position in the market, enables it to innovate by creating
new unique competitive advantages. Company listed on
Euronext Paris, compartment B ISIN : FR0013482791 ;
Reuters : NACON.PA ; Bloomberg : NACON:FP
PRESS CONTACTCap Value – Gilles Broquelet
gbroquelet@capvalue.fr - +33 1 80 81 50 01 |
- CP_Nacon_Sales Q1 2020 2021 Website ENG
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