PRESS RELEASE: Nacon revises its targets for fy 2020/21 upwards
September 01 2020 - 11:45AM
PRESS RELEASE: Nacon revises its targets for fy
2020/21 upwards
Press release
Lesquin, 01 September 2020
18:00hrs
Nacon revises its targets for fy
2020/21 upwards:
·Higher sales between 150 M€ and 160
M€
·COI rate (1) confirméd àt
18%
Increased sales of accessories and
strong momentum in the back catalogue
Nacon anticipates stronger than expected growth
in its Gaming Accessories segment thanks to robust sales of
controllers and the success of its new range of RIG premium
headsets acquired in March 2020.
In the Games segment, back catalogue sales have
been very strong since the beginning of the year and are benefiting
from structural changes in gamers' consumption patterns, which
increasingly favour the digital channel in their purchasing
process.
Postponement of Vampire: The Masquerade
– Swansong to 2021/22
The release schedule for new games should be
respected, with the exception of Vampire: The Masquerade -
Swansong, a narrative RPG (2) based on the universe of the
eponymous cult role-playing game, which is now postponed to the
first half of fiscal year 2021/22. This postponement will allow the
Big Bad Wolf studio (Cyanide) to fine-tune the development of this
flagship title in the Nacon portfolio and increase its quality in
order to maximize its potential and generate significant revenue
for the next fiscal year.
Despite this postponement, Nacon is relying on
the good trend of its activities to revise its 2020/21 sales target
upwards to between 150 M€ and 160 M€ (vs. 129.4 M€ as at 31 March
2020).
Thanks to the growth in back catalogue digital
sales, Nacon is able to confirm a COI (1) rate of 18% for
2020/21.
(1) Current Operating Income (COI) rate = Current
Operating Income in percentage of sales = Current Operating
Margin(2) RPG = « Role-playing game »
Next publication:
Annual Results 2019/20: 26 October
2020Press release after close of the Paris stock
exchange
ABOUT NACON
|
2019-20 ANNUAL SALES129.4 M€
HEADCOUNTOvero 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 – Index: CAC Mid &
SmallISIN : FR0013482791 ; Reuters : NACON.PA ;
Bloomberg : NACON:FP PRESS CONTACTCap
Value – Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50 01
|
- PR_Nacon_Revised year-end targets 2020_21_Website_ENG
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