PRESS RELEASE: NACON: FY 2020/21 Sales target exceeded:177.9 M€ (+ 37.5% vs. FY 2019/20)
April 26 2021 - 12:45PM
PRESS RELEASE: NACON: FY 2020/21 Sales target exceeded:177.9 M€ (+
37.5% vs. FY 2019/20)
Press
release
Lesquin, 26 April 2021 17:45 hrs
FY 2020/21 Sales target
exceeded:177.9
M€ (+
37.5%
vs. FY
2019/20)
- Gaming
Accessories :
103.2
M€,
+96.1%
- Tripling of Gaming
Back catalogue
sales :
31.0
M€
IFRS – M€Sales |
2020/2021 |
2019/2020 |
Change |
1st Half |
86.6 |
63.7 |
+35.9% |
3rd Quarter (1) |
48.6 |
40.4 |
+20.3% |
4th Quarter (1)GamingAccessoriesOthers (2) |
42.622.419.1
1.1 |
25.315.88.51.0 |
+68.7% +41.9%
+125.5%
+13.1% |
12 months (1)GamingAccessoriesOthers (2) |
177.9
69.1
103.2
5.7 |
129.470.852.6 6.1 |
+37.5% -2.4%
+96.1%
-6.4% |
(1) Non audited
data (2) Mobile and Audio sales.
A
Q4 2020/21
particularly thriving:
+
68.7%
In Q4 2020/21, Nacon recorded sales of 42.6 M€
driven by the performance of both Accessories and
Games.
GAMES
Video game sales rose 41.9% to 22.4 M€.
The increase in business was driven by the very
good sales of the Werewolf® : the Apocalypse – Earthblood
action-RPG as well as the releases of the PlayStation®5 / Xbox
Series X|S versions of Monster Truck®, Tennis World Tour®2 and
Hunting Simulator® 2,
The contribution of the back catalogue (3),
generating high margins, doubled compared to Q4 2019/2020.
Digital sales grew steadily and represented 75%
of Q4 game sales compared to 70% in the previous year.
ACCESSORIES
In a global context of component shortages,
NACON has been able to anticipate its supplies and thus to
guarantee regular deliveries to distribution channels.
While waiting for the new consoles to take off,
the installed base of more than 110 million PS®4 consoles around
the world enabled NACON to generate sales of Accessories up sharply
by 125.5% to 19.1 M€, with the success of the Pro Compact
Controller® and Asymmetric Wireless Controller® in particular.
(3) Back catalogue = Video games released on previous fiscal
years
Annual sales exceeding the target,
already revised upwards at the
end of November 2020
In FY 2020/21, NACON achieved a 37.5% increase
in sales to 177.9 M€, exceeding the 160/170 M€ sales target revised
upwards last November.
At the same time, in line with the strategy
presented at the time of its IPO and fundraising in March 2020,
NACON has actively pursued its development strategy over the past
financial year:
- the acquisitions of three development studios: Neopica,
Passtech Games and BigAnt Studios ;
- the successful establishment of NACON in the United States for
more than a year with the deployment of RIG®
accessories ;
- the signature of a licensing agreement with Microsoft for the
new Xbox® Series X|S console.
GAMES
The video game business was characterised by a
tripling of sales from the back catalogue to 31.0 M€ and by some
great successes including Werewolf® : the Apocalypse - Earthblood,
WRC® 9, Tennis World Tour® 2, Hunting Simulator® 2. Despite the
postponement of major releases to FY 2021/22, sales were only
slightly down (- 2.4%) to 69.1 M€ compared to FY 2019/2020.
ACCESSORIES
The Accessories business achieved record sales
of 103.2 M€, up 96.1%. This performance was due to the full-year
contribution of premium RIG® headsets, sustained sales of licensed
controllers, and the launch of accessories for the new Xbox® Series
X|S console art the end of the fiscal year
2020/21 COI target confirmed at 18% and
upcoming upward revision of NACON 2023 Plan
NACON confirms its COI rate of 18% in FY
2020/21.
The fundraising carried out during its IPO in
March 2020 enabled Nacon to acquire studios and finance the
development of new games scheduled for release between 2022 and
2024. The financial benefits of these investments should enable
NACON to increase both its sales and its operating margin for FY
2022/23 and 2023/24.
At the same time, the Accessories business
should continue to grow as the installed base of new consoles
increases.
In this context, Nacon is particularly confident
of achieving further growth momentum in the coming years.
Upon release of FY 2020/21 Annual Results on May
31, NACON will present its forecast for FY 2021/22 and will revise
upwards its guidance for its 2023 NACON Plan.
(1) Current Operating Margin = Current Operating
Income rate = Current Operating Income as a percentage of
sales.
Next publication:
Annual Results 2020/21: 31 May
2021 (Press release after close of the Paris stock
exchange)
SFAF meeting: Tuesday 1
June 2021 (Presentation to the financial community –
French language)
ABOUT
NACON |
2019-20 ANNUAL SALES177.7
M€ HEADCOUNTOver 510
employees INTERNATIONAL17 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 9 development studios, the
publishing of AA video games, the design and distribution of
premium gaming devices, NACON focuses 30 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 |
- PR_Nacon_Sales_Q4 2020 2021
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