PRESS RELEASE: NACON: 1st HALF 2022/23 SALES: 77.5 M€ (+6.2%)
October 24 2022 - 11:50AM
PRESS RELEASE: NACON: 1st HALF 2022/23 SALES: 77.5 M€ (+6.2%)
Press
release
Lesquin, 24 October 2022 18:00
1st
HALF 2022/23 SALES:
77.5 M€
(+6.2%)
NACON (ISIN FR0013482791) today announces its consolidated sales
for the first half of FY 2022-2023 (period from 1 April 2022 to 30
September 2022).
IFRS – M€ |
2022-23 |
2021-22 |
Change |
Sales - non audited |
1st Quarter (April-June) |
42.4 |
33.7 |
+25.8% |
2nd Quarter (July-Sept.) |
35.2 |
39.3 |
-10.6% |
|
|
|
|
Games |
19.4 |
15.1 |
+28.6% |
Of which : Catalogue |
10.5 |
8.0 |
+31.1% |
Back catalogue |
8.9 |
7.1 |
+25.7% |
Accessories |
14.6 |
23.2 |
-37.2% |
Others (1) |
1.2 |
1.1 |
+14.4% |
1st Half-Year (April-Sept.) |
77.5 |
73.0 |
+6.2% |
|
|
|
|
Games |
47.0 |
27.3 |
+72.3% |
Of which : Catalogue |
25.4 |
11.0 |
+130.0% |
Back catalogue |
21.6 |
16.2 |
+33.0% |
Accessories |
28.6 |
43.7 |
-34.7% |
Others (1) |
2.0 |
2.0 |
-0.5% |
(1) Mobile & Audio sales
NACON
posted
35.2 M€ sales for Q2
2022-23
VIDEO GAMES: Catalogue sales (new games) rose by
31.1% to 10.5 M€, driven by the latest releases. The quarter saw
the release of SteelrisingTM and Session Skate SimTM in September.
However Catalogue sales for the period, although buoyant, remained
below the Group's forecast.
The very good performance of the Back Catalogue
(games released in previous years) posting sales up 25.7% to 8.9
M€, validates the Group's medium-term strategy.
ACCESSORIES: Over the quarter, Accessories sales
came to 14.6 M€, down 37.2%. This business remains impacted by a
very high base effect, particularly in the USA, and by a sharp
decline in the global headset market.
Expected trends for the second half of
the year
After the release of Vampire: The Masquerade®-
Swansong, Session Skate SimTM and SteelrisingTM in the first half
of the year, publishing will see busy news in the second half of
2022-23.
The third quarter will see the release after a
two-month slippage of WRC Generations. Recognised as the best rally
game on the market́, it will bring together all the generations of
cars (from 1973 to 2022) for the first time. In addition, several
games scheduled for Q3 will finally be released in Q4:- Blood
Bowl®3, a game close to American football in a fantasy environment,
a new installment in the successful Blood Bowl franchise- Chef
Life, in partnership with the Michelin Guide.- Clash, in the
thriving fighting game segment.- Transport Fever 2 Console Edition,
for PlayStation®4, PlayStation®5, Xbox One and Xbox Series.
In Accessories, despite the commercial success
of the RIG pro Series 300, 500 and 800 gaming headsets, activity in
the second half of the year should remain on the same trend as in
the first half.
FY 2022-23
targets
Against this backdrop of Catalogue sales that
will fall short of expectations, due in particular to the later
release of several major games, of a downturn in the Accessories
business and tensions in the supply of new consoles, NACON will not
be able to achieve its 2022/2023 targets of sales in excess of 250
M€ and current operating income in excess of 50 M€.
Nevertheless, sales for the year and current
operating income will be up on the previous year due to the
combined effect of the increase in catalogue sales and the thriving
back catalogue.
The highly anticipated release of The Lord of
the Rings GollumTM, an iconic character from the world of J.R.R.
Tolkien's novel The Lord of the Rings, is now scheduled for
2023.
FY 2023-24
NACON anticipates a strong growth driven both by
sales of games to be released at the end of FY 2022-23 which will
thus feed the back catalogue, and by a qualitative and varied
publishing output. This development of the back catalogue will
automatically accelerate growth and have a positive impact on
operating profitability.
On the strength of this observation, NACON
reaffirms its firm confidence in its medium-term prospects.
Upcoming
events:
Half-year
results 2022-2023 Monday
28
November
2022 : Press release after close of the Paris
stock exchangeTuesday 29
November
2022 : SFAF Meeting
2021-22 ANNUAL
SALES 155.9 M€ HEADCOUNT Over 900
employees INTERNATIONAL 23 subsidiaries and a
distribution network across 100 countries
https://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 16
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 CONTACT Cap Value – Gilles Broquelet
gbroquelet@capvalue.fr - +33 1 80 81 50 01 |
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