PRESS RELEASE: NACON: Q3 2022/23 SALES : 41.1 M€
January 23 2023 - 12:00PM
PRESS RELEASE: NACON: Q3 2022/23 SALES : 41.1 M€
Press
release
Lesquin, 23 January 2023, 18:00 hrs
Q3 2022/23 SALES :
41.1
M€2022/23 CUMULATIVE
(9 MONTH) :
118.7
M€ (-4.5%)
NACON (ISIN FR0013482791) today releases its
consolidated sales for the first 9 months of its Financial Year
2022-23 (from April 1, 2022 to December 31, 2022).
IFRS – M€ |
2022-23 |
2021-22 |
Change in % |
Sales |
1st quarter (April - June) |
42.4 |
33.7 |
+25.8% |
2nd quarter (June – September) |
35.1 |
39.3 |
-10.7% |
3rd Quarter
(Oct. -
Dec.)
(1) |
41.1 |
51.2 |
-19.6% |
|
|
|
|
Games |
19.1 |
14.3 |
+33.6% |
Of which: Catalogue |
10.2 |
8.7 |
+17.2% |
Back catalogue |
8.8 |
5.5 |
+59.5% |
Accessories |
20.4 |
34.9 |
-41.5% |
Others(2) |
1.6 |
2.0 |
-17.3% |
Cumulative 9
months
(Apr. –
Dec.) 1) |
118.7 |
124.2 |
-4.5% |
|
|
|
|
Games |
66.1 |
41.6 |
+59.0% |
Of which: Catalogue |
35.6 |
19.8 |
+80.1% |
Back catalogue |
30.4 |
21.8 |
+39.7% |
Accessories |
49.0 |
78.7 |
-37.8% |
Others(2) |
3.6 |
4.0 |
-8.9% |
(1) Non audited data
(2) Mobile and Audio sales
NACON posted 41.1 M€
sales in Q3 2022-23
Over the period, sales of video games and
accessories were impacted by the worldwide shortage of consoles and
drastic stock management by distributors.
VIDEO GAMES: Catalogue sales (new games) rose by
17.2% to 10.2 M€. Sales for the quarter were boosted by games
released in the first half of the year (Vampire The Masquerade® -
Swansong, Pro Cycling Manager 2022, Tour De France 2022,
SteelrisingTM and Session Skate SimTM) and by the release of WRC
Generations on 3 November, which outperformed its predecessor,
WCR10, in the first two months following release.
The Back catalogue (games released during
previous financial years) once again achieved an excellent
performance. Its sales were up 59.5% over the quarter to 8.8
M€.
ACCESSORIES: Sales of accessories came to 20.4
M€, down 41.5% over the quarter. Since the beginning of the year,
the shortage of new generation consoles has caused a sharp decline
in the global accessories market, leading retailers to be very
cautious in their sourcing policy. Expected trends for the
4th quarter and 2022/23 targets
New publishing releases for the 4th quarter will
be sustained with the launch of four games: - Chef Life and the
highly anticipated Blood Bowl®3 will be released on 23 February
2023.- Clash and Transport Fever 2 Console Edition are scheduled
for release on 9 March 2023.
As for Accessories, the end of the console
shortages should lead to an improvement in sales over the next few
months.
For the whole financial year, despite the later
release of several major games, a decline in the Accessories
business and the tensions encountered in the supply of new
consoles, NACON expects sales and current operating income to be
slightly up on the previous year.
Outlook for FY 2023-2024
In FY 2023-2024, NACON will have a wide range of
new releases with about twenty games to be launched during the
year, including : - The Lord of the Rings GollumTM, which will be
released in the first half of FY 2023-24, - RoboCop: Rogue City, -
Gangs of Sherwood,- TestDrive Unlimited Solar Crown.
At the same time, the games released in FY
2022-23 will feed the back catalogue and will mechanically
accelerate growth.
The accessories market should rebound thanks to
a growing installed, base of new generation consoles and a more
favourable base effect.
In view of the above, NACON reaffirms its
confidence in its FY 2023-2024 prospects.
Next
event:
Q4 2022-2023 sales,
24 April
2023
Press release after close of the Euronext Paris
stock exchange
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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