PRESS RELEASE: NACON: Q4 2022-23 SALES UP 19.1% TO 37.7 M€
April 24 2023 - 12:30PM
PRESS RELEASE: NACON: Q4 2022-23 SALES UP 19.1% TO 37.7 M€
Press
release
Lesquin, 24 April
2023, 18:00 hrs
Q4 2022-23 SALES UP 19.1% TO
37.7 M€
ANNUAL SALES FOR
FY 2022-23:
156.4 M€
(+0.3%)
NACON (ISIN FR0013482791) today releases its
consolidated sales for the full 2022-2023 financial year (period
from 1 April 2022 to 31 March 2023).
IFRS – M€ |
2022/23 |
2021/22 |
Change in % |
Sales |
1st half-year (April - September) |
77.5 |
73.0 |
+6.2% |
3rd quarter (October - December) |
41.1 |
51.2 |
-19.6% |
4th Quarter
(January -
March) (1) |
37.7 |
31.7 |
+19.1% |
|
|
|
|
Games |
24.9 |
12.9 |
+93.0% |
of which: Catalogue |
13.7 |
5.9 |
+130.1% |
Back catalogue |
11.2 |
6.9 |
+61.2% |
Accessories |
12.2 |
17.9 |
-31.6% |
Others(2) |
0.6 |
0.9 |
-31.4% |
Cumulative 12
months
(April
-
March)
(1) |
156.4 |
155.9 |
+0.3% |
|
|
|
|
Games |
90.9 |
54.4 |
+67.0% |
of which: Catalogue |
49.3 |
25.7 |
+91.7% |
Back catalogue |
41.6 |
28.7 |
+44.9% |
Accessoires |
61.2 |
96.6 |
-36.6% |
Others (2) |
4.3 |
4.9 |
-13.1% |
(1) Non audited data
(2) Mobile and Audio sales
Q4 2022 - 2023 up 19.1%
- Good momentum in the Games
business
VIDEO GAMES: As expected, there were a number of
new releases in Q4, including Chef Life, Blood Bowl®3, Clash
Artifacts of Chaos and Transport Fever 2 Console Edition, which
helped to boost Catalogue sales (new games) by 130.1% to 13.7
M€.
The Back catalogue (games released in previous
years) continued to outperform and reached an all-time high in the
quarter. Its sales rose by 61.2% to 11.2 M€.
ACCESSORIES: Sales of new generation consoles
have been increasing since the beginning of the year. However, due
to a certain inertia, the Accessories business did not benefit from
this in the immediate future. This activity thus amounted to 12.2
M€, down 31.6%. Nevertheless, a slowdown in the decline was
observed at the end of the quarter, suggesting a gradual
improvement in the global market in the coming months.
FY 2022 - 2023
sales at 156.4
M€ - Results
trends
For the full FY 2022-2023, despite the
postponement of several major games, NACON recorded a 67.0%
increase in its Games business to 90.9 M€. The Accessories business
was down 36.6% to 61.2 M€, impacted throughout the year by the
shortage of consoles, which caused a sharp decline in the global
accessories market.
Overall, sales for full FY 2022-2023 amounted to
156.4 M€, up 0.3% on the previous year.
Regarding results, NACON anticipates at this
stage that current operating income before IFRS2* will be down on
the previous year, while operating income and net income will
increase.
Outlook for the 2023-2024
financial year
FY 2023-2024 will be marked by a high level of
publishing activity with around twenty games to be released over
the period compared to 13 games released in previous year.
The first half of the year will see the release
of the highly anticipated The Lord of the Rings GollumTM , as well
as RoboCop: Rogue City, Cricket24 and Rugby24, the official game of
the Rugby World Cup to be held in September.
The back catalogue will continue to grow under
the mechanical effect of the games released in 2022-2023.
Lastly, the Accessories business should benefit
from several factors :
- a more favourable base effect,
- a gradual end to the tensions
experienced in 2022-2023 thanks to the increase in the number of
new consoles,
- an offer that will be expanded in
the coming months with the release of several products with strong
potential.
Based on this observation, NACON reaffirms its
confidence in its strong growth prospects for the 2023-24 financial
year.
* Current operating income before IFRS2
corresponds to current operating income before expenses related to
share-based payment plans.
Next Publication:
Annual Results
2022/23:
30 May
2023 (Press release after close of the
Paris stock exchange)
2022-23
ANNUAL SALES 156.4 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 |
- CP_Nacon_CA_T4 2022-23 - ENG
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