PRESS RELEASE: NACON: FIRST-QUARTER 2023/24 SALES: €38.5 MILLION
July 24 2023 - 12:00PM
PRESS RELEASE: NACON: FIRST-QUARTER 2023/24 SALES: €38.5 MILLION
Nacon
Press release
Lesquin, 24 July 2023, 18:00 CEST
FIRST-QUARTER 2023/24 SALES: €38.5
millionCONFIRMATION OF 2023/24
GUIDANCE
NACON (ISIN FR0013482791) today publishes its
consolidated sales for the first quarter of its 2023/24 financial
year (period from 1 April to 30 June 2023).
IFRS (€ million) |
2023/24 |
2022/23 |
% change |
Sales |
First quarter (April-June)
(1) |
38.5 |
42.4 |
-9.3% |
|
|
|
|
Gaming |
27.4 |
27.6 |
-0.7% |
of which: Catalogue |
15.6 |
14.9 |
+4.5% |
Back catalogue |
11.8 |
12.7 |
-6.8% |
Accessories |
10.4 |
14.0 |
-25.5% |
Other(2) |
0.6 |
0.7 |
-21.6% |
(1) Unaudited figures
(2) Mobile and Audio sales
Sales in the GAMING BUSINESS were stable
year-on-year at €27.4 million.
Catalogue sales (new games) rose by 4.5% to
€15.6 million. Despite the weak performance of The Lord of the
Rings GollumTM, sales of Tour de France and TT Isle of Man Ride on
Edge 3 were 20% and 10% higher respectively than those of their
previous versions, while the performance of Ravenswatch, available
in early access since April 2023, was exceptional.
Back catalogue sales (games released in previous
years) fell 6.8% to €11.8 million, affected by their high base for
comparison after months of strong growth.
ACCESSORIES: The upturn in the sales trend,
which began at the end of the last financial year, will be
confirmed in September because pre-orders of new controllers and
headsets are excellent.
Outlook for 2023/24
As previously announced, 2023/24 will be a busy
year in terms of new releases, with around 20 games due to come out
during the period.
Two new games will be released in the second
quarter: Overpass2 and AD Infinitum. The release schedule in the
third quarter will be packed, including Robocop: Rogue City, Gangs
of Sherwood, Cricket24 and Astérix & Obelix: Heroes.
Despite a high base for comparison, back
catalogue sales will continue to rise due to the addition of games
released in 2022/23, and growth should resume in the second
quarter.
Finally, the Accessories business should start
to recover from the third quarter due to growth in the installed
base of new consoles and the release of several very promising new
products.As a result, NACON remains confident that it will achieve
strong growth in sales and operating income in the 2023/24
financial year.
Next key event:
Publication of second quarter 2023/24 sales on 30
October 2023 after the market close
ABOUT
NACON |
2022/2023
SALES:€156.4 million WORKFORCEOver
1000 employees INTERNATIONAL PRESENCE23
subsidiaries and a distribution network in 100
countrieshttps://corporate.nacongaming.com/ |
NACON is part of the Bigben group and was formed in 2019 to
optimise its areas of expertise and generate synergies between them
in the video game market. Combining its 16 development studios, AA
video game publishing and the design and distribution of premium
gaming peripherals, NACON has 30 years of expertise in serving
gamers. This new unified business gives NACON a stronger position
in its market and enables it to innovate by creating new and unique
competitive advantages. Listed on Euronext Paris, compartment
B – Index: CAC Mid&SmallISIN: FR0013482791; Reuters: NACON.PA;
Bloomberg: NACON:FP). CONTACT:Cap Value –
Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50
01 |
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