PRESS RELEASE: NACON: RETURN TO GROWTH FOR Q3 2021-22 (+5,2%)
January 24 2022 - 11:45AM
PRESS RELEASE: NACON: RETURN TO GROWTH FOR Q3 2021-22 (+5,2%)
NACON
Press release
Lesquin, 24 January
2022 – 18:00
RETURN TO GROWTH FOR Q3
2021-22 (+5,2%)
CONFIRMATION OF
2021/22 &
2022/23
TARGETS
|
IFRS – M€ |
2021/22 |
2020/21 |
Change |
|
Sales |
|
1st Quarter (April-June) |
33.7 |
38.0 |
-11.3% |
|
2nd Quarter (July-September) |
39.3 |
48.6 |
-19.1% |
|
3rd Quarter (Oct.-Dec.) (1) |
51.2 |
48.6 |
+5.2% |
|
|
|
|
|
|
Games |
14.3 |
13.8 |
+3.4% |
|
Accessories |
34.9 |
32.5 |
+7.4% |
|
Others(2) |
2.0 |
2.3 |
-14.4% |
|
|
|
|
|
|
Cumulative 9 months (April-Dec.) (1) |
124.2 |
135.3 |
-8.2% |
|
|
|
|
|
|
Games |
41.6 |
46.6 |
-10.9% |
|
Accessories |
78.7 |
84.1 |
-6.4% |
|
Others (2) |
4.0 |
4.5 |
-12.2% |
|
|
|
|
|
| (1) Non audited data |
|
|
|
| (2) Mobile and Audio
sales |
|
|
|
Q3 sales rebound to 51.2
M€ i.e.
+5.2%
In Q3 2021/22, Nacon returned to growth after
two quarters which had been impacted by a very high comparison
basis due to the lockdown periods favourable to the business. Sales
growth over the period was driven by the strong performance of the
games catalogue* and gaming accessories.
GAMES
The Video Games business posted sales of 14.3
M€, up 3.4% over the quarter. This increase was driven by the
release of Cricket 22®, which got off to a commercial start in line
with expectations. The back catalogue** held up well with sales of
5.5 M€.
ACCESSORIES
The Accessories business also grew by 7.4% to
34.9 M€ over the period. The 3rd quarter of FY 2021/22 saw the
release of the new Revolution X Pro Controller. This good
performance could have been amplified without the worldwide
shortage of consoles (PlayStation®4 and new generation
consoles).
Q4 sales to be impacted
by postponed game releases
In Q4 2021/22, Nacon will continue to benefit
from the success of Cricket 22® and the launch of Rugby22®. However
Games sales are expected to be down sharply, given a weak
publishing activity over the period with the postponement of
Vampire: The Masquerade®- Swansong, release to FY 2022/23.
After the success of the Revolution X Pro
Controller for Xbox® launched in October 2021, Accessories will
enjoy ongoing sales in Q4 of headsets (PlayStation®4,
PlayStation®5, Xbox One®, Xbox® Series X|S) and controllers for
PlayStation®4 and Xbox® Series X|S.
For FY 2021/22, Nacon confirms its year-end
targets with sales expected between 150 M€ and 180 M€ and a current
operating income around 20 M€.
Outlook
confirmed fo
FY 2022/23
In FY 2022/23, Nacon anticipates sustained sales thanks to a
buoyant publishing activity. More than 15 games are expected to be
released during the year. Among them, the highly anticipated
Vampire: The Masquerade®- Swansong and 4 other major games
(SteelrisingTM, The Lord of the Rings™: Gollum™, SessionTM and Test
Drive Unlimited Solar Crown TM). At the same time, Nacon will
continue a policy of selective acquisitions in order to enhance its
catalogue and become one of the leading players in the sector.
In this context, Nacon confirms its targets for FY 2022/23 with
sales ranging between 250 M€ and 300 M€ as well as an operating
margin exceeding 20%.
* Catalogue: games released during the current financial year**
Back catalogue: games released in previous financial years
Next Publication
:
Q4 2021/22 Sales:
25 April
2022, Press
release after close of the Paris stock exchange
|
ABOUT
NACON |
|
2020-21
ANNUAL SALES177.8
M€ HEADCOUNTOver 700
employees INTERNATIONAL20 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 14 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 |
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