PRESS RELEASE: NACON: FY 2021/22: ANNUAL SALES: 155.9 M€
April 25 2022 - 12:26PM
PRESS RELEASE: NACON: FY 2021/22: ANNUAL SALES: 155.9 M€
Press
release
Lesquin, 25 April
2022 – 18:00hrs
FY 2021/22,
A TRANSITION
YEARANNUAL
SALES:
155.9
M€
(-12.3%)
VERY STRONG GROWTH EXPECTED IN
FY 2022/23
NACON (ISIN FR0013482791) announced today its sales for the full
2021/22 financial year (period from 1st April until 31st
March).
|
IFRS – M€ |
2021/22 |
2020/21 |
Change |
|
Sales |
|
1st Quarter |
33.7 |
38.0 |
-11.3% |
|
2nd Quarter |
39.3 |
48.6 |
-19.1% |
|
3rd Quarter (1) |
51.2 |
48.6 |
+5.2% |
|
4th Quarter (Jan. - March) (1) |
31.7 |
42.6 |
-25.6% |
|
|
|
|
|
|
Games |
12.9 |
22.4 |
-42.6% |
|
Accessories |
17.9 |
19.0 |
-6.0% |
|
Others(2) |
0.9 |
1.1 |
-19.6% |
|
Cumulative 12
mths
(April-March)
(1) |
155.9 |
177.8 |
-12.3% |
|
|
|
|
|
|
Games |
54.4 |
69.0 |
-21.2% |
|
Accessories |
96.6 |
103.1 |
-6.3% |
|
Others (2) |
4.9 |
5.7 |
-13.7% |
| (1) Non audited data |
|
|
|
| (2) Mobile and Audio
sales |
|
|
|
A fourth quarter impacted by the
postponement of the release of several video games
As announced, sales for the 4th quarter of FY
2021/22, at €31.7 M€, were down 25.6% on a like-for-like basis due
to the weakness of the publishing business.
GAMES
The Video Games business posted Q4 sales of 12.9
M€, down 42.6%. This change resulted from the postponement of
several game releases to FY 2022/2023, in particular the highly
awaited Vampire: The Masquerade® - Swansong title to 19 May
2022.
The only release of the quarter, Rugby 22, was
well received and outperformed Rugby 20.
The back catalogue* business performed well with
sales up 12.7% to 6.9 M€.
ACCESSORIES
The Accessories business held up well against a
backdrop of a shortage of consoles and an unfavourable geopolitical
and economic environment. Sales were 17.9 M€ for the quarter, down
6.0%.
12-month sales in line with announced
targets
For the full FY 2021/2022, sales amounted to
155.9 M€, within the range announced by the Group at the time of
the publication of Q3 sales.
Sales were 54.4 M€ (-21.2%) for the Games
business and 96.6 M€ (-6.3%) for the Accessories business.
Due to slightly lower than expected sales in Q4,
current operating income is expected to be between 17 M€ and 19 M€
for the full year.
Strong acceleration of business and earnings growth
expected in 2022/2023
The quantity and quality of the games expected for FY 2022/23
will have a "booster" effect on the activity of this new financial
year.
Due to the high level of editorial activity (Vampire: The
Masquerade® - Swansong, Zorro The Chronicles, Tour de France 2022
and Pro Cycling Manager), sales in Q1 2022/23 will be up sharply.In
this context, Nacon reiterates its targets of sales ranging between
250 M€ and 300 € for FY 2022/23 with a current operating margin in
excess of 20%.
Following the acquisitions of Midgar Studio and Daedalic
Entertainment, Nacon will further pursue its external growth
strategy in order to strengthen its ability to develop new quality
games internally.
Upon release of its FY 2021/22 results on May 30, Nacon will
detail its business plan for the current year.
(*) Back catalogue: games released in previous financial
years
Next
Publication:
Annual Results
2021/22:
30 May
2022 (Press release after close of the
Paris stock exchange)
|
2021-22
ANNUAL SALES 155.9 M€ HEADCOUNT
Over 700 employees INTERNATIONAL 20 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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