Nacon reported 72.8 million euros in consolidated sales for the first half of fiscal year 2021/22, a 15.9% year-over-year decline attributed to pandemic-related high comparisons and logistical disruptions.
The company reaffirmed its full-year targets of 180 to 200 million euros in sales with a 20% current operating margin, expecting growth to accelerate in the second half.
The accessories division, which accounts for the majority of revenue, fell 15.1% to 43.7 million euros due to global supply chain issues that delayed shipments between Asia and North America.
The games segment generated 27.1 million euros, a 17.5% decrease from the previous year, despite the successful release of titles such as WRC 10 and Rogue Lords.
Nacon projects fiscal year 2022/23 sales to reach between 230 and 260 million euros, driven by a strategy of studio acquisitions and an expanding intellectual property portfolio.
Upcoming second-half performance is expected to be bolstered by the release of Blood Bowl 3, Vampire: The Masquerade – Swansong, and the new Revolution X Pro controller for Xbox.
Nacon reported consolidated sales of 72.8 million euros for the first half of the 2021/22 fiscal year, representing a 15.9% decline compared to the same period in the previous year. This performance was primarily attributed to a high basis of comparison from the prior year, which had been significantly bolstered by pandemic-related lockdowns, and substantial logistical disruptions. Global supply chain issues, particularly affecting sea and land transport between Asia and North America, led to the postponement of several accessory deliveries originally scheduled for the second quarter.
The games segment generated 27.1 million euros in the first half, down 17.5% year-over-year, despite positive critical and commercial receptions for titles such as WRC 10 and Rogue Lords. The back catalogue remained resilient, contributing stable revenue even as editorial activity fluctuated. The accessories division saw a 15.1% decline to 43.7 million euros, with strong inventory management in Europe partially offsetting the logistical delays experienced in the American market.
Despite the first-half contraction, the outlook remains positive for the remainder of the fiscal year. Growth is expected to accelerate in the second half driven by a robust release schedule including Blood Bowl 3 and Vampire: The Masquerade – Swansong, alongside new hardware launches like the Revolution X Pro controller for Xbox. Consequently, the company confirmed its full-year targets of 180 to 200 million euros in sales with a 20% current operating margin. Looking further ahead to the 2022/23 fiscal year, the company anticipates sales between 230 and 260 million euros, supported by major upcoming releases and a continued strategy of studio acquisitions to expand its intellectual property portfolio.
