- 01
Nacon reported 129.4 million euros in annual sales for the 2019/20 fiscal year, a 14.4% increase over the previous year.
- 02
Software segment performance was the primary growth driver, with game sales rising 40.6% to 70.7 million euros.
- 03
Digital distribution became the dominant revenue stream, growing to 69% of total game revenue compared to 41% in the prior year, with Q4 digital sales multiplying 2.7 times year-over-year.
- 04
The accessories segment declined 4.8% to 52.6 million euros, impacted by a high comparison base from previous controller releases and physical retail closures.
- 05
Management raised the current operating margin target to exceed 16%, as the higher margins from digital software sales offset the revenue decline in physical accessories.
- 06
Following a March 2020 IPO, the company holds 100 million euros in available cash to support its 2022/23 strategic plan of 180 to 200 million euros in sales.
- 07
Development remains on schedule for upcoming titles like WRC9, with the company expanding the RIG headset brand into the United States and Australia.