Key insights
7 slides
Key number
Net income rose 37.3% to €17.5 million in 2023/24.
Nacon reported a robust financial year with consolidated IFRS sales rising to €167.7 million. Net income represented 10.5% of sales.
Margin expansion
EBITDA surged 45% to €70.9 million, reaching a 42.3% margin.
Gross profit climbed to €104.2 million, up 13.1%, pushing the gross margin to 62.1% of sales. Operating income grew 20.5% to €20.9 million.
New releases
Nineteen new titles drove a 21.2% increase in catalogue sales.
The successful Robocop: Rogue City lifted new-game catalogue sales to €59.3 million. Back-catalogue sales increased 7.4% to €44.7 million.
Hardware rebound
Accessories revenue rebounded to €62.7 million on new hardware launches.
New hardware launches such as the RIG 600 PRO headset and REVOLUTION 5 PRO controller supported the recovery.
Cash flow
Operating cash flow grew 54.4% to €73.1 million.
Inventory levels were trimmed by €8.2 million, aiding the cash flow increase. Equity strengthened to €263.6 million while net debt fell to €85.2 million.
2024/25 plan
Nacon plans around 15 games and a dedicated Racing department.
The company is launching a dedicated Racing department under the Revosim by Nacon brand. It aims to consolidate its racing-market presence with new premium peripherals.
2024/25 strategy. NACON plans to release approximately 15 games and launch a dedicated Racing department.
Page 2 of the report- 01Release approximately 15 gamesBusy 2024/25 release calendar
- 02Launch dedicated Racing departmentUnder the Revosim by Nacon brand
- 03Integrate software and hardwareWith new premium peripherals
Full-year results
Nacon delivered strong growth across sales, profit, and cash flow.
The company expects continued sales and operating-income growth.
2023/24 results. Nacon reported a robust financial year for 2023/24.
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Summary
NACON reported a robust financial year for 2023/24, with consolidated IFRS sales rising to €167.7 million from €156.0 million, a 7.5 % increase. Gross profit climbed to €104.2 million, up 13.1 %, pushing the gross margin to 62.1 % of sales. EBITDA surged by 45 % to €70.9 million, translating into a margin of 42.3 %. Operating income grew 20.5 % to €20.9 million, representing 12.5 % of sales, while net income rose 37.3 % to €17.5 million, or 10.5 % of sales. The company’s equity strengthened to €263.6 million, and net debt fell to €85.2 million, reflecting disciplined borrowing and repayment.
Key drivers included a heavy new‑game release schedule of 19 titles, notably the successful Robocop: Rogue City™ which lifted catalogue sales by 21.2 % to €59.3 million. Back‑catalogue sales increased 7.4 % to €44.7 million, and accessories revenue rebounded to €62.7 million, buoyed by new hardware launches such as the RIG 600 PRO headset and REVOLUTION 5 PRO controller. Inventory levels were trimmed by €8.2 million, and operating cash flow rose 54.4 % to €73.1 million.
Looking ahead, NACON plans a busy 2024/25 release calendar of around 15 games and aims to consolidate its racing‑market presence through a dedicated Racing department, the Revosim by Nacon brand, and new premium peripherals. The strategy positions NACON as a unique provider of integrated racing games and accessories worldwide, with expectations of continued sales and operating‑income growth.
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