Key insights
7 takeaways · ~3 min read- 01Nacon reported a 25.8% year-over-year increase in Q1 2022-23 sales, reaching €42.4 million.See it on page 1
- 02Video game sales grew by 126.2% to €27.6 million, bolstered by new releases like 'Vampire: The Masquerade – Swansong' and the consolidation of Daedalic Entertainment.See it on page 1
- 03Accessories revenue declined 31.8% to €14.0 million, attributed to console shortages, inventory adjustments, and a difficult year-over-year comparison.See it on page 1
- 04The company reaffirmed its full-year targets for FY 2022-23, aiming for sales exceeding €250 million and operating income above €50 million.See it on page 1
- 05Back-catalogue game sales rose 38.7% to €12.7 million, supported by expanded platform distribution deals.See it on page 1
- 06Despite the overall accessories decline, Nacon increased its U.S. market share in the gaming headset segment through its RIG 800 Pro and 300 Pro product lines.See it on page 1
- 07Future growth is expected to be driven by upcoming Q2 releases like 'Steelrising' and 'Session Skate Sim,' followed by 'The Lord of the Rings: Gollum' in the second half of the fiscal year.See it on page 1
Summary
Nacon reported a 25.8 % increase in first‑quarter sales for the fiscal year 2022‑23, reaching €42.4 million compared with €33.7 million in the same period of 2021‑22. Video game sales surged by 126.2 %, totaling €27.6 million, driven largely by the launch of high‑profile titles such as Vampire: The Masquerade® – Swansong, Pro Cycling Manager 2022 and Tour De France 2022. New‑catalogue activity rose to €14.9 million from €3.1 million, while back‑catalogue sales climbed 38.7 % to €12.7 million, aided by the consolidation of Daedalic Entertainment and expanded platform deals.
Accessories sales fell 31.8 % to €14.0 million, impacted by a high base effect, console shortages and inventory readjustments. Despite this decline, Nacon gained U.S. market share in the gaming headset segment with its RIG 800 Pro and 300 Pro ranges.
The company confirmed its full‑year targets of sales exceeding €250 million and operating income above €50 million for FY 2022‑23. Upcoming releases in Q2, including Steelrising, Session Skate Sim and Train Life, are expected to sustain momentum, with The Lord of the Rings: Gollum slated for the second half of the fiscal year. Nacon operates under the Bigben Group umbrella, leveraging a network of 23 subsidiaries and a global distribution presence across 100 countries.
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