Nacon reported FY 2021/22 sales of €155.9 million, representing a 12.3% year-over-year decline from €177.8 million.
02
The company projects a significant recovery for FY 2022/23, targeting sales between €250 million and €300 million with an operating margin exceeding 20%.
03
Annual game sales fell 21.2% to €54.4 million, while accessories declined 6.3% to €96.6 million.
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The sharp 25.6% drop in Q4 sales to €31.7 million was primarily attributed to the postponement of key titles like Vampire: The Masquerade – Swansong.
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Nacon is pursuing external growth through the acquisitions of Midgar Studio and Daedalic Entertainment to bolster internal development capabilities.
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Despite overall declines, the back-catalogue segment showed growth, increasing 12.7% to €6.9 million.
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Operating income for FY 2021/22 is projected to land between €17 million and €19 million.
Insights
01
Nacon reported FY 2021/22 sales of €155.9 million, representing a 12.3% year-over-year decline from €177.8 million.
02
The company projects a significant recovery for FY 2022/23, targeting sales between €250 million and €300 million with an operating margin exceeding 20%.
03
Annual game sales fell 21.2% to €54.4 million, while accessories declined 6.3% to €96.6 million.
04
The sharp 25.6% drop in Q4 sales to €31.7 million was primarily attributed to the postponement of key titles like Vampire: The Masquerade – Swansong.
05
Nacon is pursuing external growth through the acquisitions of Midgar Studio and Daedalic Entertainment to bolster internal development capabilities.
06
Despite overall declines, the back-catalogue segment showed growth, increasing 12.7% to €6.9 million.
07
Operating income for FY 2021/22 is projected to land between €17 million and €19 million.