Updated Mar 17, 2026 by Nacon
Nacon reported a significant downturn for H1 2021/22, with sales falling 15.7% to 73.0 million euros and current operating income dropping 46.3% to 8.4 million euros compared to the previous year.
The company lowered its full-year 2021/22 guidance to 150–180 million euros in sales and approximately 20 million euros in operating income following the postponement of major titles like Vampire: The Masquerade – Swansong and Blood Bowl 3.
Nacon projects a strong recovery for 2022/23, targeting sales between 250 and 300 million euros and an operating margin exceeding 20%, supported by a pipeline of over 15 game releases.
Video game revenue declined by 16.9% in H1, though the back catalogue remained a key stabilizer, accounting for nearly 60% of total game sales.
The accessories segment faced headwinds from logistical challenges in the U.S. and rising raw material and transport costs, though gross margins remained stable at 52.1%.
Nacon maintains a solid financial position with 219.0 million euros in equity and continues to expand its development capabilities, most recently through the acquisition of Ishtar Games.
Nacon reported a significant downturn for H1 2021/22, with sales falling 15.7% to 73.0 million euros and current operating income dropping 46.3% to 8.4 million euros compared to the previous year.
The company lowered its full-year 2021/22 guidance to 150–180 million euros in sales and approximately 20 million euros in operating income following the postponement of major titles like Vampire: The Masquerade – Swansong and Blood Bowl 3.
Nacon projects a strong recovery for 2022/23, targeting sales between 250 and 300 million euros and an operating margin exceeding 20%, supported by a pipeline of over 15 game releases.
Video game revenue declined by 16.9% in H1, though the back catalogue remained a key stabilizer, accounting for nearly 60% of total game sales.
The accessories segment faced headwinds from logistical challenges in the U.S. and rising raw material and transport costs, though gross margins remained stable at 52.1%.
Nacon maintains a solid financial position with 219.0 million euros in equity and continues to expand its development capabilities, most recently through the acquisition of Ishtar Games.