Interim Financial Report: First Half 2020/21

1. 01
   NACON's net income significantly increased by 46.7% to €9.6 million in the first half of 2020/21, up from €6.5 million in the first half of 2019/20.See it on page 4
2. 02
   Recurring operating income for NACON rose by 47.4% to €15.7 million in the first half of 2020/21, compared to €10.7 million in the prior year, driven by increased revenue, reduced external expenses, and controlled personnel costs.See it on page 4
3. 03
   Consolidated revenue for NACON grew by 35.9% to €86.6 million in the first half of 2020/21, with gaming accessories revenue more than doubling from €23.6 million to €51.6 million, now representing 60% of total revenue.See it on page 26
4. 04
   NACON acquired 100% of Belgian development studio Neopica Srl on October 19, 2020, a studio known for developing around 60 games including Hunting Simulator 1 & 2 and FIA European Truck Racing Championship.See it on page 7
5. 05
   NACON's EBITDA reached €30.4 million in the first half of 2020/21, representing 35.1% of revenue, up from €23.5 million (37.0% of revenue) in the first half of 2019/20.See it on page 4
6. 06
   The average effective tax rate for NACON decreased to 27.2% in the first half of 2020/21 from 29.6% in the prior year, primarily due to a cut in France’s corporate income tax rate.See it on page 4
7. 07
   No dividends were paid in the first half of 2020/21, as the Board of Directors decided not to propose a dividend payment for 2019/20.See it on page 28

2019/20 Annual Sales Report

Nacon