Related Documents
Financial
First Half Year 2021/22 Sales
Nacon reported consolidated sales of 72.8 million euros for the first half of the 2021/22 fiscal year, representing a 15.9% decline compared to the same period in the previous year. This performance was primarily attributed to a high basis of comparison from the prior year, which had been significantly bolstered by pandemic-related lockdowns, and substantial logistical disruptions. Global supply chain issues, particularly affecting sea and land transport between Asia and North America, led to the postponement of several accessory deliveries originally scheduled for the second quarter. The games segment generated 27.1 million euros in the first half, down 17.5% year-over-year, despite positive critical and commercial receptions for titles such as WRC 10 and Rogue Lords. The back catalogue remained resilient, contributing stable revenue even as editorial activity fluctuated. The accessories division saw a 15.1% decline to 43.7 million euros, with strong inventory management in Europe partially offsetting the logistical delays experienced in the American market. Despite the first-half contraction, the outlook remains positive for the remainder of the fiscal year. Growth is expected to accelerate in the second half driven by a robust release schedule including Blood Bowl 3 and Vampire: The Masquerade – Swansong, alongside new hardware launches like the Revolution X Pro controller for Xbox. Consequently, the company confirmed its full-year targets of 180 to 200 million euros in sales with a 20% current operating margin. Looking further ahead to the 2022/23 fiscal year, the company anticipates sales between 230 and 260 million euros, supported by major upcoming releases and a continued strategy of studio acquisitions to expand its intellectual property portfolio.
NaconOct 2021
Financial
25.8% Sales Growth in Q1 2022-2023 (42.4 M€): Confirmation of FY 2022-23 Targets
Nacon achieved significant revenue growth during the first quarter of the 2022-2023 fiscal year, reporting sales of 42.4 million euros. This represents a 25.8% increase compared to the same period in the previous year, driven primarily by a surge in the video game publishing segment. While the company experienced a contraction in its hardware division, the overall financial performance remains aligned with long-term strategic goals, leading to the confirmation of full-year targets including sales exceeding 250 million euros and current operating income surpassing 50 million euros. The video game segment served as the primary growth engine, with sales rising 126.2% to 27.6 million euros. This performance was bolstered by successful new releases such as Vampire: The Masquerade - Swansong and annual sports franchises, alongside a 38.7% increase in back-catalogue revenue. The integration of Daedalic Entertainment and expanded platform distribution deals significantly enhanced the value of older titles. Conversely, the accessories division saw a 31.8% decline in sales to 14.0 million euros. This downturn is attributed to a high year-over-year comparison base, ongoing global console shortages, and inventory adjustments within retail distribution networks, though the company noted market share gains in the United States headset market. Looking ahead to the remainder of the fiscal year, the outlook remains positive despite the rescheduling of high-profile titles like The Lord of the Rings: Gollum to the second half of the year. The upcoming pipeline includes several key releases intended to maintain momentum. Headquartered in France and operating globally with over 900 employees, Nacon continues to leverage synergies between its 16 development studios and its premium peripheral business to solidify its position in the AA gaming market.
NaconJul 2022
Financial
FY 2021/22, a Transition Year
Nacon’s financial performance for the 2021/22 fiscal year reflects a strategic transition period characterized by a deliberate shift in release schedules and external expansion. Total annual sales reached €155.9 million, representing a 12.3% decline compared to the previous year. This downturn was primarily driven by the publishing segment, where revenue fell 21.2% to €54.4 million. The fourth quarter was particularly impacted by the postponement of major titles, such as Vampire: The Masquerade – Swansong, resulting in a 25.6% quarterly revenue drop. Despite these delays, the back-catalogue business remained resilient, growing 12.7% during the final quarter. The accessories division, which remains the company's largest revenue contributor at €96.6 million, saw a modest 6.3% decline over the full year. This segment faced significant headwinds, including global console shortages and a challenging geopolitical and economic environment. Consequently, current operating income for the fiscal year is projected to fall between €17 million and €19 million, reflecting the lower-than-anticipated sales volume in the final quarter. Looking forward to the 2022/23 fiscal year, the outlook remains highly optimistic with a projected sales target between €250 million and €300 million. This anticipated growth is supported by a robust pipeline of upcoming releases and the integration of newly acquired entities, including Midgar Studio and Daedalic Entertainment. Management expects a sharp acceleration in business activity and aims for a current operating margin exceeding 20%. The company continues to pursue an external growth strategy to bolster its internal development capabilities and solidify its position in the AA video game publishing and premium gaming device markets.
NaconApr 2022
Financial
24.5% Sales Increase in Q1 Despite a Strong Comparison Basis
Nacon achieved a significant 24.5% increase in sales during the first quarter of the 2020/21 fiscal year, reaching €38.0 million compared to €30.5 million in the previous year. This growth was primarily driven by a surge in the accessories segment and the acceleration of digital game sales, effectively offsetting a decline in new game revenue caused by a high comparison basis from the prior year. The reporting period covers April 1 to June 30, 2020, a timeframe characterized by global lockdown measures that influenced consumer behavior toward digital entertainment. The accessories division emerged as a primary growth engine, with sales rising 134.9% to €22.5 million. This performance was bolstered by the acquisition of the RIG premium headset brand and the establishment of a United States subsidiary, allowing the company to capitalize on a thriving market for controllers and audio equipment. Conversely, game sales fell 27.4% to €14.5 million due to fewer major releases; however, back-catalogue sales surged by 340% to €10.8 million. Digital distribution became the dominant channel for software, accounting for 80.7% of total game turnover during the quarter. Looking forward, the company maintains its financial targets for the full 2020/21 fiscal year, projecting sales between €140 million and €150 million with an 18% current operating income rate. Growth is expected to continue through the release of titles such as WRC 9 and Tennis World Tour 2, alongside a new partnership with Microsoft for next-generation console controllers. Long-term strategic goals for the 2022/23 fiscal year remain fixed at sales between €180 million and €200 million, supported by a global distribution network spanning 100 countries and a workforce of approximately 510 employees.
NaconJul 2020