Nacon reported total consolidated sales of 156.4 million euros for the 2022-2023 fiscal year, a marginal year-over-year increase of 0.3%.
The video games division grew by 67.0% to 90.9 million euros, fueled by new releases like Blood Bowl 3 and a 44.9% increase in back catalogue performance.
The accessories division declined by 36.6% to 61.2 million euros, primarily due to global hardware shortages affecting new-generation console availability.
Nacon plans to drive growth in the 2023-2024 fiscal year with an ambitious pipeline of approximately twenty titles, including The Lord of the Rings: Gollum and RoboCop: Rogue City.
Management expects a recovery in the accessories segment for the upcoming fiscal year as console supply constraints ease and new products launch.
While current operating income for 2022-2023 is expected to decrease, the company forecasts an overall increase in both operating and net income for the 2023-2024 period.
Nacon reported consolidated sales of 156.4 million euros for the 2022-2023 financial year, representing a marginal increase of 0.3% compared to the previous period. The fiscal year, which concluded on March 31, 2023, was characterized by a significant divergence between the company’s two primary business segments. While the video games division experienced robust growth, the accessories division faced substantial headwinds due to global hardware shortages.
The video games segment saw revenue rise by 67.0% to 90.9 million euros, driven by a strong fourth quarter that featured releases such as Blood Bowl 3 and Chef Life. This momentum was further bolstered by a record-performing back catalogue, which grew by 44.9% over the full year. Conversely, the accessories business declined by 36.6% to 61.2 million euros. This downturn was attributed to the limited availability of new-generation consoles throughout much of the year, though a slowdown in this decline during the final quarter suggests a stabilizing market.
Looking ahead to the 2023-2024 financial year, Nacon anticipates strong growth supported by an ambitious release schedule of approximately twenty titles, including high-profile games like The Lord of the Rings: Gollum and RoboCop: Rogue City. The company expects the accessories segment to recover as console supply tensions ease and new products enter the market. While current operating income for the 2022-2023 period is expected to be lower than the previous year, Nacon forecasts an overall increase in both operating and net income.
