ReportNacon
Return to Growth for Q3 2021-22: Confirmation of 2021/22 & 2022/23 Targets
2 pages~4 min full read
Key insights
7 slides
The rebound
Q3 sales rose 5.2% to €51.2 million after two quarters of decline.
Nacon reported a rebound in Q3 2021/22. The growth was led by the games catalogue and accessories.
Accessories
Accessories grew 7.4% to €34.9 million on the Revolution X Pro Controller launch.
The Revolution X Pro Controller launch drove accessories growth. Global console shortages limited further upside.
Accessories. Accessories grew 7.4% to €34.9 million in Q3 2021/22.
Games catalogue
The games catalogue generated €14.3 million, supported by a strong back-catalogue.
The games catalogue contributed €14.3 million in Q3. A strong back-catalogue performance of €5.5 million supported the result.
Non-core segments
Mobile and audio sales contracted by 14.4% to €2.0 million.
Other segments, including mobile and audio sales, contracted in Q3. The contraction was 14.4% to €2.0 million.
FY 2021/22 targets
Nacon confirmed FY 2021/22 targets of €150–180 million in sales.
The company confirmed its FY 2021/22 targets despite a decline in cumulative nine-month sales. The targets include an operating income near €20 million.
FY 2022/23 outlook
Nacon projects FY 2022/23 sales of €250–300 million with an operating margin above 20%.
The company anticipates a robust publishing pipeline for FY 2022/23. The strategy includes selective acquisitions to strengthen the catalogue.
Pipeline and acquisitions
The FY 2022/23 strategy centers on a pipeline of over 15 titles.
The pipeline includes high-profile releases such as Vampire: The Masquerade® – Swansong. Selective acquisitions aim to expand market presence.
Page 2 of the report- 01Publishing pipelineOver 15 titles, including Vampire: The Masquerade® – Swansong
- 02Selective acquisitionsTo strengthen the catalogue and expand market presence
- 03Accessories launchesOngoing headset and controller launches across major console platforms
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Summary
Nacon reported a rebound in Q3 2021/22, with sales rising 5.2 % to €51.2 million after two quarters of decline driven by a high comparison base from lockdown‑related demand spikes. The growth was led by the games catalogue, which generated €14.3 million (+3.4 %) and a strong back‑catalogue contribution of €5.5 million, while accessories grew 7.4 % to €34.9 million thanks to the launch of the Revolution X Pro Controller, though global console shortages limited further upside. Other segments, including mobile and audio sales, contracted by 14.4 % to €2.0 million.
Cumulative sales for the first nine months fell 8.2 % to €124.2 million, with games down 10.9 % and accessories down 6.4 %. Nacon confirmed its FY 2021/22 targets of €150–180 million in sales and an operating income near €20 million. For FY 2022/23, the company projects a robust publishing pipeline of over 15 titles—including high‑profile releases such as Vampire: The Masquerade® – Swansong—and anticipates sales of €250–300 million with an operating margin above 20 %. The strategy includes selective acquisitions to strengthen the catalogue and position Nacon as a leading player in the global video‑game market. The outlook is based on continued demand for both new releases and established titles, with accessories sales expected to benefit from ongoing headset and controller launches across major console platforms.
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