Nacon reported total sales of 86.6 M€ for the first half of FY 2020/21, a 35.9% increase year-over-year, leading the company to raise its full-year sales target to between 150 M€ and 160 M€.
The accessories segment was the primary growth driver, surging 118% to 51.6 M€ due to strong demand for RIG headsets in the U.S. and PlayStation 4 controllers.
Gaming software sales declined 13.1% to 32.8 M€ for the half-year, though the second quarter saw a 3.0% recovery following the releases of WRC 9 and Tennis World Tour 2.
Digital distribution now accounts for 72% of total game revenue, supported by a 242% increase in back-catalogue performance.
The company is targeting long-term growth through the 2023 Nacon Plan, aiming for 180 M€ to 200 M€ in sales and operating margins exceeding 20%.
Future strategy focuses on the transition to next-generation consoles, including the release of five new titles and specialized controllers for cloud gaming and new hardware.
Nacon experienced significant financial growth during the first half of the 2020/2021 fiscal year, covering the period from April 1 to September 30, 2020. Total sales reached 86.6 M€, representing a 35.9% increase compared to the previous year. This growth accelerated in the second quarter, which saw a 46.4% rise in turnover to 48.6 M€. The primary driver of this performance was the accessories segment, which surged 118% to 51.6 M€ for the half-year. This expansion was fueled by strong demand for premium RIG headsets in the United States and steady sales of official PlayStation 4 controllers.
The gaming software division reported mixed results, with total half-year sales down 13.1% to 32.8 M€ due to a high basis of comparison from major releases in the prior year. However, the second quarter showed signs of recovery with a 3.0% increase, supported by the launches of WRC 9 and Tennis World Tour 2. Digital sales now account for 72% of total game revenue, bolstered by a 242% increase in back-catalogue performance. Geographically, the company maintains a global presence with 17 subsidiaries and distribution across 100 countries, focusing on the AA video game market and premium peripherals.
Looking forward, the outlook remains positive as the industry transitions to next-generation consoles like the PlayStation 5 and Xbox Series X|S. Nacon plans to release five new titles and a range of specialized controllers for cloud gaming and new hardware. Based on these trends, the company has upwardly revised its full-year sales target to between 150 M€ and 160 M€, maintaining a current operating income target of 18%. Long-term strategic goals for the 2023 Nacon Plan include reaching sales of 180 M€ to 200 M€ with operating margins exceeding 20%.
