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Nacon
Game Co.
106 documents
French game publisher and accessory maker. Test Drive, RoboCop: Rogue City, WRC. Also Bigben gaming controllers.
Documents
Report
First-Quarter 2023/24 Sales: Confirmation of 2023/24 Guidance
NACON reported first‑quarter sales of €38.5 million for the 2023/24 financial year, a 9.3 % decline from €42.4 million in the same period of 2022/23. Gaming revenue remained essentially flat at €27.4 million, with catalogue sales of new titles up 4.5 % to €15.6 million and back‑catalogue sales down 6.8 % to €11.8 million, reflecting a high base from previous growth. Accessories sales fell sharply by 25.5 % to €10.4 million, though management notes an upward trend that should resume in the third quarter as new controllers and headsets receive strong pre‑orders. Mobile and audio sales, classified under “Other,” declined 21.6 % to €0.6 million. The company highlights strong performance of specific new releases—Tour de France and TT Isle of Man Ride on Edge 3, each outperforming earlier versions by 20 % and 10 %, respectively—and the exceptional early‑access launch of Ravenswatch. Back‑catalogue growth is expected to recover in Q2 with the addition of 2022/23 releases, while the accessories segment is projected to rebound from Q3 onward due to an expanding console installed base and promising new products. NACON’s outlook for 2023/24 remains bullish, citing a dense release schedule of roughly 20 new games—including Overpass 2 and AD Infinitum in Q2, and Robocop: Rogue City, Gangs of Sherwood, Cricket 24, and Astérix & Obelix: Heroes in Q3—alongside anticipated sales and operating income growth. The company maintains confidence in achieving strong financial performance for the year, with a second‑quarter sales announcement scheduled for 30 October 2023.
Nacon
Report
2022/23 Full-Year Results
NACON reported consolidated results for the year ended 31 March 2023, with sales holding steady at €156.0 million compared to €155.9 million in 2021/22, while operating income rose 29.8 % to €17.3 million (11.1 % of sales). Gross margin increased markedly from 49.9 % to 59.1 %, driven by a shift in product mix that reduced the proportion of accessories sales from 62 % to 39 %. Net income climbed 28.1 % to €12.8 million (8.2 % of sales), supported by a 12.0 % rise in pre‑tax income and lower tax expense. The Gaming segment delivered a 66.3 % sales increase to €90.5 million, offset by a 36.6 % decline in Accessories sales to €61.2 million, largely due to console shortages that compressed the global accessories market. EBITDA after IFRS 2 and non‑recurring items reached €48.9 million, up 25.5 % year‑on‑year and representing 31.4 % of sales. Financially, equity stood at €242.6 million with €47.6 million in cash and equivalents; net debt was €67.3 million after taking a €46.5 million medium‑term loan to fund acquisitions, including Daedalic Entertainment. Cash flow rose 2.8 % to €45.5 million, and the Board opted not to declare a dividend for 2022/23. For 2023/24, NACON plans a heavy release schedule of roughly 20 games versus 13 the previous year, including high‑profile titles such as The Lord of the Rings Gollum™ and official sports games. The Accessories business is expected to recover as console installations grow and new high‑potential products launch, underpinning confidence in strong growth for the coming year.
Nacon
