Skip to main content

PRESS RELEASE: NACON: Q1 2021/22 Sales

Written by Customer Service on . Posted in Public Companies.

                                                Press release

Lesquin, 26 July 2021 18 :00hrs

Q1 2021/22 Sales : 33.7 M€ (-11.3%)

  • High comparison basis
  • Back catalogue résilience

Confirmation of FY 2021/22 and FY 2022/23 targets

IFRS – M€

Sales

Non audited data

2021/2022

2020/2021

Change

1st Quarter

Games
Accessories
Others(1)

33.7

12.2
20.6
0.9

38.0

14.5
22.5
0.9

– 11.3%

– 16.0%
– 8.8%
+ 0.5%

(1)Mobile and Audio sales.

In Q1 2021/22 (from 1 April to 30 June 2021), Nacon achieved sales of 33.7 M€, down 11.3% compared to Q1 2020/2021. Despite an unfavourable comparison basis, the back catalogue showed a positive momentum.

GAMES

The video games business posted sales of 12.2 M€, down 16.0% compared with Q1 2020/21, when back catalogue sales were boosted 340% by lockdown. However the good performance of the back catalogue demonstrated its resilience with sales of 9.2 M€ against 10.8 M€ in Q1 2020/21 during the first lockdown, to be compared with 2.4 M€ in Q1 2019/20. The Roguebook (81% positive reviews on Steam) and Pro Cycling Management / Tour de France 2021 games released in the quarter were also well received.

ACCESSORIES

The Accessories business recorded sales of 20.6 M€, down 8.8%, as the introduction of RIG helmets in the USA generated very high sales during the lockdown in the first quarter of 2020/21. Sales of other accessory ranges rose by 19%, thanks in particular to the very good performance of both PlayStation®4 controllers and Pro Compact controllers for Xbox®.

Outlook: confirmation of 2021/22 and 2022/23 targets

In Q2 2021/22, Nacon will release the RIMS Racing and WRC®10 games as well as the Revolution X Pro controller for Xbox®.

Sales are expected to grow in the second half of FY 2021/22. It should be supported by more game releases including Blood Bowl 3®, Rugby22®, Train Life, Hotel Life, Rogue Lords and Vampire: The Masquerade®- Swansong, a cult role-playing game with 30 million players worldwide. The Accessories business is expected to benefit from a year on year higher order book.

Nacon confirms its 2021/22 targets with sales between 180 M€ and 200 M€ and a Current Operating Income (COI)* rate of 20%.

Given the launch in FY 2022/23 of 4 major games (Test Drive Unlimited Solar Crown, Steelrising™, The Lord of the Rings™: Gollum™ and Session™), Nacon is confident that it will achieve its targets for its next financial year 2022/23, i.e. sales between 230 M€ and 260 M€ and a Current Operating Income (COI)* rate in excess of 20%.

* COI rate = Current Operating Income to sales = Current Operating Margin

Upcoming events:
Annual General Meeting: Friday 30 July 2021  

Q2 2021/22 sales: 25 October 2021, Press release after close of the Paris stock exchange

 

ABOUT NACON

 

 

2020-21 ANNUAL SALES
177.8 M€

 

 

HEADCOUNT
Over 600 employees

 

 

INTERNATIONAL
16 subsidiaries and a distribution network across 100 countries
https://corporate.nacongaming.com/

 

NACON is a company of the BIGBEN Group founded in 2019 to optimize its know-how through strong synergies in the video game market. By bringing together its 11 development studios, the publishing of AA video games, the design and distribution of premium gaming devices, NACON focuses 30 years of expertise at the service of players. This new unified business unit strengthens NACON’s position in the market, enables it to innovate by creating new unique competitive advantages.
  

 

Company listed on Euronext Paris, compartment B
ISIN : FR0013482791 ; Reuters : NACON.PA ; Bloomberg : NACON:FP

 

PRESS CONTACT
Cap Value – Gilles Broquelet gbroquelet@capvalue.fr – +33 1 80 81 50 01

 

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.