PRESS RELEASE: NACON: FOURTH-QUARTER 2023/24 SALES UP 9.8% TO €41.0 MILLION
April 29 2024 - 11:15AM
PRESS RELEASE: NACON: FOURTH-QUARTER 2023/24 SALES UP 9.8% TO
€41.0 MILLION
Press
release
Lesquin, 29 April 2024, 6:00pm CET
FOURTH-QUARTER 2023/24 SALES
UP 9.8% TO €41.0 MILLION
2023/24 SALES
(non-IFRS) UP 9.5% TO
€170.7 MILLION
STRONG GROWTH IN PROFITABILITY OVER THE
FULL YEAR
NACON (ISIN FR0013482791) has today reported its
consolidated sales for the 2023/24 financial year (period from
1 April 2023 to 31 March 2024).
|
Sales (unaudited) |
2023/24 |
2022/23 |
Change |
|
€ million |
|
Fourth quarter (January–March) |
41.0 |
37.3 |
+9.8% |
|
Gaming |
26.4 |
24.5 |
+7.9% |
|
o/w: Catalogue |
15.4 |
13.3 |
+16.3% |
|
Back catalogue |
11.0 |
11.2 |
-2.0% |
|
Accessories |
13.8 |
12.2 |
+13.1% |
|
Other(1) |
0.7 |
0.6 |
+18.9% |
|
|
|
|
|
|
Full year (April–March) |
|
|
|
|
Non-IFRS sales |
170.7 |
156.0 |
+9.5% |
|
|
|
|
|
|
Gaming |
104.0 |
90.5 |
+14.9% |
|
o/w: Catalogue |
59.3 |
48.9 |
+21.2% |
|
Back catalogue |
44.7 |
41.6 |
+7.4% |
|
Accessories |
62.7 |
61.2 |
+2.4% |
|
Other(1) |
4.1 |
4.2 |
-3.9% |
|
Adjustment for the partial disposal of Gollum |
-3.0 |
|
|
|
IFRS sales |
167.7 |
156.0 |
+7.5% |
(1) Mobile and Audio sales
Strong business trends in the fourth
quarter: sales up 9.8%
GAMING: Performance was
positive in the fourth quarter, with sales rising 7.9% to
€26.4 million despite a high base for comparison (strong
back-catalogue activity in Q4 2022/23 and release of Blood
Bowl® 3, Chef Life and Transport Fever 2 Console Edition).
Catalogue sales (new games) rose 16.3% to
€15.4 million over the period. Five games were released in the
fourth quarter of 2023/24 and performed well:
- War Hospital and
New Cycle in January,
- Garden Life and
Welcome to Paradize in February,
- Taxi Life in
March.
Over the full year, NACON had a busy release
schedule, launching 19 games, including some top sellers such as
Robocop: Rogue City TM, which was
a big hit, Cricket 24: Official Game of The Ashes
TM, Taxi Life, Tour de
France and Welcome to Paradize.
An impressive line-up of launches is also
planned for 2024/25, with around 15 games scheduled for release,
including Test Drive Unlimited: Solar
CrownTM, Crown
Wars: The Black Prince, Ravenswatch,
which has sold more than 400,000 early-access copies on PC and
Greedfall II: The Dying World and
Terminator: SurvivorsTM, which
will be given an early access release.
Back-catalogue sales (games released in previous
years) held up well at €11.0 million. In 2024/25,
Back-catalogue sales will get a boost from the various games
released in the 2023/24 financial year, paving the way for strong
growth.
ACCESSORIES: Over the quarter,
Accessories sales rose 13.1% to €13.8 million. The new
products released in October, including the RIG
600 PRO gaming headset and the
REVOLUTION 5 PRO controller, have gone from
strength to strength. The RIG 600
PRO has sold very well, especially in the US.
These trends are expected to continue over the next few months with
the increase in the installed base of consoles.
Further strong growth in operating
income expected over the full year
Given the performance over the full year, NACON
has generated strong growth in its operating income outpacing the
increase in its sales.
The targets and development strategy for the
2024/25 financial year will be presented when the full-year 2023/24
results are published on 3 June.
Next event:
FY 2023/24 results press release to be
published on 3 June 2024 (after the market
close)
FY 2023/24 results presentation meeting at 11:30am on
4 June 2024
|
ABOUT
NACON |
|
2023/24 IFRS
SALES€167.7 million HEADCOUNTOver
1,000 employees INTERNATIONAL
PRESENCE23 subsidiaries and a distribution network
covering 100
countrieshttps://corporate.nacongaming.com/ |
NACON is part of the Bigben group and was formed in 2019 to
optimise its areas of expertise and generate synergies between them
in the video game market. Combining its 16 development studios, AA
video game publishing and the design and distribution of premium
gaming peripherals, NACON has 30 years of expertise in serving
gamers. This new unified business gives NACON a stronger position
in its market and enables it to innovate by creating new and unique
competitive advantages. Listed on Euronext Paris, Compartment
B - Index: CAC Mid&SmallISIN: FR0013482791; Reuters: NACON.PA;
Bloomberg: NACON:FP CONTACT:Cap Value –
Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50
01 |
- CP_Nacon_CA T4 2023-24_Diffusion English
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