PRESS RELEASE: NACON: SALES UP 43.3% TO €59.0 MILLION IN THE THIRD QUARTER OF 2023/24
Press release
Lesquin, 22 January 2024, 6.00pm CET
SALES UP 43.3% TO €59.0 MILLION
IN THE THIRD QUARTER OF 2023/24
STRONG, PROFITABLE GROWTH EXPECTED FOR THE FULL YEAR
NACON (ISIN FR0013482791) today publishes its consolidated sales for the third quarter of its 2023/24 financial year (period from 1 October to 31 December 2023).
| Sales (unaudited) | 2023-24 | 2022-23 | Change |
| € Million | |||
| Third quarter (October-December) | 59.0 | 41.1 | +43.3% |
| Gaming | 33.3 | 19.1 | +74.3% |
| Accessories | 23.9 | 20.4 | +17.1% |
| Other(1) | 1.8 | 1.6 | +8.9% |
| Sales in the first nine months (April-December), non-IFRS | 129.7 | 118.7 | +9.3% |
| Gaming | 77.6 | 66.1 | +17.4% |
| Accessories | 48.8 | 49.0 | -0.3% |
| Other(1) | 3.3 | 3.6 | -7.8% |
| Adjustment for the partial disposal of Gollum | -3.0 | ||
| Sales in the first nine months, IFRS | 126.7 | 118.7 | +6.8% |
(1) Mobile and Audio sales
Strong growth in all business segments in the third quarter
GAMING: Performance in the Gaming business was excellent, with sales up 74.3%.
Catalogue sales (new games) amounted to €20.7 million, an increase of 102.2% driven by the success of Robocop: Rogue City TM, which achieved record sales and obtained a User Score of 92% on Steam, along with good sales of Cricket 24: Official Game of The AshesTM.
Back Catalogue sales (games released in previous years) also saw strong growth, boosted by an increase in console ownership and the signature of a significant contract, and rose by 42.1% to €12.6 million.
ACCESSORIES: Sales in this business amounted to €23.9 million, an increase of 17.1%. New products released in October – the RIG 600 PRO gaming headset and the REVOLUTION 5 PRO controller – are very widely stocked by specialist retailers and their sales have got off to a good start.
2023/24: strong growth expected in sales and operating income
As previously announced, the second half of the 2023/24 financial year is seeing a busy release schedule, with over 10 new games during the period.
After the launch of War Hospital on 11 January and the excellent start of New Cycle released on January 18 and published by Daedalic studio, releases in the fourth quarter are set to include:
- Test Drive Unlimited: Solar CrownTM,
- Taxi Life,
- Garden Life,
- Welcome to Paradize,
- Crown Wars the Black Prince,
- …
Back Catalogue sales should continue to show good momentum despite a high base for comparison.
The Accessories business will benefit from the success of recently launched products.
Accordingly, second-half business levels will be buoyant as previously announced, allowing NACON to confirm its expectation of strong growth in sales and operating income in the 2023/24 financial year.
Next key event:
Fourth-quarter 2023/24 sales: 29 April 2024
Press release after the market close
| ABOUT NACON | |
| 2022/2023 SALES: €156.0 million WORKFORCE Over 1,000 employees INTERNATIONAL PRESENCE 23 subsidiaries and a distribution network in 100 countries | 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&Small ISIN: FR0013482791; Reuters: NACON.PA; Bloomberg: NACON:FP). CONTACT: Cap Value – Gilles Broquelet - 01 |
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