Degroof Petercam - Nacon SASU (NACON) Nacon - A poor start to the year, but newsflow set to improve

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Degroof Petercam

Aurore Aventin (IDMidCaps)

Nacon - A poor start to the year, but newsflow set to improve

Q1 sales well below our forecastsBack-catalogue expected to increase from Q2 and Accessories business to rebound from Q3 onwardsManagement confirms objective of strong growth in sales and operating incomeThe improvement in newsflow prompts us to remain at Buy, with a price target lowered to €2.3, but the dossier is far from being a strong long-term conviction.

26/07/2023 1 EN

Underlying

Nacon SASU

Toy manufacturer

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FR0013482791 France

Provider

Degroof Petercam

We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

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Analysts

Aurore Aventin (IDMidCaps)

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Nacon - A poor start to the year, but newsflow set to improve

COMMUNIQUE DE PRESSE: Nacon annonce effectuer ce jour une déclaration de cessation des paiements et sollicite l’ouverture d’une procédure de redressement judiciaire

PRESS RELEASE: Nacon announces that it has today filed for insolvency and is requesting the initiation of judicial reorganisation proceedings

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EnergyVision - Profitable green energy with a sunny growth outlook

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