Report
Nacon : Test Drive disappoints
>Strong growth in Q2 but revenue from Test Drive remained well below expectations - Yesterday after trading Nacon published Q2 revenue up 39% y-o-y to € 45m, albeit below our forecast of € 56m est. The catalogue (33% of revenue in Q2) grew by 99% in Q2 to € 15m (vs € 28m est.) but the contribution from Test Drive (12 September), which underpinned the catalogue this quarter, remained below forecasts with a difficult start (numerous bugs) and a broadly negative receptio...
Underlying
Nacon SASU
Toy manufacturer
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Aurelien Sivignon
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