PRESS RELEASE: NACON: STRONG SALES GROWTH IN THE SECOND QUARTER OF 2024/25 TO €44.7 MILLION
29 October 2024 - 4:00AM
UK Regulatory
PRESS RELEASE: NACON: STRONG SALES GROWTH IN THE SECOND QUARTER OF
2024/25 TO €44.7 MILLION
Press
release
Lesquin, 28 October 2024, 18:00 CEST
STRONG SALES GROWTH IN THE SECOND QUARTER
OF 2024/25
TO €44.7 MILLION, AN INCREASE OF 38.5%
CONFIRMATION OF FULL-YEAR 2024/25 GROWTH
TARGETS
NACON (ISIN FR0013482791) today publishes its
consolidated sales for the first half of its 2024/25 financial year
(period from 1 April to 30 September 2024).
IFRS (€ million) |
2024/25
|
2023/24
|
Change
|
Sales |
First
quarter (April-June) |
32.3 |
35.5 |
-9.0% |
|
|
|
|
Second
quarter (July-September) |
44.7 |
32.3 |
+38.5% |
|
|
|
|
Gaming |
27.9 |
16.9 |
+65.4% |
of which: Catalogue |
14.9 |
7.5 |
+98.5% |
Back catalogue |
13.0 |
9.3 |
+38.8% |
Accessories |
15.7 |
14.5 |
+8.7% |
Other(1) |
1.1 |
1.0 |
+15.1% |
|
|
|
|
First half (April-September) |
77.0 |
67.8 |
+13.6% |
|
|
|
|
Gaming |
45.7 |
41.3 |
+10.7% |
of which: Catalogue |
18.8 |
20.1 |
-6.6% |
Back catalogue |
26.9 |
21.2 |
+27.1% |
Accessories |
29.0 |
24.9 |
+16.6% |
Other(1) |
2.3 |
1.6 |
+44.3% |
|
|
|
|
(1) Mobile and Audio sales
Sales in the second quarter of 2024/25:
strong growth in all businesses
Gaming sales showed very strong impetus in the
second quarter of 2024/25, coming in up 65.4% at €27.9 million.
Catalogue sales (new games) amounted to €14.9
million, an increase of 98.5%. That rapid growth was driven in
particular by:
- The release of Test
Drive Unlimited: Solar
CrownTM in
September.
After initial technical difficulties, related
mainly to servers struggling to cope with the large number of
people wanting to play the game, development teams took the action
needed to stabilise the network infrastructure and provide the best
gaming experience. On release, the game was one of the top five
best-selling games in the countries in which it is distributed.
With the server problems now resolved, Test Drive Unlimited:
Solar CrownTM is continuing to sell
well.
The game will also be improved with regular updates and new
seasons, such as “Return of Ibiza”, which will be available from
December. The initial gaming experience will also be enhanced
gradually in future seasons with large amount of additional
content.
- The excellent reception of
RavenswatchTM,
which was released on PC on 26 September and has major sales
potential on consoles (release scheduled for 28 November). This
game, which was initially available on early access, has already
built a community of more than 600,000 active gamers and still
appears on more than 700,000 residual wishlists*.
The Back Catalogue (games released in previous
years) again saw strong growth. Its sales rose by 38.8% to €13.0
million. That growth was supported by the large number of
successful games released in 2023/24 (Robocop: Rogue
City TM,
Taxi
LifeTM,
Welcome to
ParadizeTM
etc.).
The Accessories business also continued to post
firm growth, with sales up 8.7% at €15.7 million. RIG
600 PRO headsets and
REVOLUTION 5 PRO controllers continued to
see very positive momentum in the US and Australia.
Outlook for the coming
months
The Gaming release schedule
will be busy, with the release of several games in all four of
NACON’s specialist genres in the second half of 2024/25.
- Sport:
Rugby25TM.
- Racing: MXGP: The
Official Motocross
VideogameTM and
EnduranceTM.
- Adventure:
RavenswatchTM
on console, Terminator:
SurvivorsTM and
Dragonkin.
- Simulation: Ambulance
LifeTM.
The Accessories business will
see the launch of several premium products in the third
quarter:
- For fans of motor racing games, a
REVOSIM steering wheel, a
COBRA chair and a STAND DRIVE
PRO racing stand. These product launches are the
result of convergence between NACON’s video game publishing and
accessories businesses.
- The Revolution X Unlimited handset
for Xbox.
In 2024/25, because of its strong market
positions in its two business areas, NACON is confident that it
will continue to generate growth, accompanied by a further increase
in operating income.
* Residual wishlists: purchase intentions not
yet realised.
Next event: First-half 2024/25
results
Press release: 25 November 2024 after the market close
SFAF meeting: 11am on 26 November 2024
ABOUT NACON
|
2023/24 IFRS SALES €167.7 MILLION
2023/24 OPERATING INCOME: €20.9 MILLION
WORKFORCE
Over 1,000 employees
INTERNATIONAL PRESENCE
23 subsidiaries and a distribution network in 100 countries
https://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&Small
ISIN: FR0013482791; Reuters: NACON.PA; Bloomberg: NACON:FP
CONTACT:
Cap Value – Gilles Broquelet gbroquelet@capvalue.fr - +33 (0)1 80
81 50 01
|
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