Ad hoc-Mitteilungen

PRESS RELEASE: NACON: RETURN TO GROWTH FOR Q3 2021-22 (+5,2%)

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NACON                                                Press release

      Lesquin, 24 January 2022 – 18:00

   RETURN TO GROWTH FOR Q3 2021-22 (+5,2%)

CONFIRMATION OF 2021/22 & 2022/23 TARGETS

IFRS – M€2021/22

2020/21

Change

Sales


1st Quarter (April-June)

33.738.0-11.3%


2nd Quarter (July-September)

39.348.6-19.1%
3rd Quarter (Oct.-Dec.) (1)51.248.6+5.2%
    
Games14.313.8+3.4%
Accessories34.932.5+7.4%
Others(2)2.02.3-14.4%
    
Cumulative 9 months (April-Dec.) (1)124.2135.3-8.2%
    
Games41.646.6-10.9%
Accessories78.784.1-6.4%
Others (2)4.04.5-12.2%
    
(1) Non audited data   
(2) Mobile and Audio sales   

Q3 sales rebound to 51.2 M€ i.e. +5.2%

In Q3 2021/22, Nacon returned to growth after two quarters which had been impacted by a very high comparison basis due to the lockdown periods favourable to the business. Sales growth over the period was driven by the strong performance of the games catalogue* and gaming accessories.

GAMES

The Video Games business posted sales of 14.3 M€, up 3.4% over the quarter. This increase was driven by the release of Cricket 22®, which got off to a commercial start in line with expectations. The back catalogue** held up well with sales of 5.5 M€.

ACCESSORIES

The Accessories business also grew by 7.4% to 34.9 M€ over the period. The 3rd quarter of FY 2021/22 saw the release of the new Revolution X Pro Controller. This good performance could have been amplified without the worldwide shortage of consoles (PlayStation®4 and new generation consoles).

Q4 sales to be impacted by postponed game releases

In Q4 2021/22, Nacon will continue to benefit from the success of Cricket 22® and the launch of Rugby22®. However Games sales are expected to be down sharply, given a weak publishing activity over the period with the postponement of Vampire: The Masquerade®- Swansong, release to FY 2022/23.

After the success of the Revolution X Pro Controller for Xbox® launched in October 2021, Accessories will enjoy ongoing sales in Q4 of headsets (PlayStation®4, PlayStation®5, Xbox One®, Xbox® Series X|S) and controllers for PlayStation®4 and Xbox® Series X|S.

For FY 2021/22, Nacon confirms its year-end targets with sales expected between 150 M€ and 180 M€ and a current operating income around 20 M€.

Outlook confirmed fo FY 2022/23

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