Press release
Lesquin,
1st Half year 2021/22 sales: 72.8 M€ (-15.9%)
- High comparison basis and logistical delays
- Favourable outlook in 2nd Half year
- Confirmation of 2021/22 and 2022/23 targets
IFRS – M€ | 2021/22 | 2020/21 | Change |
Sales (1) | |||
1st Quarter (April-June) | 33.7 | 38.0 | -11.3% |
Games | 12.2 | 14.5 | -16.0% |
Accessories | 20.6 | 22.5 | -8.8% |
Others(2) | 0.9 | 0.9 | 0.5% |
2nd Quarter (July-September) | 39.2 | 48.6 | -19.5% |
Games | 14.9 | 18.3 | -18.7% |
Accessories | 23.2 | 29.0 | -20.1% |
Others(2) | 1.1 | 1.3 | -17.2% |
1st Half year (April-September) | 72.8 | 86.6 | -15.9% |
Games | 27.1 | 32.8 | -17.5% |
Accessories | 43.7 | 51.6 | -15.1% |
Others(2) | 2.0 | 2.2 | -10.0% |
(1) Non audited data | |||
(2) Mobile and Audio sales |
Strong base effect in Q2 and shipping delays (sea/land)
In the 2nd quarter of FY 2021/22,
GAMES
Over the period the video games business generated 14.9 M€ sales, down 18.7% compared with Q2 2020/21 when sales were boosted by a higher level of editorial activity.
The releases of WRC®10 (Metacritic scores for PlayStation®5: 76 and Xbox® Series X|S: 81),
With few new games released in FY 2020/21, the back catalogue nevertheless demonstrated its resilience with sales of 6.9 M€, virtually stable compared to Q2 2020/21.
ACCESSORIES
In Q2 2021/22, the Accessories business recorded 23.2 M€ sales, down 20.1% compared to Q2 2020/21, which was considered to be an exceptional quarter. Against a backdrop of component shortages, the Group strengthened its positions in
A high basis of comparison for the whole of the first half of 2021/22
In 1st Half year of FY 2021/22, sales fell by 15.9% to 72.8 M€, compared with a 35.9% increase in the first half of 2020/21, which benefitted in particular from the very positive effects of the first confinement on the video games market (games and accessories).
Outlook: strong growth expected in the second half
In 2nd Half year of FY 2021/22,
At the same time, the Accessories business will be supported by the launch of the Revolution X Pro controller for Xbox®, continued sales of headsets (PlayStation®4, PlayStation®5, Xbox® Series X|S) and controllers for PlayStation®4 and Xbox® Series X|S.
In addition,
Banking on its advance in its development plan and the provisional release in the upcoming financial year of 4 major games (Test Drive Unlimited Solar Crown, SteelrisingTM, The Lord of the Rings™: Gollum™ and SessionTM),
* Current Operating Profit as a percentage of sales = Current Operating Margin
Next meeting:
Half-yearly results 2021/2022
Monday
Tuesday
ABOUT | |
2020-21 ANNUAL SALES 177.8 M€ HEADCOUNT Over 700 employees INTERNATIONAL 20 subsidiaries and a distribution network across 100 countries https://corporate.nacongaming.com/ | Company listed on Euronext Paris, compartment B ISIN : FR0013482791 ; Reuters : NACON.PA ; Bloomberg : NACON:FP PRESS CONTACT Cap Value – Gilles Broquelet gbroquelet@capvalue.fr - +33 1 80 81 50 01 |
Attachment
- CP_Nacon_CA_S1 2021-22 ENG
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