Press release
Q3 2022/23 SALES : 41.1 M€
2022/23 CUMULATIVE (9 MONTH) : 118.7 M€ (-4.5%)
IFRS – M€ | 2022-23 | 2021-22 | Change in % |
Sales | |||
1st quarter (April - June) | 42.4 | 33.7 | +25.8% |
2nd quarter (June – September) | 35.1 | 39.3 | -10.7% |
3rd Quarter (Oct. - Dec.) (1) | 41.1 | 51.2 | -19.6% |
Games | 19.1 | 14.3 | +33.6% |
Of which: Catalogue | 10.2 | 8.7 | +17.2% |
Back catalogue | 8.8 | 5.5 | +59.5% |
Accessories | 20.4 | 34.9 | -41.5% |
Others(2) | 1.6 | 2.0 | -17.3% |
Cumulative 9 months (Apr. – Dec.) 1) | 118.7 | 124.2 | -4.5% |
Games | 66.1 | 41.6 | +59.0% |
Of which: Catalogue | 35.6 | 19.8 | +80.1% |
Back catalogue | 30.4 | 21.8 | +39.7% |
Accessories | 49.0 | 78.7 | -37.8% |
Others(2) | 3.6 | 4.0 | -8.9% |
(1) Non audited data
(2) Mobile and Audio sales
Over the period, sales of video games and accessories were impacted by the worldwide shortage of consoles and drastic stock management by distributors.
VIDEO GAMES: Catalogue sales (new games) rose by 17.2% to 10.2 M€. Sales for the quarter were boosted by games released in the first half of the year (Vampire The Masquerade® - Swansong, Pro Cycling Manager 2022, Tour De France 2022, SteelrisingTM and Session Skate SimTM) and by the release of WRC Generations on 3 November, which outperformed its predecessor, WCR10, in the first two months following release.
The Back catalogue (games released during previous financial years) once again achieved an excellent performance. Its sales were up 59.5% over the quarter to 8.8 M€.
ACCESSORIES: Sales of accessories came to 20.4 M€, down 41.5% over the quarter. Since the beginning of the year, the shortage of new generation consoles has caused a sharp decline in the global accessories market, leading retailers to be very cautious in their sourcing policy.
Expected trends for the 4th quarter and 2022/23 targets
New publishing releases for the 4th quarter will be sustained with the launch of four games:
-
- Clash and Transport Fever 2 Console Edition are scheduled for release on
As for Accessories, the end of the console shortages should lead to an improvement in sales over the next few months.
For the whole financial year, despite the later release of several major games, a decline in the Accessories business and the tensions encountered in the supply of new consoles,
Outlook for FY 2023-2024
In FY 2023-2024,
- The Lord of the Rings GollumTM, which will be released in the first half of FY 2023-24,
- RoboCop: Rogue City,
- Gangs of Sherwood,
- TestDrive Unlimited Solar Crown.
At the same time, the games released in FY 2022-23 will feed the back catalogue and will mechanically accelerate growth.
The accessories market should rebound thanks to a growing installed, base of new generation consoles and a more favourable base effect.
In view of the above,
Next event:
Q4 2022-2023 sales, 24 April 2023
Press release after close of the
2021-22 ANNUAL SALES 155.9 M€ HEADCOUNT Over 900 employees INTERNATIONAL 23 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_T3 2022-23 - ENG Diffusion
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