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PRESS RELEASE: NACON: SALES FOR THE 2024/25 FINANCIAL YEAR: €167.9 MILLION
Globenewswire· 2025-04-28 16:10
Core Viewpoint - NACON reported consolidated sales of €167.9 million for the 2024/25 financial year, showing a slight increase from €167.7 million in the previous year, with expectations of a sharp increase in business levels starting in the first half of the 2025/26 financial year [1][6]. Sales Performance - Total sales for the first quarter were €32.3 million, down 9.0% from €35.5 million in the same period last year [2]. - The second quarter saw sales rise to €44.8 million, a 38.5% increase from €32.3 million [2]. - Third-quarter sales were €52.9 million, down 10.3% from €59.0 million [2]. - Fourth-quarter sales totaled €38.0 million, a decrease of 7.1% from €41.0 million [2][3]. - Full-year sales remained stable at €167.9 million, a marginal increase of 0.1% compared to €167.7 million [2]. Segment Analysis - Gaming sales for the full year were €97.1 million, down 3.8% from €101.0 million [2]. - Accessories sales increased by 4.1% to €65.2 million, up from €62.7 million [2]. - Other sales rose significantly by 38.0% to €5.6 million, compared to €4.1 million [2]. Back Catalogue Performance - Back Catalogue sales in the fourth quarter rose by 46.5% to €16.1 million, with full-year sales up 31.2% to €58.6 million [5]. Future Outlook - The company anticipates strong growth in 2025/26, driven by a busy release schedule with over 10 major games planned for the first half of the year [7][9]. - The Accessories business is expected to see firm growth, particularly in the first half of 2025/26 [8]. - A new production site in Lauwin-Planque, France, is expected to be operational in the second half of 2025/26, focusing on controller production [9]. Upcoming Events - The FY 2024/25 results press release is scheduled for 2 June 2025, with a presentation meeting on 3 June 2025 [10].