PRESS RELEASE: NACON: THIRD QUARTER 2024/25 SALES: €52.9 MILLION

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NACON
NACON

                                              Press release

Lesquin, 20 January 2025, 6.00pm CET

THIRD QUARTER 2024/25 SALES: €52.9 MILLION

NACON (ISIN FR0013482791) has today reported its consolidated sales for the first nine months of the 2024/25 financial year (nine months from 1 April 2024 to 31 December 2024).

Sales

2024/25

2023/24

Change

€ million

First quarter (April-June)

32.3

35.5

-9.0%

Second quarter (July-September)

44.8

32.3

+38.5%

Third quarter (October-December) (1)

52.9

59.0

-10.3%

Gaming

25.4

33.3

-23.7%

Accessories

25.2

23.9

+5.3%

Other(2)

2.3

1.8

+28.4%

IFRS sales in the first nine months (April-December)(1)

129.9

126.7

+2.5%

Gaming

71.1

74.6

-4.6%

Accessories

54.2

48.8

+11.1%

Other(2)

4.5

3.3

+35.8%

(1)   Unaudited figures
(2)   Mobile and Audio sales

Third-quarter 2024/25 sales: high base for comparison in the Gaming business and ongoing progress in Accessories

Gaming sales totalled €25.4 million in the third quarter of 2024/25, a decrease of 23.7%.

Catalogue sales (new games) amounted to €9.8 million, down 52.9%. There were no major new releases during the period. Only one racing game (MXGP: The Official Motocross VideogameTM) was released, whereas the year-earlier period had been boosted by the exceptional success of Robocop: Rogue City TM and the releases of Cricket 24: Official Game of The Ashes TM and Gangs of Sherwood TM.

The Back Catalogue (games released in previous years) again saw good momentum, with sales up 24.5% to €15.6 million. That strong growth vindicates the strategy adopted by NACON.

The Accessories business saw positive developments, with sales of RIG headsets and REVOLUTION 5 PRO controllers still buoyant in the USA and Australia. As a result, Accessories sales rose 5.3% to €25.2 million.
This strong performance came despite the delayed launch of certain products (the COBRA seat, the DRIVE PRO STAND, the REVOSIM range and the XBOX Revolution X Unlimited controller), which will now be released in 2025.

In addition, NACON has recently announced plans to build its future production plant for video gaming accessories at the Lauwin-Planque site in France. The plant will be operational later in 2025 and will give NACON better control over its supply and logistics chain, as well as enabling it to keep more value in-house and optimise its inventories.

Outlook for the fourth quarter 

The release schedule will be slightly busier, comprising the following three games.