Nacon (NACON) Q3 24/25 TU earnings summary

Executive summary

• Nine-month sales reached €129.9 million, up 2.5% year-over-year, driven by Accessories and Other segments.

• Third quarter sales were €52.9 million, down 10.3% compared to the same quarter last year, mainly due to a high base in Gaming.

• Accessories segment showed resilience, offsetting weaker Gaming performance.

Financial highlights

• First quarter sales fell 9.0% year-over-year; second quarter rose 38.5%; third quarter declined 10.3%.

• Gaming sales for the third quarter dropped 23.7% to €25.4 million; Accessories rose 5.3% to €25.2 million.

• Back Catalogue sales grew 24.5% to €15.6 million in Q3, while new game sales fell 52.9%.

• 2023/24 full-year sales were €167.7 million with operating income of €20.9 million.

Outlook and guidance

• Fourth quarter to see three new game releases and continued Accessories strength.

• FY 2024/25 sales expected to increase slightly, but operating income may decrease due to product launch delays.

• Strong sales growth anticipated in H1 2025/26, supported by new products and Nintendo Switch 2 compatibility.