Brief: Nacon FY Net Result Up At 15.3 Million Euros

Nacon SAS

25/05/2020 17:45

May 25 (Reuters) - Nacon SASU  NACON.PA :
    * OUTLOOK 2020/21: SALES BETWEEN 140 AND 150 MILLION EUR
    * OUTLOOK 2020/21: CURRENT OPERATING PROFIT RATE: 18%
    * THANKS TO FUNDS RAISED DURING IPO, NACON HAD CASH OF EUR
110.9
MEUR AT 31 MARCH 2020
    * NOT TO SUBMIT TO VOTE OF NEXT SHAREHOLDERS' MEETING
DISTRIBUTION
OF A DIVIDEND IN RESPECT OF 2019/2020 FINANCIAL YEAR.
    * FY NET RESULT: 15.3 MILLION EUR (+41,8%)
    * FY CURRENT OPERATING PROFIT: 22.6 MEUR (+80,3%)
    * GROUP REITERATES ITS FINANCIAL TARGETS FOR FY 2022/23 WITH
SALES
BETWEEN 180 MEUR AND 200 MEUR AND A CURRENT OPERATING MARGIN (6)
IN EXCESS OF 20%
    * NOTES THAT COVID-19 CRISIS NO LONGER HAS AN IMPACT ON
ACCESSORY
SALES AND CONTINUES TO BOOST DIGITAL SALES OF GAMES
    * AT MARCH 31, 2020, NACON'S SHAREHOLDERS' FUNDS AT 187.6 M€
VERSUS 67.5 M€ AT MARCH 31, 2019

Source text for Eikon:  ID:nGNE68Xx5c 
Further company coverage:  NACON.PA 

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