Brief: Nacon H1 Net Income Down At 3.8 Million Euros

Nacon SAS

29/11/2021 17:40

Nov 29 (Reuters) - Nacon SAS  NACON.PA :
    * H1 NET INCOME: €3.8 MILLION (-60.4%)
    * DOWNWARD REVISION OF THE 2021/22 OBJECTIVES WITH A
TURNOVER OF
BETWEEN €150 AND 180 MILLION AND AN CURRENT OPERATING PROFIT OF
AROUND €20 MILLION
    * AT THE END OF SEPTEMBER 2021, SHAREHOLDERS' EQUITY
AMOUNTED TO €
219.0 MILLION, AN INCREASE OF € 8.5 MILLION COMPARED TO THE END
OF MARCH 2021
    * UPWARD REVISION OF THE 2022/23 OBJECTIVES WITH A TURNOVER
OF
BETWEEN €250 AND €300 MILLION AND A CURRENT OPERATING PROFIT
RATE OF OVER 20%
    * H1 RECURRING OPERATING INCOME: €8.4 MILLION (-46.3%)
    * END-SEPT OPERATING CASH FLOW GENERATED IS + € 17.7 MILLION
    * FOLLOWING THE LIFTING OF THE CONDITIONS PRECEDENT, NACON
ANNOUNCES THAT IT HAS SIGNED THE PROTOCOL FOR THE ACQUISITION OF
100% OF THE CAPITAL OF ISHTAR GAMES ON NOVEMBER 25, 2021
    * HAS DECIDED TO POSTPONE THE RELEASE OF VAMPIRE: THE
MASQUERADE®-
SWANSONG, BLOOD BOWL 3®, TRAIN LIFE AND HOTEL LIFE TO FISCAL
2022/23
    * 2022/23 WILL BENEFIT FROM OVER 15 VIDEO GAMES INCLUDING,
VAMPIRE: THE MASQUERADE- SWANSONG, STEELRISING, THE LORD OF THE
RINGS X: GOLLUM, SESSION, BLOOD BOWL 3 AND TEST DRIVE UNLIMITED
SOLAR CROWN
    * THE SECOND HALF OF THE YEAR WILL BENEFIT FROM THE RELEASE
OF
CRICKET 2022 (1.5 BILLION FOLLOWERS WORLDWIDE) AND THE VERSIONS
OF THE ROGUEBOOK GAME FOR CONSOLES
    * 2023/24 WILL BENEFIT FROM THIS DYNAMIC OF RELEASES WITH
AGAIN
MORE THAN 15 GAMES EXPECTED, STRONG GROWTH OF BACK CATALOGUE

Source text: [https://refini.tv/3liQqsH]
Further company coverage:  NACON.PA 

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