Brief: Nacon H1 Net Income Up At 8.4 Million Euros

Nacon SAS

28/11/2022 17:11

Nov 28 (Reuters) - Nacon SAS  NACON.PA :
    * 2022-23 HALF-YEAR RESULTS
    * CONFIDENCE REAFFIRMED IN MEDIUM-TERM PROSPECTS
    * IN FIRST HALF OF 2022-23, NACON POSTED REVENUES OF 77.5
MEUR ,
UP 6.2%, REFLECTING GROWTH OF ITS GAMES BUSINESS
    * CURRENT OPERATING INCOME FOR FIRST HALF OF YEAR ROSE BY
31.4% TO
11.1 MEUR , OR 14.3% OF SALES.
    * H1 NET INCOME AMOUNTED TO 8.4 MEUR (10.9% OF SALES IN HY1
2022-23), MORE THAN DOUBLE NET INCOME GENERATED LAST YEAR (3.8
MEUR IN HY1 2021-22).
    * AS OF SEPTEMBER 30, 2022, SHAREHOLDERS' EQUITY AMOUNTED TO
241.5
MEUR , UP 13.1 MEUR COMPARED TO END OF MARCH 2022.
    * H1 GROSS MARGIN WAS 47.6 MEUR , OR 61.4% OF SALES (52.1%
IN
PREVIOUS YEAR)
    * CASH-FLOW FOR FIRST HALF OF YEAR AMOUNTED TO 27.5 MEUR ,
UP 31%
COMPARED WITH FIRST HALF OF 2021-22.
    * STRONG GROWTH EXPECTED IN 2023-24, DRIVEN BY CURRENT
INVESTMENTS

Source text for Eikon:  ID:nGNE1qP3qc 
Further company coverage:  NACON.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))