Nacon: improved EBITDA margin in 1st half

(CercleFinance.com) - Nacon reported a 61.
6% drop in net income to 3.2 million euros for the first half of 2023-24, but with EBITDA up 20.1% to 29.3 million, or 43.2% of sales versus 31.4% a year earlier.

Gross margin improved by almost three points to 64.2% on sales of 70.8 million euros, down 8.7% on a non-IFRS basis, as catalog sales (new games) were penalized by sluggish activity.

In view of what it expects to be a buoyant second half, Nacon confirms its outlook for strong growth in sales and operating income for the full year 2023-24.

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