Nacon: share price falls after target revision

(CercleFinance.com) - Nacon fell by more than 6% on the Paris Bourse on Tuesday, after reporting quarterly sales below expectations and lowering its targets for the year.


For its third quarter, from October to December, the video game group reported sales down 10.3% to 52.9 million euros, below analysts' forecasts.

In view of the game shifts already announced, Nacon explains that it now expects to report 'slightly higher' sales for the current financial year, with operating profit possibly down on the previous year.

As a reminder, the company had previously forecast 'good momentum' in the second half of the year.

Nacon nevertheless stresses that the start of the next fiscal year 2025-2026 will be supported by the launch of new games, leading it to anticipate a 'strong growth' in the 1st half of 2025-2026.

The share price, which has lost over 60% in one year, was down 6.3% on Tuesday morning, heading back towards its all-time lows reached last month.

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