Nacon SA: A Year of Strategic Delays and Promising Growth Ahead

In a bold move that has sent ripples through the gaming peripherals industry, Nacon SA has announced its full-year 2024/25 results, revealing a strategic decision to delay several new releases. This decision, while impacting earnings in the short term, is set to catalyze strong growth in the 2025/26 financial year, starting from the first half. The company, known for its diverse range of gaming peripherals including keyboards, mice, controllers, and gaming chairs, has maintained a stable sales figure of €167.9 million for the year ended 31 March 2025, mirroring the previous year’s performance.

Financial Highlights: A Closer Look

  • Sales Stability: Despite the postponement of several key products, Nacon’s sales remained stable at €167.9 million, with the Gaming segment contributing €97.1 million, Accessories €65.2 million, and other activities €5.6 million.
  • Improved Gross Margin: The company reported an improved gross margin of 64.4%, up from 62.1% in the previous year, showcasing efficient cost management and a stronger product mix.
  • EBITDA Before Non-Recurring Items: EBITDA before non-recurring items remained stable at €55.9 million, indicating a consistent operational performance despite the strategic delays.

Strategic Postponements: A Calculated Risk

The decision to delay the launch of several games and accessories until the 2025/26 financial year was not made lightly. It reflects a calculated risk, aiming to align product launches with market readiness and maximize impact. This strategic patience is expected to pay dividends, with Nacon forecasting strong growth in the upcoming financial year.

Market Reaction and Future Outlook

The market has reacted cautiously to Nacon’s announcement, with investors weighing the short-term earnings impact against the potential for significant growth in the 2025/26 financial year. With a market cap of €58,382,790 and a price-to-earnings ratio of 2.88222, Nacon’s financial health remains robust, supported by a strategic vision that prioritizes long-term growth over immediate gains.

As Nacon gears up for a promising 2025/26 financial year, the gaming peripherals industry watches closely. The company’s ability to navigate the challenges of delayed product launches and capitalize on future growth opportunities will be critical. With a stable financial foundation and a strategic approach to product development, Nacon is poised to strengthen its position in the competitive gaming peripherals market.

In conclusion, Nacon SA’s strategic decision to delay several new releases in the 2024/25 financial year, while impacting short-term earnings, sets the stage for a period of strong growth. With an improved gross margin and stable EBITDA, the company demonstrates resilience and strategic foresight. As Nacon prepares to launch its delayed products in the 2025/26 financial year, the gaming peripherals industry anticipates a significant impact, potentially reshaping market dynamics and reinforcing Nacon’s position as a key player in the sector.