(CercleFinance.com) – Nacon, a video games specialist, is doing well this Tuesday morning on the Paris Stock Exchange in the wake of a publication of results deemed reassuring by analysts.
Around 10:40 a.m., the shares of the subsidiary of the Bigben group rose by 8.5%, returning to their highest levels since March and marking one of the largest increases on the Paris market.
Over its staggered 2023-24 financial year, running from April 1, 2023 to March 31, 2024, the group generated an operating profit of 20.9 million euros, an improvement of 20.5%.
Turnover increased by 7.5% to 167.7 million euros, for a gross margin rate representing 62.1%, an improvement of three points compared to the previous financial year.
‘The group reveals rather reassuring annual results, with a priori good control of costs and working capital requirements (WCR)’, react the analysts at Invest Securities.
The design office also mentions a ‘nice surprise’ with the release of the new game ‘Test Drive Unlimited: Solar Crown’ scheduled for September 12.
Regarding the new financial year 2024-25, Nacon said it was confident in its ability to once again generate growth accompanied by an increase in its operating profit.