Changes now yielding results
Third quarter July-
- Net revenue decreased 4.8% to 703.4 MSEK (738.9).
- Operating profit (EBIT) declined 40.9% to 38.3 MSEK (64.8), corresponding to an operating margin of 4.6% (8.5).
- Adjusted EBITDA decrease 21.2% to 77.4 MSEK (98.3), corresponding to an adjusted EBITDA margin of 9.3% (12.9).
- Adjusted EBITA declined 28.8% to 60.3 MSEK (84.7), corresponding to an adjusted EBITA margin of 7.2% (11.1).
- Profit for the quarter amounted to 11.4 MSEK (48.5).
-
Earnings per share after dilution amounted to
0.16 SEK (0.70). - Cash flow from operating activities amounted to -71.4 MSEK (-86.0).
- Consolidated cash and cash equivalents together with unutilised credit facilities amounted to 222.9 MSEK (257.7).
-
Brjann Sigurgeirsson stepped down from his position as CEO.The board of directors appointed Anders Maiqvist as acting CEO.
Anders Maiqvist is the company's former CFO. Thunderful entered into an agreement regarding changes and payment of additional earn-out component in relation to the acquisition ofRobot Teddy Ltd. Thunderful started a dialogue with theSwedish Financial Supervisory Authority concerning information given in relation to the publication of the year-end report for 2020.
Period January-
- Net revenue increased 0.7% to 1,830.1 MSEK (1,818.2).
- Operating profit (EBIT) declined 57.7% to 52.9 MSEK (125.1), corresponding to an operating margin of 2.6% (6.6).
- Adjusted EBITDA declined 11.7% to 190.4 MSEK (215.6), corresponding to an adjusted EBITDA margin of 9.2% (11.4).
- Adjusted EBITA declined 34.3% to 119.1 MSEK (181.2), corresponding to an adjusted EBITA margin of 5.8% (9.6).
- Loss for the period amounted to -9.2 MSEK (82.1).
-
Earnings per share after dilution amounted to
-0.13 SEK (1.18). - Cash flow from operating activities amounted to 91.2 MSEK (-83.5).
Events after the end of the period
Thunderful entered into an agreement regarding changes of additional earn-out component in relation to the acquisition ofCoatsink Software Ltd. Thunderful entered into binding agreement regarding the acquisition ofJumpship Ltd November 15 2022 .
The interim report for Q3 2022 is presented and thereafter there is an opportunity to ask questions. Questions can be posed in writing via the webcast. A recorded version of the presentation will also be available on
The presentation will be moderated by
Attending from
Anders Maiqvist, incoming CEO
Lennart Sparud, CFO
To access the audiocast, please click on the link below:
https://ir.financialhearings.com/thunderful-group-q3-2022/register
This information is of a nature that
For more information, please contact:
Anders Maiqvist, incoming CEO,
E-post: anders.maiqvist@thunderfulgroup.com
Tel: +46 739 37 24 36
Lennart Sparud, CFO,
E-post: lennart@thunderfulgroup.com
Tel: +46 705 58 66 04
About
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