Market (PC & Console)·Updated Mar 21, 2026 by Thunderful
Thunderful Group is divesting its legacy distribution businesses, including Bergsala and Amo Toys, for SEK 630 million to pay down debt and pivot exclusively toward high-potential 'AA' game development.
The company reported a net sales decline of 4.6% to SEK 2.8 billion and an operating loss of SEK 609.3 million, largely due to a SEK 500.4 million goodwill impairment in the Games segment.
Management has launched a restructuring program targeting annual cost savings of SEK 90–110 million and implemented a stricter 'Go-ahead' approval process for new game projects.
Despite a 64.5% decline in share price, the company maintained a positive cash flow from operating activities of SEK 315.4 million and secured necessary bank waivers.
The Games segment, which released 15 titles in 2023 and holds a pipeline of 29 projects, is now the primary focus under CEO Martin Walfisz with a target of 25% annual organic growth.
The Distribution segment remains the company's largest revenue driver, contributing SEK 2.4 billion in net sales through its long-standing partnership with Nintendo.
Thunderful Group is divesting its legacy distribution businesses, including Bergsala and Amo Toys, for SEK 630 million to pay down debt and pivot exclusively toward high-potential 'AA' game development.
The company reported a net sales decline of 4.6% to SEK 2.8 billion and an operating loss of SEK 609.3 million, largely due to a SEK 500.4 million goodwill impairment in the Games segment.
Management has launched a restructuring program targeting annual cost savings of SEK 90–110 million and implemented a stricter 'Go-ahead' approval process for new game projects.
Despite a 64.5% decline in share price, the company maintained a positive cash flow from operating activities of SEK 315.4 million and secured necessary bank waivers.
The Games segment, which released 15 titles in 2023 and holds a pipeline of 29 projects, is now the primary focus under CEO Martin Walfisz with a target of 25% annual organic growth.
The Distribution segment remains the company's largest revenue driver, contributing SEK 2.4 billion in net sales through its long-standing partnership with Nintendo.