Thunderful Group Annual Report 2020

Key insights

7 takeaways

01
Thunderful Group reported total revenue of 2,892 MSEK in 2020, achieving a 46% growth rate.See it on page 5
02
The group operates through two primary segments: Games, focused on development and publishing, and Distribution, which handles Nintendo products, accessories, and toys.See it on page 26
03
The Distribution segment, while showing 23% growth excluding Bergsala, faces a mature, competitive market with stagnant long-term growth prospects and high working capital requirements.See it on page 19
04
The Games segment strategy centers on high-quality, single-player titles for PC and consoles, supported by internal studios including Image & Form, Zoink, Guru Games, The Station, and Coatsink.See it on page 56
05
Thunderful Group was established in 2019 following a restructuring of Bergsala and Thunderful to consolidate operations and leverage synergies across the gaming value chain.See it on page 26
06
The company faces significant project-related risks in game development, including potential cost overruns, delays, and the necessity of successfully launching larger titles to maintain growth.See it on page 31
07
The group is highly dependent on key personnel and senior executives, noting that the loss of such individuals could lead to skill shortages and project delays.See it on page 31

Summary

This is a translation of the Swedish Annual Report. In the event of discrepancies, the Swedish version takes precedence. ABOUT THUNDERFUL GROUP....................................................... 3 CORPORATE GOVERNANCE REPORT ......................................33 CEO COMMENT.............................................................................. 5 THE SHARE .....................................................................................