Thunderful Group Annual Report 2022

Key insights

6 takeaways

01
Thunderful Group reported consolidated net sales of MSEK 3,030.7 for 2022, a 3.5% decrease from the previous year's MSEK 3,140.8.See it on page 11
02
The Games segment grew by 45.3% to MSEK 514.4, while the Distribution segment experienced a 9.7% decline in net sales to MSEK 2,516.2.See it on page 70
03
Gross profit increased by 15.3% to MSEK 1,102.5, with the gross margin improving to 34.3% from 29.2% due to the higher-margin Games segment's increased contribution.See it on page 70
04
The company is shifting focus toward premium games suitable for subscription services like Xbox Game Pass and PlayStation Plus, while acknowledging the growing importance of platform-supported revenue.See it on page 14
05
As of December 31, 2022, the group held MSEK 928.2 in goodwill, reflecting its ongoing investment in publishing rights and game development projects.See it on page 77
06
To support organizational growth, the group centralized its HR function in 2022 and implemented targeted recruitment measures to increase the representation of women in leadership roles.See it on page 46

Summary

provide creative entertainment products of the highest quality Thunderful Group was founded in 2019 as a Group with The operations fulfil an important societal function, the opportunity to provide creative, high-quality enter- in which our product and service range today create tainment products to people of all ages. conditions for creativity and learning, as well as digital We are driven by our vision "To be a leader in a world communication and entertainment.