Thunderful Group: Preliminary Q4 numbers - Redeye

Redeye comments on Thunderful Group’s preliminary Q4 numbers, which are significantly lower than our expectations, primarily due to extraordinary write-downs of SEK598m related to goodwill and capitalized development costs. However, excluding the write-downs, we also see a weaker underlying development where sales came in 10% below estimates while adjusted EBITDA was significantly lower than our expectations.

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