Interim report January – March 2024
FIRST QUARTER
- Revenues amounted to MSEK 482.1 (MSEK 482.8), in level with the same period last year.
- Operating profit amounted to MSEK 154.4 (MSEK 155.7), a decrease by 1 %.
- Profit after financial items amounted to MSEK 165.0 (MSEK 157.1), and profit after tax amounted to MSEK 126.9 (MSEK 123.7).
- Cash flow from operating activities amounted to MSEK 136.9 (MSEK 244.6), and cash flow from investing activities amounted to MSEK -47.9 (MSEK -170.1). Cash flow from investing activities includes a positive effect of MSEK 130.5 (MSEK 0.0) from sales of short-term investments in bonds.
- By the end of the period cash amounted to MSEK 1,181.8 (MSEK 812.7).
- Earnings per share before dilution amounted to SEK 1.20 (SEK 1.17) and after dilution SEK 1.20 (SEK 1.16).
- Revenues in the quarter are mainly attributable to Cities: Skylines, Cities: Skylines II, Crusader Kings III, Hearts of Iron IV, and Stellaris.
IMPORTANT EVENTS IN THE FIRST QUARTER
- Millennia, developed by C Prompt Games, was released to PC.
- New downloadable content was released to games during the period; Legends of the Dead to Crusader Kings III, Trial of Allegiance to Hearts of Iron IV, Primal Fury to Age of Wonders 4 and Beach Properties to Cities: Skylines II.
- New ports were released during the period, Across the Obelisk to Nintendo Switch.
- The new game Prison Architect 2, developed by Double Eleven, was announced.
COMMENTS BY THE CEO
Our core business has held a strong pace during the first period of the year, with good underlying sales, which gives a good result. We have a very strong foundation with a large cash position and a solid recurring cash flow. This gives us a good position for taking advantage of the opportunities that open up in a games market that is turbulent at the moment.
Fredrik Wester, CEO of Paradox Interactive
PRESENTATION OF REPORT
25 April 12:00 PM CEST Fredrik Wester, CEO, and Alexander Bricca, CFO, will host a livestream on Paradox’s YouTube channel to present the interim report, and answer questions related to the report and the company’s financial performance, https://www.youtube.com/paradoxinteractive.
Questions may be submitted in advance via our forum or by e-mailing them to [email protected]. It will be possible to e-mail questions to [email protected]during the presentation.
If you miss the presentation, it will be posted on Paradox’s YouTube channel at a later time.
This disclosure contains information that Paradox Interactive AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 25-04-2024 08:00 CET.
