Interim report January – June 2022
Revenues amounted to MSEK 458.8 (MSEK 403.0), an increase by 14 % compared to the same period last year.
Operating profit amounted to MSEK 213.6 (MSEK 111.4), an increase by 92 %.
Profit after financial items amounted to MSEK 213.0 (MSEK 110.3), and profit after tax amounted to MSEK 170.1 (MSEK 88.3).
Cash flow from operating activities amounted to MSEK 261.8 (MSEK 262.3), and cash flow from investing activities amounted to MSEK -230.2 (MSEK -212.3).
By the end of the period cash amounted to MSEK 594.9 (MSEK 651.0).
Earnings per share before dilution amounted to SEK 1.61 (SEK 0.84) and after dilution SEK 1.61 (SEK 0.84).
Revenues in the quarter are mainly attributable to Cities: Skylines, Crusader Kings III, Europa Universalis IV, Hearts of Iron IV and Stellaris.
IMPORTANT EVENTS IN THE SECOND QUARTER
New downloadable content for the following games was released during the quarter; Overlord for Stellaris, Fate of Iberia for Crusader Kings III, New Alliances for Surviving the Aftermath and Gangs for Prison Architect.
New ports were released during the quarter; Shadowrun Trilogy.
New ports of downloadable content were released during the quarter; Nemesis for Stellaris.
FIRST SIX MONTHS
Revenues amounted to MSEK 934.9 (MSEK 767.5), an increase by 22 % compared to the same period last year.
Operating profit amounted to MSEK 422.0 (MSEK 203.9), an increase by 107 %.
Profit after financial items amounted to MSEK 420.7 (MSEK 201.8), and profit after tax amounted to MSEK 338.7 (MSEK 165.1).
Earnings per share before dilution amounted to SEK 3.21 (SEK 1.56) and after dilution SEK 3.20 (SEK 1.56).
COMMENT BY THE CEO
In the first half of 2022, we have continued on our path and have deepened our strategy and management portfolio with good releases and broadened our player base, while maintaining good cost control. Simultaneously, the exchange rates have provided us with further tailwinds. The effects are noticeable in, among other things, a strong profit margin of 46 percent during the second quarter of the year.
Fredrik Wester, CEO
PRESENTATION OF REPORT
2 August 12:00 PM CEST Fredrik Wester and Alexander Bricca will host a livestream on Paradox’s YouTube channel to present the quarter’s s results, and answer questions related to the report and the company’s financial performance, https://www.youtube.com/paradoxinteractive.
If you missed the presentation, it is available here.
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 02-08-2022 08:00 CET.