Thunderful CEO says restructure is "off to a good start" as it reports full-year loss of $60m

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Thunderful CEO Martin Walfisz has said the company's restructure is "off to a good start" as the group releases its full-year financial results.

For the twelve months ended December 31, 2023, the company posted a loss of SEK 609.4 million ($59.2 million), compared to a profit of SEK 121.2 million ($11.8 million) in the previous year. While Thunderful's games segment posted a stable quarter for sales, there were substantial losses in its distribution business due to declines for its Nordic Game Supply and Bergsala subsidiaries.

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