Brief: Stillfront To Book SEK 6.9 Bln Goodwill Impairment

Stillfront AB (publ)

30/01/2025 06:27

Jan 30 (Reuters) - Stillfron AB  SFRG.ST :
    * SAID ON WEDNESDAY IT WILL BOOK NON-CASH GOODWILL
IMPAIRMENT OF
SEK 6.9 BILLION AND ACCELERATION OF AMORTIZATION IN Q4 2024
    * SAYS SHORTER ECONOMIC LIFETIME OF OTHER DEVELOPED GAMES OF
SEK
0.2 BILLION IN Q4
    * SAYS IMPAIRMENT OF GOODWILL ATTRIBUTED TO NEW NORTH
AMERICA
BUSINESS AREA AND WILL BE REPORTED AS ITEM AFFECTING
COMPARABILITY
    * TOTAL IMPAIRMENT CHARGE AND AMORTIZATION REPRESENTS ABOUT
33% OF
STILLFRONT'S TOTAL AMOUNT OF GOODWILL AND OTHER INTANGIBLE
ASSETS
    * NET REVENUE AMOUNTED TO SEK 1.66 BILLION IN Q4 2024 WITH
5%
ORGANIC DECLINE YEAR-OVER-YEAR
    * GROSS PROFIT AMOUNTED TO SEK 1.32 BILLION IN Q4
    * ADJUSTED EBITDAC OF SEK 410 MILLION AND A 25% ADJUSTED
EBITDAC
MARGIN IN Q4
    * Q4 FREE CASH FLOW LTM SEK 1.05 BILLION VERSUS SEK 833
MILLION IN
Q4 2023

        
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