Sweden's Stillfront records SEK 2,258 mln non-cash impairment

Stillfront AB (publ)

02/02/2026 06:19

Overview

Sweden-based games company reports SEK 2,258 mln non-cash impairment on goodwill and intangibles

Q4 2025 revenue fell 18% yr/yr, driven by declines in North America and Europe

Gross margin improved to 83%, driven by higher share of direct-to-consumer sales

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

IMPAIRMENT CHARGE - Stillfront recorded a SEK 2,258 mln non-cash impairment related to goodwill and intangibles in Europe and North America

REVENUE DECLINE - Q4 2025 revenue fell 18% yr/yr, driven by declines in North America and Europe, partly offset by strong performance in MENA & APAC

GROSS MARGIN IMPROVEMENT - Gross margin improved to 83%, driven by a higher share of direct-to-consumer sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 1.36 bln
Q4 Adjusted EBITDA
SEK 368 mln
Q4 Gross Profit
SEK 1.12 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Stillfront Group AB (publ) is SEK6.70, about 22% above its January 30 closing price of SEK5.49

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nMFN8hBdMb

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)