Interim report January – June 2022

Tue, Aug 02, 2022 08:00 CET

SECOND QUARTER

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.

Questions may be submitted in advance via our forum or by e-mailing them to ir@paradoxinteractive.com. It will be possible to e-mail questions to ir@paradoxinteractive.com during the presentation.

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.

For additional information, please contact:
Fredrik Wester, CEO Paradox Interactive
Alexander Bricca, CFO Paradox Interactive
Email: ir@paradoxinteractive.com
Phone: +4670-355 54 18

About Paradox Interactive
The Paradox group today consists of both publishing and internal development of games and brands. Paradox has a broad portfolio of games owns the most important brands, including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Prison Architect, Victoria, Age of Wonders and the World of Darkness catalogue of brands. From the start 2004, the company has published its games all over the world, initially through physical distribution but since 2006 primarily in digital channels. Paradox games are developed primarily for PC and console platforms, but the company also releases games on mobile. The largest markets today include the US, UK, China, Germany, France and Scandinavia. In total, Paradox games have over five million players each month.

Paradox Interactive AB (publ)’s shares are listed on Nasdaq Stockholm First North Premier under ticker PDX. Certified Advisor: FNCA Sweden AB, info@fnca.se, +46-8-528 00 399. For more information, please visit www.paradoxinteractive.com.