Thunderful Group is exploring the sale of Bridge Constructor writer Headup Video games almost three years after it bought the studio in a deal value as much as €11 million.
The corporate stated it was reviewing its priorities and plotting a “extra targeted technique” for the enterprise. Because of this, it’s on the lookout for consumers for the Germany-based agency.
Headup Video games has launched quite a few titles throughout PC, console and cell platforms, together with the Bridge Constructor sequence, Tremendous Meat Boy Perpetually and Laika: Aged By means of Blood.
“The Headup workforce and its CEO, Dieter Schoeller, have made an incredible contribution to Thunderful since becoming a member of the group,” stated Thunderful Group CEO Martin Walfisz.
“Nonetheless, as we’re reviewing the enterprise and priorities of Thunderful, it’s develop into apparent that we’d like a clearer and extra targeted technique. We’re subsequently now exploring the opportunity of divesting Headup.”
Q3 financials
The information comes after Thunderful appointed Huge Leisure founder Martin Walfisz as its new CEO in August. It additionally named former Probi AB chief monetary officer Henrik Lundkvist as its personal CFO in October.
In its newest financials, the corporate reported a 9.4% year-over-year decline in income throughout Q3 to SEK 626.2m ($59.9m), whereas gross sales for January to September have been up 4.5% Y/Y to SEK 1.86 billion ($178m).
Q3 revenue, in the meantime, elevated by 115.6% Y/Y to SEK 24.7m ($2.3m), although the corporate reported a SEK 22.3m ($2.1m) loss for the January to September interval total, deepening losses by 141.3% Y/Y.
The corporate’s finest performing division was in distribution, which reported internet gross sales of SEK 536.1m ($51.3m), down 6.5% Y/Y in Q3. The video games division, in the meantime, reported a income decline of 23.6% Y/Y to SEK 90m ($8.6m).
