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02 SECOND QUARTER APRIL - JUNE 2021 ● • Revenue increased by 12.9 % to 556.8 MSEK ( 493.0 ) . Adjusted EBITA rose by 8.8 % to 42.0 MSEK ( 38.6 ) , corresponding to an adjusted EBITA margin of 7.5 % ( 7.8 ) . Adjusted EBITDA increased by 26.1 % to 54.6 MSEK ( 43.3 ) , corresponding to an adjusted EBITDA margin of 9.8 % ( 8.8 ) . Operating profit ( EBIT ) declined by 15.0 % to 24.9 MSEK ( 29.3 ) , corresponding to an operating margin of 4.5 % ( 5.9 ) . • Profit for the quarter amounted to 20.4 MSEK ( 22.6 ) . Earnings per share after dilution amounted to 0.29 SEK ( 0.45 ) . Operating cash flow amounted to -67.0 MSEK ( 33.5 ) . THUNDERFUL GROUP INTERIM REPORT JANUARY - JUNE 2021 Thunderful Group's subsidiary Coatsink Software Ltd signed new game development agreements valued at more than 20 MUSD . Thunderful Group acquired Tussilago AB's full operations on a capital basis on 31 May 2021 . GROUP EVENTS AFTER THE END OF THE QUARTER KEY PERFORMANCE INDICATORS Operating income , MSEK Net revenue , MSEK Gross profit , MSEK Gross margin Operating profit ( EBIT ) , MSEK Operating margin ( EBIT margin ) EBITA , MSEK Adjusted EBITA , MSEK Adjusted EBITA margin EBITDA , MSEK Adjusted EBITDA , MSEK Adjusted EBITDA margin Profit for the period , MSEK Net working capital , MSEK Operating cash flow , MSEK Cash conversion GAMES | DISTRIBUTION Quarter Apr - Jun 2021 556.8 540.4 172.3 30.9 % 24.9 4.5 % 41.4 42.0 7.5 % 54.0 54.6 9.8 % 20.4 564.4 -67.0 -123 % -214.7 -0.7 Interest - bearing net debt , MSEK Interest - bearing net debt / adjusted EBITDA , LTM Earnings per share before dilution , SEK Earnings per share after dilution , SEK * See Note 2 Revaluation of acquisition analysis according to IFRS 3 . PERIOD JANUARY - JUNE 2021 0.30 0.29 • Revenue increased by 10.4 % to 1,125.1 MSEK ( 1,019.3 ) . Adjusted EBITA rose by 10.5 % to 96.5 MSEK ( 87.3 ) , corresponding to an adjusted EBITA margin of 8.6 % ( 8.6 ) . . Thunderful Group acquired the game studio To The Sky on 10 August 2021 . Management was strengthened through the recruitment of Agostino Simonetta as Chief Strategy and Investment Officer . • ● ● . Adjusted EBITDA increased by 20.3 % to 117.3 MSEK ( 97.5 ) , corresponding to an adjusted EBITDA margin of 10.4 % ( 9.6 ) . Operating profit ( EBIT ) declined by 12.2 % to 60.3 MSEK ( 68.7 ) , corresponding to an operating margin of 5.4 % ( 6.7 ) . Profit for the period amounted to 33.6 MSEK ( 44.1 MSEK ) Earnings per share after dilution amounted to 0.48 SEK ( 0.88 ) . Operating cash flow amounted to -66.2 MSEK ( 76.6 ) . On 15 March 2021 , Thunderful Group acquired the German game publisher and game developer Headup GmbH . Refer to Note 1 . Thunderful Group's subsidiary Coatsink Software Ltd signed new game development agreements valued at more than 20 MUSD . Thunderful Group acquired Tussilago AB's full operations on a capital basis on 31 May 2021 . Apr - Jun 2020 493.0 490.1 115.3 23.4 % 29.3 5.9 % 38.6 38.6 7.8 % 43.3 43.3 8.8 % 22.6 467.4 33.5 77 % 183.0 0.7 0.45 0.45 Period Jan - Jun 2021 1,125.1 1,079.3 359.6 32.0 % 60.3 5.4 % 93.3 96.5 8.6 % 114.1 117.3 10.4 % 33.6 564.4 -66.2 -56 % -214.7 -0.7 0.49 0.48 Jan - Jun 2020 1,019.3 1,010.3 241.5 23.7 % 68.7 6.7 % 87.3 87.3 8.6 % 97.5 97.5 9.6 % 44.1 467.4 76.6 79 % 183.0 0.7 0.88 0.88 lost in Random 12 months Jul 2020 - Jun 2021 3,188.1 3,116.8 811.3 25.4 % 206.4 6.5 % 1 262.6 280.5 8.8 % 293.2 311.1 9.8 % 126.9 564.4 -12.6 -4 % -214.7 -0.7 2.03 2.02 Full year * 2020 3,082.3 3,047.8 693.2 22.5 % 214.9 7.0 % 256.8 271.5 8.8 % 276.7 291.4 9.5 % 137.4 541.1 10.0 3 % -305.1 -1.0 2.64 WWW.THUNDERFULGROUP.COM