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Thunderful Group: Q4’21 Initial take – Distribution outperforms - Redeye

Redeye comments on Thunderfuls group Q3'21 report. We find the report encouraging, Net sales were 7% above our estimates, and Adj EBITA was 1% ahead. The deviations stem from the distribution units, particularly Nordic Game Supply, which performed well above expectations.

Redeye comments on Thunderfuls group Q3'21 report. We find the report encouraging, Net sales were 7% above our estimates, and Adj EBITA was 1% ahead. The deviations stem from the distribution units, particularly Nordic Game Supply, which performed well above expectations.
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