Fractal Gaming Group Interim Report January-June 2022
Second quarter 2022
- Net sales amounted to SEK 95.4 million (103.7).
- Product profit amounted to SEK 29.3 million (33.8), with a product margin of 30.7% (32.6).
- EBITDA amounted to SEK -3.0 million (2.0), corresponding to an EBITDA margin of -3.2% (1.9).
- EBIT amounted to SEK -7.5 million (-1.3), corresponding to an EBIT margin of -7.9% (-1.2).
- Operating cash flow amounted to SEK -7.7 million (0.9).
- Interest-bearing net debt was SEK 127.4 million (94.5).
- Earnings per share amounted to SEK -0.1 (0.0)
Hannes Wallin, CEO and Founder of Fractal comments:
“The market conditions remained challenging during the quarter, with generally weak demand for gaming hardware, which impacted both sales and earnings. We predict a stronger trend during the second half of the year and that we will return to profitable growth.
The availability of graphics cards and strong price increases, which have impacted the demand for PC gaming hardware globally for the past 12 months, gradually improved during the first half of the year. A new generation of graphics cards from Nvidia and AMD will be launched in the second half of the year and these, together with continued greater availability of graphics cards, is predicted to boost interest among many gamers to upgrade their computers. We continue to drive our growth initiatives with a focus on delivering high quality products, a high level of service and increased marketing efforts. Several exciting launches are planned for the autumn, and we are looking forward to launching these in the market
Although the uncertainty regarding demand and product supply has increased due to the war in Ukraine and continued pandemic effects in Asia, we expect to be able to again report growth in the second half of the year as prices for graphics cards continue to fall.”
Telephone and web conference
A telephone and web conference will be held for investors, analysts and media on August 18, 10.00 (CEST). CEO, Hannes Wallin and CFO, Karin Ingemarson will present and comment on the report and the presentation will be followed by a question and answer session.
To attend the telephone or web conference:
Link to web conference:
For more information, please contact
Hannes Wallin, CEO and founder, Fractal
Telephone: +46 31 380 71 00
E-mail: [email protected]
Karin Ingemarson, CFO, Fractal
Telephone: +46 31 380 71 00
E-mail: [email protected]
This information is information that Fractal Gaming Group is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8:00 a.m. CEST on August 18, 2022.
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Fractal is a leading company in the premium segment of PC gaming products. The Group was founded in 2010 and our products are currently sold in more than 50 markets worldwide. Fractal is the market leader in premium PC cases in several geographic markets, for example in the Nordic region, is top two in Japan, and holds a top-three position globally.
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