Bildkälla: Stockfoto

Embracer: Announces game delays - ABG

Sales +5% vs ABGSCe and cons, adj EBIT in line
Delays Saints Row and another AAA game
Still SEK 16bn in available cash and credits for M&A

Sales SEK 3,296m (5.2% vs ABGSC 3,134m and 4.8% vs cons 3,145m), Operational EBIT SEK 973m (0.6% vs ABGSC 968m and -0.4% vs cons 977m), Adj. EPS SEK 0.65 (-7.2% vs ABGSC 1m and -13.3% vs cons 1m). Numbers were basically in line with consensus, but the important thing in this report was the announced game delays.

Embracer did not announce any new acquisitions but now sits on SEK 16bn in M&A capacity, including its credit facility and SEK 7bn in net cash. It also provided more information about the listing on Nasdaq Stockholm which is expected after Q1’22/23 but before June 2023. It also communicated that Q1’22/23 will be the first report in IFRS. Conference call at 09:00 CET. Join the stream here: https://tv.streamfabriken.com/embracer-group-q2-2021-2022
Börsvärldens nyhetsbrev
ANNONSER