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Redeye comments on Embracers Q3 2022/23 report. Net sales came in 6% higher than our estimates, while Adj EBIT was well below. The lower results than anticipated is due to a less favorable product mix and particularly lower profitability levels in the high-margin PC/Console segment. However, Embracer reiterates its guidance for FY 2022/23e and 2023/24e.
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