Brief: Embrace's Asmodee Spin-Off On Track For This Fiscal Year

Embracer AB

14/11/2024 06:12

Nov 14 (Reuters) - Embracer Group AB  EMBRACb.ST :
    * CONFIRM THAT PROCESS TO SPIN-OFF ASMODEE IS ON TRACK FOR
THIS
FINANCIAL YEAR
    * WITHIN PC/CONSOLE WE NOW EXPECT LOWER EARNINGS THIS YEAR
DUE TO
DELAY OF A NUMBER OF NOTABLE H2 RELEASES
    * CONTINUE OUR ONGOING WORK TO IMPROVE EFFICIENCY AND
INCREASE ROI
    * DIVESTMENT OF EASYBRAIN, ANNOUNCED TODAY, HAS STRONG
STRATEGIC
AND FINANCIAL RATIONALE
    * IN Q3, WE EXPECT SOLID ADJUSTED EBIT GROWTH YOY FOR
TABLETOP
    * Q3 MOBILE: WE EXPECT LOWER EARNINGS YOY
    * Q3 PC/CONSOLE: WE EXPECT LIMITED OR NO ADJUSTED EBIT
    * Q3 ENTERTAINMENT & SERVICES: WE EXPECT NOTABLE EARNINGS
GROWTH
YOY
    * FOR FY 2024/25 WE NOW EXPECT LOWER EARNINGS YOY

Source text:  ID:nMFN3gV6hb 
Further company coverage:  EMBRACb.ST 

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