Brief: Embracer Performance Affected By Lower Release Activity

Embracer AB

15/08/2024 06:18

Aug 15 (Reuters) - Embracer Group AB  EMBRACb.ST :
    * PERFORMANCE IN PC/CONSOLE AND ENTERTAINMENT & SERVICES WAS SOFTER YOY DUE TO A LOWER
RELEASE
ACTIVITY
    * STILL EXPECT VALUE OF COMPLETED GAME DEVELOPMENT FOR YEAR TO BE AROUND SEK 3.9 BILLION
    * IN Q2, WE EXPECT A SOLID ADJUSTED EBIT GROWTH YOY FOR TABLETOP GAMES AND BROADLY STABLE
DEVELOPMENT FOR MOBILE GAMES
    * ADJUSTED EBIT CONTRIBUTION FROM PC/CONSOLE GAMES AND ENTERTAINMENT & SERVICES IS EXPECTED
TO BE
FAIRLY LIMITED
    * WE ARE ON A PATH TOWARDS SIGNIFICANT NET DEBT REDUCTION, DRIVEN BY IMPROVED FREE CASH FLOW
AND
DIVESTMENTS

Source text for Eikon:  ID:nMFN4NHXVs 
Further company coverage:  EMBRACb.ST 

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