Nov 13 (Reuters) - Embracer Group AB EMBRACb.ST:
Q2 EBIT1) AMOUNTED TO SEK -73 MILLION (28), AN EBIT MARGIN OF -2% (1%)
Q2 NET SALES SEK 3,850 MILLION VERSUS SEK 3,701 MILLION SEEN IN COMPANY-PROVIDED CONSENUS
Q2 ADJUSTED EBIT SEK 109 MILLION VERSUS SEK 101 MILLION SEEN IN COMPANY-PROVIDED CONSENUS
AN ADJUSTED EBIT OF AT LEAST SEK 1,000 MILLION IS FORECASTED FOR FINANCIAL YEAR 2025/26.
WEAK PERFORMANCE FOR NEW RELEASES, INCLUDING KILLING FLOOR 3 AND SEVERAL SMALL AND MID-SIZED TITLES
FREE CASH FLOW WAS NEGATIVE, IMPACTED BY SEASONAL WORKING CAPITAL EFFECTS AHEAD OF HOLIDAY SEASON,
FOR Q3, WE EXPECT PERFORMANCE TO BE SOMEWHAT STRONGER THAN IN Q2
EXPECT A CONTINUED BUILD-UP OF WORKING CAPITAL IN Q3
RENAMING OF EMBRACER GROUP WILL OCCUR AT EARLIEST ALONGSIDE START OF OUR NEW FINANCIAL YEAR ON 1 APRIL 2026
COFFEE STAIN GROUP IS PREPARING FOR THEIR CAPITAL MARKETS EVENT ON 17 NOVEMBER AND REMAINS ON TRACK FOR A SEPARATE LISTING TARGETED FOR DECEMBER
CONTINUE TO PRIORITIZE DISTRIBUTION OF EXCESS CASH TO SHAREHOLDERS, EITHER THROUGH DIVIDEND OR SHARE BUYBACKS
Source text: ID:nMFN8nKJNQ
Further company coverage: [EMBRACb.ST]
(Gdansk Newsroom)
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