Brief: Embracer Sees FCF, EBITDAC Improving In FY 24/25

Embracer AB

23/05/2024 06:16

May 23 (Reuters) - Embracer Group AB  EMBRACb.ST :
    * DIVESTMENTS OF PARTS OF SABER INTERACTIVE AND GEARBOX
ENTERTAINMENT WILL IMPROVE PROFIT MARGINS AND CASH CONVERSION
    * A RANGE OF ITEMS NOT AFFECTING CASH FLOW HAD A SEK 20
BILLION
IMPACT ON OUR REPORTED EBIT IN Q4
    * IN Q4, CASH EFFECT OF RESTRUCTURING PROGRAM AMOUNTED TO
SEK 265
MILLION
    * EXPECTS MATERIALLY IMPROVED FREE CASH FLOW AND EBITDAC
    * FY 2024/25 IS EXPECTED TO PROVIDE A SIMILAR PERFORMANCE ON
A
LIKE-FOR-LIKE GROUP BASIS COMPARED TO ACTUAL ADJUSTED EBIT IN FY
2023/24
    * WE EXPECT TO RELEASE MORE THAN 70 PROJECTS IN FY 2024/25
    * IN Q1, WE EXPECT A BROADLY STABLE ADJUSTED EBIT
DEVELOPMENT YOY
FOR MOBILE GAMES AND TABLETOP GAMES
    * IN Q1, WE EXPECT A BROADLY STABLE ADJUSTED EBIT
DEVELOPMENT YOY
FOR MOBILE GAMES AND TABLETOP GAMES,
    * IN PC/CONSOLE GAMES SEGMENT, WE SAW NEGATIVE ORGANIC
GROWTH OF
-13% IN QUARTER, MAINLY EXPLAINED BY A SOFT PERFORMANCE FOR
DIVESTED ASSETS
    * WE EXPECT A SIMILAR ADJUSTED EBIT PERFORMANCE IN FY
2024/25 AS
IN THE PAST FINANCIAL YEAR WITH A MATERIALLY IMPROVED FREE CASH
FLOW AND EBITDAC
    * MOBILE GAMES SEGMENT HAD ANOTHER STRONG QUARTER, WITH OVER
50%
ADJUSTED EBIT GROWTH YOY TO SEK 514 MILLION
    * WE ARE NOW AT A CAPEX RUN-RATE OF AROUND SEK 4.3 BILLION
AS OF
Q4 ON A PRO FORMA BASIS.

Source text for Eikon:  ID:nMFN5Wq3Pm 
Further company coverage:  EMBRACb.ST 

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