Embracer's Asmodee sets mid-term targets ahead of spin-off

Embracer AB

19/11/2024 06:21

Nov 19 (Reuters) - Tabletop games publisher Asmodee, to
be spun off from Swedish gaming group Embracer  EMBRACb.ST , on
Tuesday forecast medium-term organic sales growth in a
mid-single-digit percentage and an adjusted core profit (EBITDA)
margin above 18%.
    Ahead of its planned listing in Stockholm, Asmodee will
refinance 900 million euros ($952.6 million) of debt via capital
markets and receive a 400 million euro equity injection
following Embracer's divestment of Easybrain, the parent company
said in a statement ahead of its investor day.
($1 = 0.9448 euros)

 (Reporting by Jesus Calero in Gdansk; editing by Milla Nissi)
 ((Jesus.calero@thomsonreuters.com))