Embracer Group AB
EMBRAC B
ISIN SE0016828511 / Valor 113946352
Embracer Group AB
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About company
Embracer Group AB, based in Karlstad, Sweden, is a prominent global entity in the video game and media sectors, operating through a diverse range of subsidiaries including THQ Nordic, Coffee Stain, and Crystal Dynamics – Eidos. The group manages 73 game development studios and employs over 7,000 professionals across nearly 30 countries. It boasts a substantial portfolio of more than 450 owned or controlled franchises, encompassing well-known titles such as Lord of the Rings and Tomb Raider. Embracer Group is involved in the development and publishing of games for PC, consoles, and mobile platforms, as well as producing related media content. In the financial year 2023/24, the company undertook a significant restructuring initiative to streamline its operations and focus its business strategy for future growth.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (04.10.2025):
Embracer Group AB reported strong financial performance for the third quarter of 2023, achieving a 7% organic growth with net sales of SEK 7.4 billion. The company maintained a stable Adjusted EBIT of SEK 1.2 billion and significantly improved its free cash flow to SEK 0.9 billion from continued operations. These results were bolstered by resilient PC/Console Games performance and growth in the Entertainment & Services and Mobile segments.
Organic Growth and Net Sales
Embracer achieved a 7% organic growth for continued operations, excluding Asmodee, resulting in net sales of SEK 7.4 billion in Q3 2023.
Adjusted EBIT and Profitability
The Adjusted EBIT remained stable year-over-year at SEK 1.2 billion, supported by resilient performance in PC/Console Games and an improved free cash flow of SEK 0.9 billion from continued operations.
Successful Release of Kingdom Come: Deliverance II
Kingdom Come: Deliverance II surpassed expectations by selling over 1 million copies within the first 24 hours and achieving over 250,000 peak concurrent players on Steam, highlighting the strength of Warhorse Studios and Deep Silver.
Segment Performance
In PC/Console Games, organic growth was -1% with a 17% increase in Adjusted EBIT YoY, while the Mobile Games segment saw a significant improvement with 3% organic growth. The Entertainment & Services segment achieved 19% organic growth, driven by successful partner releases.
Future Outlook and Game Pipeline
Embracer expects higher Adjusted EBIT in Q4 2023 driven by new game releases and maintains a robust pipeline with over 5,000 developers working on upcoming titles, including 10 AAA games scheduled for release between FY 2025/26 and FY 2027/28.
Spin-off of Asmodee
The successful spin-off of Asmodee, now separately listed on Nasdaq Stockholm, strengthens Embracer’s financial position with a pro forma net cash of around SEK 5 billion and allows for increased strategic focus and future value creation.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1875 M
Market cap (USD)
582,409
Daily traded volume (Shares)
30.9 / 30
1 day high/low (USD)
52 weeks high/low (USD)
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