Luomalla maksuttoman Inderes-tilin, pääset käsiksi Inderesin analyysiin, voit tilata suositun aamukatsauksen ja seurata sinua kiinnostavia yhtiöitä sekä keskusteluita.
Onko sinulla jo Inderes-tili?
Follow this company like 1846 other investors.
Redeye provides an update post Embracers Q4 2022/23 results. The report was softer than expected, while the guidance for FY2023/24e was lowered. As such, we revise our estimates and valuation accordingly.
Read more and download the Research Update.
Follow companies at Redeye to receive the latest equity research within Life Science and Technology.
FOURTH QUARTER, JANUARY–MARCH 2023 (COMPARED TO JANUARY–MARCH 2022)
Embracer Group hereby invites you to a presentation in connection with the publication of the Year End Report for the fiscal year 2022/2023 and the interim report for the fourth quarter, the period January-March 2023. The report will be published at 06.00 (CEST) on May 24 and is available as of this time at Embracer Group’s website: www.embracer.com
INSIDE INFORMATION: Embracer Group AB (“Embracer Group”) estimates that the Adjusted EBIT for Q4 FY 2022/23 will be SEK 0.9 billion. Adjusted EBIT for FY 2022/23 is estimated to SEK 6.35 billion, compared to the previously communicated forecast range of SEK 8.0-10.0 billion. The difference is primarily due to not closing the transformative partnership- and licensing deals, as announced by a press release on 27 March 2023.
Embracer Group AB (”Embracer”), through its wholly-owned subsidiary Middle-earth-Enterprises, part of the operative group Freemode, announced today an agreement with Amazon Games to develop and publish a new massively multiplayer online (MMO) game based on “The Lord of the Rings”.
Redeye provides a preview ahead of Embracer Group’s Q4 2022/2023e report, due on 24th of May. We forecast a muted quarter due to no major releases in PC/Console during the quarter along with the postponed partnership deals.
Embracer Group is, as previously communicated, working on partnership- and licensing deals with several industry partners that are considered jointly transformative. A notable range of outcomes from these deals has previously been expected to be completed during the financial year 2022/23. Negotiations are progressing according to plan in terms of scope. However, Embracer Group now expects that these deals are not likely to be completed in Q4 FY 2022/23, but instead in Q1 FY 2023/24 (April-June 2023).
The number of shares and votes in Embracer Group AB (“Embracer Group”) has increased due to share issues due to payments in connection with payments of earn out consideration. The number of B shares and votes has increased by 273,049 and the share capital has consequently increased to approximately SEK 1,748,947.90.
Embracer Group AB (”Embracer”), through its wholly-owned subsidiary Middle-earth-Enterprises, part of the operative group Freemode, has together with New Line Cinema and Warner Bros. Pictures concluded a multi-year agreement to collaborate on feature films based on “The Lord of the Rings” and “The Hobbit”. The strategic agreement covers multiple feature films based on the revered works of J.R.R. Tolkien, expanding upon the much-loved world and characters of Middle-earth.
Redeye updates its view on Embracer post its Q3 report, which showed solid net sales but weaker profitability. However, Embracer reiterated its guidance for FY 2022/2023e-2023/2024e.