Embracer Group: Higher confidence

Research Update

2023-08-21

07:00

Redeye provides an update post Embracers Q1 2023/24 results. The report showed impressive 20% organic growth, which was much stronger than expected, although Adj EBIT came in slightly below estimates due to weaker margin levels in PC/console and Tabletop. Despite somewhat weaker results, management reiterated its guidance for FY 2023/24e with stronger confidence than before.

VL

TO

Viktor Lindström

Tomas Otterbeck

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