Q3 2024 Embracer Group AB Earnings Call Transcript

Feb 15, 2024 / 08:00AM GMT
Erik Larsson - SEB - Analyst

It's Good morning and welcome to Embracer's Q3 report presentation. My name is Erik Larsson. I'm an equity research analyst at SEB. I will be the moderator today, obviously. We will start today with a handful of presentations from Embracer management, including an update on the restructuring program before we go back to Q&A.

So with that, I'll hand the word over to you, Lars.

Lars Wingefors Embracer Group AB-Co-founder&CEO

Thank you, Eric, and hello and welcome everyone to this Embracer Group's Q3 presentation from Stockholm. Let's dive straight into the business highlights for Q3. First of all, I'm happy to say we delivered another stable quarter with net sales of SEK12.1 billion and adjusted EBIT of SEK2.2 billion in Q3. The financial performance was driven by a strong quarter from Asmodee Miller enterprises and our mobile businesses.

Organic growth amounted to minus 4%, a result of positive organic growth within tabletop, offset by a light release schedule within

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