Embracer Group AB (OSTO:EMBRAC B)
kr 22.82 -1.4 (-5.78%) Market Cap: 31.33 Bil Enterprise Value: 49.06 Bil PE Ratio: 31.26 PB Ratio: 0.45 GF Score: 62/100
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Q1 2024 Embracer Group AB Earnings Call Transcript

Aug 17, 2023 / 07:00AM GMT
Release Date Price: kr29.5 (+12.57%)
Simon JÃ;nsson
ABG Sundal Collier Holding ASA, Research Division - Research Analyst

¶ -

Good morning, and welcome to Embracer Group Q1 presentation. My name is Simon Jönsson, an equity analyst with ABG Sundal Collier, and I will be the host today. We will begin with a presentation of the results by the management team, and after which we will follow up with a Q&A session. (Operator Instructions)

And without further ado, I will leave the word over to you, Lars.

Lars Wingefors;publ;Founder
Embracer Group AB;CEO & Director

()- -

Thank you, Simon, and hello, and welcome, everyone, to a great stock on this morning. So let's go straight into the brief summary of the quarter. I'm pleased to announce a net sales of SEK 10.5 billion, which is a growth of 47% year-over-year or an organic growth of 20%, driven by solid performance of Dead Island 2. Our profitability with adjusted EBIT came in at SEK 1.7 billion, representing a notable improvement sequentially. The Q1 result is also ahead of

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