Q1 2024 Embracer Group AB Earnings Call Transcript
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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.
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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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