For FY 2023/24, we reiterate our Adjusted EBIT forecast of SEK 7.0-9.0 billion, and now see it as likely that we will reach the low end of the forecast range. This is driven by a somewhat softer outlook for PC/Console in FY 2023/24 compared to our assessment in Q2, due to the performance of recent new game releases, as well as a few additional pipeline shifts out from Q4 and also within the quarter.
The above was stated in the Q3 report, published February 15th 2024.
More information about the forecast on Pages 1, 2 and 7 of our Embracer Group Interim Report Q3, October-December 2023
Embracer Group is a global group of creative and entrepreneurial businesses in PC/console, mobile and board games and other related media. The Group has an extensive catalog of over 900 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its eleven operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, DECA Games, Gearbox Entertainment, Easybrain, Asmodee Group, Dark Horse Media, Freemode and Crystal Dynamics – Eidos. The Group has 111 internal game development studios and is engaging more than 12,000 employees in more than 40 countries.
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