As stated in the Q2 report, published November 17th 2022, the management reduces its forecast for the years FY 2022/23 while we reiterate the forecast for the years FY 2023/24:
Financial year 22/23 – SEK 8,000 to SEK 10,000 million (SEK 9,200 to SEK 11,300 million)
Financial year 23/24 – SEK 10,300 to SEK 13,600 million
The reduced forecast for the financial year 2022/23 reflects a mixed reception to some of the key second quarter PC/console releases, estimated to impact catalog sales in the coming quarters, shifts in the PC/console pipeline (including Dead Island 2) and a more cautious view on the current macroeconomic situation, particularly related to the Mobile Games and Tabletop Games segments. The forecast for the financial years 2022/23 and 2023/24 includes all acquisitions announced as per November 17. It also includes a range of outcomes from partnership- and licensing deals with several industry partners expected to be completed during the financial year 22/23. The forecast is based on scheduled game releases, market and macro conditions, and exchange rates being unchanged from mid-November 2022 conditions.
Embracer Group is a parent company of businesses led by entrepreneurs in PC, console, mobile and board games and other related media. The Group has an extensive catalog of over 850 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its twelve operative groups: THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics - Eidos Montréal. The Group has 132 internal game development studios and is engaging more than 15,731 employees and contracted employees in more than 40 countries.