Analysts and Estimates

The estimates presented are delivered from Infront and based on predictions made by analysts who cover Embracer Group. We would like to point out that these analysts' estimates, forecasts, or opinions are theirs alone and do not represent Embracer Group or its management. This means that Embracer Group cannot guarantee and does not take responsibility for the information being correct, complete and up to date.


Company NamePhoneMail
Berenberg Benjamin May+44 20 346 52
BernsteinMatti Littunen+44 207 170 50
Pareto SecuritiesJoakim
RedeyeTomas Otterbeckn/
ABG Sundal CollierSimon Jönsson+46 8 566 286
CitiThomas A Singlehurst+44 20 7986
Kepler CheuvreuxMathias Lundberg+46 73 053 26
Goldman Sachs InternationalAlexander Duval +44(20)7552-2995
HSBC Bank plcAli Naqvi
DNB Bank ASAMartin Arnell
Exane BNP ParibasNicolas
BofA SecuritiesChirag Vadhia+44 (0) 20 7996 1050
SEBJesper Birch-Jensen +46 8 763 70 39
Danske BankJacob Edler+46 8-568 805
NordeaMarlon Vä
Raiffeisen Bank Jakub

Note: Redeye is commissioned by Embracer Group.

Consensus Estimates


Number of contributors: 15

Consensus recommendation

Buy 10
Sell 1

Note: The commissioned research analyst, Redeye do not have any buy, hold, or sell recommendation


Estimates are continually updated by Infront.
The consensus estimates show the median value.


Operational D&A: Depreciation and amortization less M&A-related D&A.
M&A-related D&A: Depreciation and amortization relating to acquisitions.
Operational EBIT: EBIT excluding M&A-related D&A.


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 catalogue of over 850 owned or controlled franchises.

With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its ten operative groups: THQ Nordic, Koch Media, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, and Dark Horse. The Group has 119 internal game development studios and is engaging more than 12,500 employees and contracted employees in more than 40 countries.