Embracer Group, including all its operative groups, is monitoring the development of covid-19 closely and act accordingly. The Group is working hard on adapting operations to the current situation and aligning to authority recommendations and government requirements. For Embracer Group, safety, security, and peace-of-mind of employees and co-workers is the primary concern, and actions are being taken to limit further spread of the virus in society. Travel bans and meeting restrictions have been implemented worldwide in the Group. The current situation is unpredictable, and despite the measures taken, the risk of future disruption can not be ruled out.
Covid-19 impacts on Embracer Group in short
"The Covid-19 crisis challenges us all. I am truly impressed and thankful to all our hardworking employees around the world, committed to keeping our business going in these challenging times. The health of our employees is very important to me and it is my number one priority. Whilst the economic turmoil will affect all businesses including ours, the games industry is in a solid state due to the fact that our products and services entertain people at home. I want you to know the group stands on a solid financial position with a healthy cash position.” comments Lars Wingefors, co-founder and Group CEO.
Group Net Sales performance during the quarter ending 31 March 2020
Strategy, M&A and Pipeline
This press release is published due to the unprecedented global circumstances. Embracer Group does not intend to provide this kind of updates on a regular basis. As previously announced, the Group will present the full results for the financial year ending 31 March 2020 on 20 May 2020.
Embracer Group invites to a teleconference for investors, analysts and media today, Monday, April 6, 2020, at 10:30 am (CET) about this press release.
A presentation will be held in English by CEO Lars Wingefors, after which questions will be invited.
Date: 6 April, 2020
Time: 10:30-11:00 (CET)
Link to live stream: https://tv.streamfabriken.com/2020-04-06-press-conference
Participants from Sweden, please call in on: +46 8 50 55 83 59
From the UK: +44 33 33 00 92 71
From the US: +1 84 46 25 15 70
Please dial in a few minutes before the presentation begins. To participate, please state your first, last and company name. For questions during Q&A press 01.
This information is such information Embracer Group AB is obliged to make public in accordance with the (EU) Market Abuse Regulation 596/2014. The information in this press release has been made public through the agency of the responsible person set out below for publication at the time stated by Embracer Group’s news distributor Cision at the publication of this press release. The responsible person below may be contacted for further information.
For more information, please contact:
Lars Wingefors, Co-founder and Group CEO Embracer Group AB (publ)
Tel: +46 708 47 19 78
About Embracer Group:
Embracer Group is the parent company of businesses developing and publishing PC and console games for the global games market.
The Group has an extensive catalogue of over 160 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest and World War Z, amongst many others. With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its five operative groups: THQ Nordic GmbH, Koch Media GmbH/Deep Silver, Coffee Stain AB, Amplifier Game Invest and Saber Interactive. The Group has 31 internal game development studios and is engaging more than 3,500 employees and contracted employers in more than 40 countries.
Embracer Group's shares are publicly listed on Nasdaq First North Stockholm under the ticker EMBRAC B with FNCA Sweden AB as its Certified Adviser; email@example.com +46-8-528 00 399.
For more information, please visit: http://www.embracer.com
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 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. The Group has 139 internal game development studios and is engaging more than 16,500 employees in more than 40 countries.