Dead Island 2
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Documents about Dead Island 2
Embracer Group Q3 Interim Report FY 2023/24
Embracer Group's Q3 FY 2023/24 interim presentation (quarter ended December 31, 2023) reports record quarterly net sales of SEK 12,050 million, up 4% year over year, though organic growth was -4% and pro forma growth -2%.
- Embracer Group reported Q3 net sales of SEK 12,050 million (up 4% YoY) and an adjusted EBIT of SEK 2,150 million (up 7% YoY), though organic growth declined by 4%.
- The company is unlikely to meet its target of reducing net debt to below SEK 8 billion by March 31, 2024, despite ongoing divestment efforts.
- Restructuring efforts resulted in a headcount reduction of 483 employees during the quarter as part of a broader strategy to decrease capital and operating expenditures.
Embracer Group Q1 Interim Report: FY 2023/24
Embracer Group's Q1 FY 2023/24 interim report (April–June 2023) shows a strong start to the year, with net sales of SEK 10,450 million, up 47% year over year, including 20% organic and 17% pro forma growth.
- Embracer Group is executing a restructuring program targeting SEK 2.9 billion in annual capital expenditure savings and SEK 0.8 billion in annual overhead savings by the end of the 2024/25 fiscal year.
- The company aims to reduce net debt to below SEK 8.0 billion by the end of the 2023/24 fiscal year through project consolidation and a new group-wide investment greenlighting process.
- Q1 net sales reached SEK 10,450 million, a 47% year-over-year increase, while adjusted EBIT rose 27% to SEK 1,673 million.
Embracer Group Interim Report: Q4 FY 22/23
Embracer Group experienced a period of significant financial volatility during the fourth quarter of the 2022/2023 fiscal year, characterized by substantial annual growth tempered by a major downward revision to future earnings guidance.
- Embracer Group lowered its FY 2023/2024 adjusted EBIT guidance to SEK 7,000–9,000 million following the collapse of a $2 billion strategic partnership and the delay of several high-profile titles.
- Full-year net sales for FY 22/23 surged 121% to SEK 37,655 million, while adjusted EBIT grew 43% to SEK 6,366 million.
- The company reduced future earnout obligations by SEK 3,088 million, improving financial flexibility and maintaining debt covenant compliance despite a 14% year-over-year decline in Q4 adjusted EBIT.
Embracer Group Q4 & Full Year Report FY 2022/23
Embracer Group’s fiscal year 2022/23 was defined by aggressive expansion and structural transformation, resulting in a 121% increase in net sales to SEK 37.7 billion.
- Embracer Group reported a 121% increase in net sales to SEK 37.7 billion for FY 2022/23, driven by major acquisitions including Asmodee, Dark Horse Media, and Limited Run Games.
- The company revised its FY 2023/24 Adjusted EBIT forecast downward to SEK 7–9 billion following project delays and the collapse of a $2 billion strategic partnership.
- Despite annual net profits of SEK 4,462 million, the company recorded a quarterly EBIT loss of SEK 95 million, highlighting volatility in its current business model.
THQ Nordic AB (publ) Acquires Koch Media: Investor Presentation
THQ Nordic AB’s acquisition of Koch Media, finalized in February 2018 for a total consideration of EUR 121 million, serves to significantly scale the company’s European presence and intellectual property portfolio.
- THQ Nordic acquired Koch Media in February 2018 for a total consideration of EUR 121 million, paid via EUR 82 million in cash, EUR 9.5 million in shares, and the assumption of debt-free liabilities.
- The acquisition significantly expands THQ Nordic’s portfolio to 106 intellectual properties, including major franchises such as Saints Row, Dead Island, and a long-term exclusive license for the Metro series.
- The combined entity operates with 10 internal development studios, 26 external studios, and a total workforce of 1,643 employees.
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