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Embracer Group - Q1 2023/24e preview

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Embracer Group - Q1 2023/24e preview

2023-07-14 07:30:00

Redeye provides a preview ahead of Embracer Group’s Q1 2023/24e report, due on 17 August. We forecast a solid quarter driven by the PC/console segment. However, on the back of the recent restructuring initiatives (closure of game studios), directed issue, and a higher WACC from changes made in the Redeye rating model, we lower our estimates and valuation.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/