Embracer Group: Q2’23/24 – Stronger than expected

Research Note

2023-11-16

08:17

Redeye comments on Embracers Q2 2023/24 report, showing stronger sales and Adj EBIT than expected. Both operating and underlying free cash flow improved in the quarter, and the company is ahead of plan on its restructuring program. In addition, Embracer reiterates its FY 2023/24e guidance.

VL

TO

Viktor Lindström

Tomas Otterbeck

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