Embracer spins off Fellowship, becoming two companies

Embracer is a spin-off of Fellowship Entertainment with a planned IPO on the Stockholm Stock Exchange in 2027.

“This separation is about a sharper management focus and clearer accountability,” says the group's chairman, Lars Wingefors.

Starting with the next quarterly report, the group will report through two separate business segments: Fellowship and Embracer.

“I am convinced that this is the right way forward to create long-term value,” says group CEO Phil Rogers.

Embracer released its report for the fourth quarter of the company's broken fiscal year, which covers the period January to March, this morning. Sales decreased by 24 percent year-on-year to SEK 3.9 billion.