Profit Fall for Embracer

Published:

Profit Fall for Embracer
Photo: Jessica Gow/TT

Embracer reports an adjusted operating result of 1.2 billion kronor for the third quarter of the broken financial year, ending in December. This is a profit decrease of 11 percent compared to the corresponding quarter a year earlier.

Net sales during the quarter fell to 7.36 billion kronor, down from 7.62 billion.

"The spin-off of Asmodee has been successfully completed and the separately listed company is now traded on Nasdaq Stockholm. With a net cash position on a pro forma basis of approximately 5 billion SEK per Q3, we are intensifying our work to optimize the distribution of companies and assets, as part of our next spin-off", the company writes in the report.

Loading related articles...

Author

TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...