Helsvenska spelinvestorn Embracer har ju som vi rapporterat om (i omgångar) haft en hel del problem med skulder och kassaflöden vilket fått deras aktie att sjunka som en sten, något som under det senaste året lett till att man stängt flertalet namnstarka studios och kickat tusentals och åter tusentals spelutvecklare. I och med bolagets finansrapport för räkenskapsåret 2023 kan vi nu se att man lagt ned 80 spel som varit under utveckling, stängt hela 44 studios och kickat 4 532 anställda vilket är exakt 28% av den sammanlagda arbetsstyrkan.
Saxat ur Embracers pressrelease:
"In Q4, we delivered Net sales of SEK 8.9 billion and a strong improvement in both earnings and cash flows. Adjusted EBIT grew by 56% YoY to SEK 1.4 billion with a free cash flow of SEK 0.5 billion, despite a negative SEK 0.5 billion EBITDAC contribution from divested assets. Mobile Games saw continued strong earnings momentum and Asmodee successfully released Star Wars™: Unlimited, building a strong foundation for the continued roll-out plan of the game. We expect a similar Adjusted EBIT performance in FY 2024/25 as in the past financial year with a materially improved free cash flow and EBITDAC. The restructuring program is now successfully finalized as of 31 March and the processes to transform into three separate publicly listed companies are tracking according to plan.
Over the last year, Embracer has made significant progress in shaping the future of the Group. We have improved the balance between growth and cash flow generation. The divestments of parts of Saber Interactive and Gearbox Entertainment will improve profit margins and cash conversion, and reduce financial leverage, while the subsequent intention to initiate a separation of the group into three separate publicly listed companies, sets a clear strategic direction. For the full year, excluding the contribution from the divested assets, we reached Net sales of SEK 39.7 billion, Adjusted EBIT of over SEK 7.3 billion and EBITDAC of SEK 6.3 billion on a pro forma basis.
In the quarter, Embracer's reported net sales, including divested assets, decreased by -5% YoY to SEK 8.9 billion. Organic growth amounted to -10%, negatively impacted by Entertainment & Services and a soft performance for the recently divested assets within PC/Console Games. Profitability notably improved in Q4, with an Adjusted EBIT of around SEK 1.4 billion, up by 56% YoY." Källa