The financial indicators of Embracer Group grew up in the 1st quarter, the Lord of the Rings “is significantly ahead of the” business plan
Embracer Group revealed financial indicators for the first quarter of the 2023 financial year. The published report covers the period from April to June and shows the total growth of net sales Embracer by 47%. This growth is primarily due to a 74 percent increase in sales of computer and console games, as well as a 20 percent jump in the sales of board games and overwhelming 173 percent growth of sales in the section "Entertainment and services".
Embracer explains this jump in that it was due "high revenue from licensing "The Lord of the Rings", IS, which, as the group previously stated, she wants to use more actively.
According to representatives of Embracer, "Lord of the Rings" "Significantly a business plan is ahead", developed a year ago, when the group only acquired this right.
Embracer notes that projects for "The lord of the rings", The development craft for the survival of Return To Moreia are games that are "will contribute to the further development of".
It is noteworthy that the Embracer report is not mentioned by The Lord of the Rings: Gollum, probably because it was accepted so badly that, according to some reports, it forced the developer Daedalic Entertainment to close its development unit.
As for the Games for PCs and CONSOLES, Embracer notes the success of the game Remnant 2, which in the first few days after the release dispersed a million copies.
In addition, the company calls the Jagged Alliance 3 tactical role and the long -awaited Dead Island 2 as factors that contribute to success in the first quarter, and also expects several large releases, including Warhammer 40k: Space Marine 2, Payday 3 and Alone in the Dark.
As for the board games, according to Embracer, the company Asmodee (which, perhaps, is its largest desktop property) provided "9% organic growth" during the quarter, and it is expected that it will make a positive contribution to the rest of the first half of the 2023 financial year.
Embracer also stated that her "Restructuring program" goes according to plan, which will reduce the group’s net debt and save on overhead costs.
The group admits that several restructuring were dismissed "talented and enthusiastic team members", but confirms that he is trying "Give colleagues the opportunity to switch to other projects", Where is it possible.
Restructuring was probably caused by the fact that in May it broke "Revolutionary strategic partnership", in which Embracer was supposed to receive an investment of $ 2 billion.