Embracer Group AB (OTCPK:THQQF)
$ 2.7554 0.0054 (0.2%) Market Cap: 3.64 Bil Enterprise Value: 5.11 Bil PE Ratio: 0 PB Ratio: 0.85 GF Score: 84/100
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Q2 2020 Embracer Group AB Earnings Call Transcript

Nov 14, 2019 / 08:00AM GMT
Release Date Price: $4.17
Lars Wingefors;publ;Founder
Embracer Group AB;CEO & Director

()- -

Thank you, Oscar, and good morning, everyone. I'm really happy to have another stable quarter. Sales was, in total, down 1% due to the performance in Partner Publishing, but what I'm really excited about is the performance of the Games business segment that grew 117% to SEK 816 million in revenues.

Furthermore, we increased our profits, operation EBIT, as defined to -- with 143% (sec) [133%] to SEK 241 million in the quarter. Actually, I realized that we actually made over SEK 1 billion in profit the past 12 months when doing the reporting last night, so that's an achievement for us.

Cash flow was also stable with SEK 285 million from the operating activities. Commenting on the quarter, the quarter was driven by strong release of Wreckfest on console that has been performing and continue to perform well.

Along with that, we had a number of other key revenue drivers. Overall, the back catalog led by the Metro franchise performance in the quarter and the back catalog

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