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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Q1 2021 Embracer Group AB Earnings Call Transcript

Aug 13, 2020 / 07:00AM GMT
Release Date Price: $9.03 (+12.81%)
Oscar Erixon
Carnegie Investment Bank AB, Research Division - Financial Analyst

Hello. Welcome to this Q1 presentation with Embracer Group. We have CEO and Founder, Lars Wingefors, with us here today, back in Stockholm. We also have CFO, Johan, here with us. And I do expect some people to join us also from video links around the world and Europe.

So very strong Q2 -- Q1 results here today and 8 acquisitions. So we look forward to hearing more about that. Please go ahead, Lars.

Lars Wingefors;publ;Founder
Embracer Group AB;CEO & Director

()- -

Thank you very much, Oscar. And hello, and welcome, everyone. I'm really glad to be on this stage again, as usual, and to have our first meetings after a summer, and I'm really glad to report another stable quarter.

The net sales growth during the quarter was 81% to a bit over SEK 2 billion. I'm even more glad to see that the net sales in the Games business areas increased 153% to more than SEK 1.6 billion.

And the profitability also increased even

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