Embracer Group full-year sales rise to $3.9bn, but $1.5bn debt remains
Embracer has released its full-year financial results, showing a rise in overall sales despite a slow final quarter.The company reported net sales of SEK 42.2 billion ($3.9 billion) for the full fiscal year, a rise of 12% year-on-year. Sales for the three months ended March 31, 2024 came in at SEK 8.9 billion ($830.9 million), down 5% compared to the same period last year.The group's debt stands at SEK 16.4 billion ($1.53 billion), compared to SEK 15.6 billion ($1.46 billion) at this time in 2023. Speaking to GamesIndustry.biz last month, CEO Lars Wingefors explained that tabletop leader Asmodee is expected to clear most of this debt. Read more
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