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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Embracer Group AB (publ)    EMBRAC B   SE0013121589

EMBRACER GROUP AB (PUBL)

(EMBRAC B)
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Embracer : Gaming group Embracer expands in VR with Vertigo Games acquisition

09/16/2020 | 03:12am EST

Swedish game developer Embracer has agreed to buy Netherlands-based virtual reality (VR) games maker Vertigo Games for 50 million euros ($59.25 million) upfront and a possible additional payment of up to 65 million depending on its performance over the coming years.

"We have been monitoring the VR market over the past years very closely," Klemens Kundratitz, CEO at Embracer subsidiary Koch Media said in a statement on Wednesday.

"We feel that now is the right time to extend our groups activities into this fast-growing market."

The upfront payment consists of 40 million euros in cash and 10 million in newly issued Embracer B-shares.

"Subject to fulfilment of agreed earnings targets and release of certain titles during an up to 10 years period an earn-out consideration of a maximum of EUR 65 million may be paid," Embracer said.

Embracer, which develops and publishes PC, console and mobile games, has seen its share soar 133% this year, boosted by a strong earnings performance and a string of gaming studio acquisitions.

($1 = 0.8440 euros)

(Reporting by Johannes Hellstrom)


© Reuters 2020
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Financials
Sales 2021 8 744 M 1 014 M 1 014 M
Net income 2021 371 M 43,1 M 43,1 M
Net cash 2021 6 313 M 732 M 732 M
P/E ratio 2021 187x
Yield 2021 -
Capitalization 74 184 M 8 613 M 8 601 M
EV / Sales 2021 7,76x
EV / Sales 2022 6,24x
Nbr of Employees 2 585
Free-Float 62,1%
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Technical analysis trends EMBRACER GROUP AB (PUBL)
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 218,63 SEK
Last Close Price 176,15 SEK
Spread / Highest target 41,9%
Spread / Average Target 24,1%
Spread / Lowest Target 10,1%
EPS Revisions
Managers
NameTitle
Lars Eric Olof Wingefors Chief Executive Officer & Director
Kicki Wallje-Lund Chairman
Per Johan Ekström Chief Financial Officer
Bo Erik Stenberg Director & Deputy Chief Executive Officer
Ulf Hjalmarsson Independent Director
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