Dear Shareholders,
I have been following the events of the past weeks very closely. As a human being, citizen of the world and leader of a global business built on principles of freedom, humanity and openness, I want to say that I am deeply saddened and worried about the current inhumane and aggressive war and implications for everyone. The stories that have been shared with me by our employees over the past weeks are heartbreaking.
Our first priority right now is to provide the safety of our staff and their families.
By the end of 2021 we engaged approximately 250 people in
We now estimate that we will dedicate at least
We have received hundreds of questions the past weeks, from shareholders, analysts, media, and other stakeholders. Those of you who have been a part of the Embracer family for some time know that I normally prefer full transparency, but unfortunately, this time, there are many questions we can't answer without putting our employees and their families in danger. We closely monitor and assess the situation to understand how we can provide support during these very difficult times.
Furthermore, at this stage, many questions simply do not have clear answers in this challenging, evolving, and complex situation. I want to reassure you that we are doing everything we can for our great people and our business, and of course, we continue to comply with relevant sanctions, laws, and regulations. As always, when we have information that may have a significant impact on the share price, we will make it public immediately according to applicable rules and regulations.
The employees in the affected regions mainly do game development or related support services. Publishing and intellectual properties are owned and managed by companies outside the region. We do not have significant assets in these territories other than invaluable human resources. Embracer does not have any direct consumer sales in
I really appreciate, and I am humbled by, the support expressed by our long-term shareholders, industry peers and friends over the past weeks. Your support and trust are crucial in this difficult situation. We are confident that we will get through this crisis, stronger and more unified as a company than ever before.
Group CEO,
For additional information, please contact:
Emma Ihre, Head of sustainability
+46 730 84 09 36
Emma.ihre@embracer.com
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https://news.cision.com/embracer-group-ab/r/update-on-the-situation-due-to-the-war-in-ukraine,c3525667
https://mb.cision.com/Main/15049/3525667/1548965.pdf
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