Embracer Group
Embracer Group, headquartered in Karlstad, Sweden, operates globally through eleven operative groups and manages 111 internal game development studios with over 12,000 employees in more than 40 countries. The Group's extensive catalog includes over 900 franchises, and it focuses on sustainability and long-term value creation through its 'Smarter Business Framework.'
Company Overview
Embracer Group is a globally operative video game and entertainment holding company based in Karlstad, Sweden. The Group operates through eleven distinct operative groups: THQ Nordic, PLAION, Coffee Stain, Amplifier Game Invest, DECA Games, Gearbox Entertainment, Easybrain, Asmodee Group, Dark Horse Media, Freemode, and Crystal Dynamics – Eidos. Embracer Group employs over 12,000 individuals across 111 internal game development studios in more than 40 countries.
Product Portfolio
Embracer Group boasts an extensive product portfolio that includes over 900 owned or controlled franchises. The portfolio features high-profile brands and licensed IPs such as Tomb Raider, The Lord of the Rings, Dead Island, CATAN, Metro, Borderlands, Deus Ex, Biomutant, Duke Nukem, The Umbrella Academy, Darksiders, Deep Rock Galactic, Hellboy, Valheim, Homeworld, Berserk, Saints Row, Satisfactory, Ticket to Ride, Thief, and Tiny Tina Wonderlands. This diverse range of products spans multiple genres and platforms, catering to a wide audience.
Sustainability Initiatives
Embracer Group's sustainability approach is encapsulated in its 'Smarter Business Framework,' which focuses on creating long-term value. The Group has set its first Group-wide sustainability goals, including a 45% reduction in carbon emissions by 2030 compared to the base year 2021/22. Notably, Embracer Group’s sustainability efforts have been recognized with an improved MSCI rating to A and inclusion in the Top-Rated ESG Companies List by Sustainalytics.
Embracer Games Archive
Embracer Group is dedicated to preserving gaming history through its Embracer Games Archive. The archive currently houses over 80,000 games, consoles, and accessories, including rare items like the Magnavox Odyssey console and a complete Game & Watch collection. This initiative underlines the Group's commitment to maintaining the cultural heritage of gaming for future generations.
Financial Performance
In the financial year 2022/23, Embracer Group reported significant growth, with net sales increasing by 121% to SEK 37.7 billion. The adjusted EBIT rose by 43% to SEK 6,366 million. The Group is also undergoing a restructuring program aimed at enhancing cash conversion, improving efficiency, and reducing capital expenditures. The restructuring targets a reduction in financial net debt to below SEK 10 billion by the end of FY 2023/24.