this post was submitted on 22 Apr 2024
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Embracer Group announces its intention to transform into three standalone publicly listed entities at Nasdaq Stockholm - Embracer Group (embracer.com)
submitted 7 months ago by iusearchbtw@lemm.ee to c/games@sh.itjust.works
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cross-posted from: https://lemm.ee/post/30066799

Embracer Group announces its intention to transform into three standalone publicly listed entities at Nasdaq Stockholm - Embracer Group

INSIDE INFORMATION: The Board of Directors of Embracer Group AB (“Embracer Group”) today announces a transformative step for value creation through a separation of the group into three market-leading games and entertainment companies: Asmodee Group, “Coffee Stain & Friends”[1] and “Middle-earth Enterprises & Friends”[1]. The three entities will be separate, publicly listed companies, enabling each entity to better focus on their respective core strategies and offer more differentiated and distinct equity stories for existing and new shareholders. This will enable the entities to unlock value in the high-quality assets of Embracer Group following the successful completion of the restructuring program.

The three separate publicly listed entities are expected to consist of:

  • Asmodee, a global leading tabletop games publisher and distributor with an extensive studio network and IP catalogue.
  • Net Sales of SEK 14.8 billion and Adjusted EBIT of SEK 1.9 billion on a pro forma basis as per LTM[2] December 2023
  • “Coffee Stain & Friends”, a diverse gaming entity with a dual focus on indie and A/AA premium and free-to-play games for PC/console and mobile, with a high degree of recurring revenues.
  • Net Sales of SEK 10.9 billion, Adjusted EBIT of SEK 2.8 billion on a pro forma basis as per LTM December 2023.
  • “Middle-earth Enterprises & Friends”, a creative powerhouse in AAA game development and publishing for PC and console, as well as the stewards of The Lord of the Rings and Tomb Raider intellectual properties, among many others.
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[–] Zoomboingding@lemmy.world 2 points 7 months ago* (last edited 7 months ago) (1 children)

Coffee Stain and Middle Earth are some really strange names to land on considering Embracer's massive IP holdings. Is the Goat Sim developer really expected to be the face of their F2P and """indie""" games? Middle Earth will now be associated with the biggest AAA conglomerate?

EDIT: ah the final names are still TBD

[–] alilbee@lemmy.world 4 points 7 months ago

To be fair, Coffee Stain would likely be better known as the publishers of Satisfactory, Deep Rock Galactic, and Valheim instead of Goat Sim (lol), but your point stands.