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Embracer Group AB ( ($SE:EMBRAC.B) ) has issued an update.
Embracer Group AB has announced its plan to list its subsidiary, Coffee Stain Group AB, on Nasdaq First North Premier Growth Market in Stockholm, aiming for completion by December 2025. Coffee Stain will be left with a strong financial position, including a pro-forma net cash position of SEK 500 million, enabling it to invest in its game portfolio and pursue mergers and acquisitions, while also returning surplus capital to shareholders in line with its dividend policy.
The most recent analyst rating on ($SE:EMBRAC.B) stock is a Buy with a SEK122.00 price target. To see the full list of analyst forecasts on Embracer Group AB stock, see the SE:EMBRAC.B Stock Forecast page.
More about Embracer Group AB
Embracer Group AB is a prominent player in the gaming industry, primarily focused on developing and publishing video games. The company is known for its diverse portfolio of game studios and intellectual properties, with a strategic emphasis on sustainable growth and value creation through mergers and acquisitions.
YTD Price Performance: -10.49%
Average Trading Volume: 740,112
Technical Sentiment Signal: Sell
Current Market Cap: SEK20.14B
For an in-depth examination of EMBRAC.B stock, go to TipRanks’ Overview page.