The program will lower our net debt significantly. It will enable us to meet the worsening economy and market reality as a strong company and it will fundamentally change our prioritization of growth with raised capital towards optimization and growth based on our own cashflows. The program presented today will transform us from our current heavy-investment-mode to a highly cash-flow generative business this year. We have acquired some of the world’s leading entertainment IP and we have invested into one of the largest pipelines of games across the industry. I want to share some background and context to this decision – and what it means for us going forward.ĭuring the past years, Embracer invested significantly both in acquisitions and into a strategy of accelerated organic growth. This morning we announced a restructuring program across the Embracer Group that will make us a leaner, stronger and a more focused, self-sufficient company. Open letter by Embracer Group CEO on restructuring program Across the group, we are now initiating multiple actions to strengthen our cash flow generation and leverage our portfolio of IPs to become a stronger company and setting out on a stable future to build even greater games to the benefit of gamers and fans across the globe ”, says Lars Wingefors, CEO and co-founder of Embracer, who also penned an open letter accompanying the revealed plans. “ Today we announce a comprehensive restructuring program that will enable us to realize untapped potential in Embracer Group and better optimize the use of our resources.
It does mention that it aims to “maintain creative freedom” as part of its new, more comprehensive and centralised investment and review processes, at least. It’s essentially moving from full-steam investment mode to a total focus on cash-flow. DOWNLOAD THE FREE DEMO AND PRE-ORDER NOWĮmbracer is doing this in an attempt to move toward a leaner, more integrated structure, and seems to be looking towards backing bigger and more commercially viable projects over the more liberal and scattershot approach it’s had to date. VIDEO PRESENTED BY FINAL FANTASY XVI: COMING EXCLUSIVELY TO PLAYSTATION 5 ON JUNE 22ND.