As expected, Q2 23 sales were down on YoY basis given lack of major new content and termination of publishing agreement for Farming Simulator. Considering solid reception of Plague Tale Requiem, other projects in the pipeline, favourable FX move, and recent MandA we have revised up our estimates (c+4%). Various key initiatives have been implemented in past 18 months and should support solid top line growth and margin improvement supporting improving FCF generation in the mid to long term.
Q2 23 ....
21 Oct 2022
Major releases to support H2 acceleration
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Major releases to support H2 acceleration
- Published:
21 Oct 2022 -
Author:
Langlet Nicolas NL -
Pages:
7
As expected, Q2 23 sales were down on YoY basis given lack of major new content and termination of publishing agreement for Farming Simulator. Considering solid reception of Plague Tale Requiem, other projects in the pipeline, favourable FX move, and recent MandA we have revised up our estimates (c+4%). Various key initiatives have been implemented in past 18 months and should support solid top line growth and margin improvement supporting improving FCF generation in the mid to long term.
Q2 23 ....