Redeye: Embracer - Solid capex reduction support positive cash flow outlook
Redeye updates on Embracer after Q1-results which were overall close to our forecast, albeit with soft performance in PC/Console. The company saw solid capex reduction and while we slightly lower our forecasts we expect continued improvement of cash flow in the coming quarters.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/