Asmodee

Third quarter, October-December 2024

• Net sales amounted to EUR 429.0 million (385.4), an increase of 11.3%, of which 12.9% relates to organic growth.
  • Games published by Asmodee studios increased by 29.1%.
  • Games published by partners increased by 4.8%.
  • Others decreased by -32.0%.
• Adjusted EBITDA amounted to EUR 89.3 million (80.0), corresponding to an adjusted EBITDA margin of 20.8%, (20.7).
• EBIT amounted to EUR 37.4 million (48.2), including costs related to the listing of EUR -28.6 million. Adjusted EBIT amounted to EUR 82.9 million (71.2).
• Profit for the quarter amounted to EUR 3.5 million (-5.3), which equates to basic earnings per share of EUR 0.02 (-0.06).
• Free cash flow after tax and capitalized lease payments amounted to EUR 72 million.
• Net debt/EBITDA amounted to 3.6x and 4.2x before and after M&A commitments respectively.
• For the FY 24/25, net sales are expected to grow at low-single-digit while the adjusted EBITDA margin as well as the adjusted EBIT margin are expected to be broadly in line with the previous year.
• Asmodee issued EUR 940 million of senior secured notes, replacing the EUR 900 million bridge facility.
• On November 19, 2024 Asmodee hosted a Capital Markets Day in Stockholm.

Material events after the end of the reporting period

• Asmodee received a EUR 400 million capital injection from Embracer Group. Adjusted for this, Net debt/ EBITDA would have amounted to approximately 2.0x and 2.5x before and after M&A commitments.
• Asmodee initiated the repayment of EUR 300 million of gross debt relating to outstanding bonds.

Time for webcast and teleconference
Wednesday February 12 at 9:00 a.m. CET

Participation options:

Webcast: If you wish to participate via webcast please use the link below. Via the webcast you are able to ask written questions.
https://asmodee.events.inderes.com/q3-2024-25/register

Teleconference: If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. https://events.inderes.com/asmodee/q3-2024-25/dial-in

The information was submitted for publication, through the agency of the contact person set out below, at 7:00 a.m. CET on February 12 2025.