Asmodee's interim report October December 2024 : Double digit sales and profit growth

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.

For more information, contact
Nathalie Redmo, Head of Investor Relations, Asmodee
Tel: +46 768 10 22 43
E-mail: [email protected]

Asmodee Corporate Communications team
E-mail: [email protected]

About Asmodee
Asmodee is an entertainment leader specialized in tabletop games, committed to bringing people together through great games and amazing stories. Thanks to its global and passionate workforce of over 2,200 people, players around the world enjoy one of the largest tabletop game IP catalogs with CATAN®, Ticket to Ride®, Dobble/Spot it!®, 7 Wonders, Exploding Kittens® and hundreds more across a variety of digital and physical platforms. With its operational headquarters in France, Asmodee operates across Europe, North America, South America, Asia and Oceania.
Asmodee Group's B shares are publicly listed on Nasdaq Stockholm under the ticker ASMDEE B.
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