GamingEmbracer debt reduced to $1.4 billion as restructure continues
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Embracer has released its latest financial results, as well as an update on the restructuring programme that has led to mass layoffs and various studio closures.
For the three months ended September 30, the company reported net sales had risen 13% year-on-year to SEK 10.8 billion ($1 billion). Meanwhile, its net debt has been reduced to SEK 14.6 billion ($1.4 billion), marking a 31% improvement on where it stood at the same point last year.
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