Remedy: AW2 sales figures fell short of our overly optimistic expectations
Friday's sales figures for Alan Wake 2 show that the game is off to a good start and is Remedy's fastest selling game to date. However, following very positive critical reviews, we expected an even faster start and have now revised our overly optimistic forecasts downwards.
Remedy Entertainment is a game developer. Its operations are primarily focused on the development of action games, with a particular focus on 3D technology. Examples of games that the company has developed include several different versions of Alan Wake, Max Payne, and Control. Remedy also develops its own game engine and tooling technology that powers many of its games. The company was founded in 1995 and is headquartered in Espoo, Finland.
Read more on company pageKey Estimate Figures18.02.2024
| 2022 | 23e | 24e | |
|---|---|---|---|
| Revenue | 43.6 | 33.9 | 51.1 |
| growth-% | -2.5 % | -22.2 % | 50.8 % |
| EBIT (adj.) | -0.6 | -28.7 | -6.2 |
| EBIT-% (adj.) | -1.3 % | -84.6 % | -12.1 % |
| EPS (adj.) | -0.13 | -1.71 | -0.36 |
| Dividend | 0.10 | 0.10 | 0.10 |
| Dividend % | 0.5 % | 0.7 % | 0.7 % |
| P/E (adj.) | neg. | neg. | neg. |
| EV/EBITDA | 126.5 | neg. | neg. |
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