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Research

Remedy: Waiting for AW2 sales figures with a positive view

By Atte RiikolaAnalyst
01.11.2023, 09.02
Remedy Entertainment
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Remedy's Q3 report did not yet provide any information on preliminary sales figures for Alan Wake 2. However, the game's excellent reception by critics and players alike creates a strong foundation for good sales success and also strengthens Remedy's long-term prospects in many ways. The market is already pricing in good success of future games, for which the reception of AW2 also provided good grounds. As such, we will follow the sales performance of AW2 with a positive view on the stock.

Remedy Entertainment

27.95 EUR31.10.2023, 18.00
30.00 EUR
Target price
Accumulate
Changed from:Accumulate
Recommendation updated:31.10.2023

Remedy Entertainment is a game developer. The business is primarily focused on the development of action games, with a particular focus on 3D technology. Examples of games developed by the company include several different versions of Alan Wake, Max Payne, and Control. Remedy also develops its own game engine and utility technology that powers many of the games. The company was founded in 1995 and has its headquarters in Espoo.

Read more on company page

Key Estimate Figures31.10.2023

202223e24e
202223e24e
Revenue43.631.872.5
growth-%-2.5 %-27.0 %127.8 %
EBIT (adj.)-0.6-20.319.9
EBIT-% (adj.)-1.3 %-63.6 %27.5 %
EPS (adj.)-0.13-1.211.18
Dividend0.100.100.10
Dividend %0.5 %0.7 %0.7 %
P/E (adj.)neg.neg.11.6
EV/EBITDA126.5neg.6.0
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