"CEO Lars Wingefors said in the financial report, "As part of the restructuring program, Embracer still has a few larger structured divestment processes ongoing that could strengthen our balance sheet and further reduce capex. "
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"Embracer announced its restructuring plan in June, with CEO Lars Wingefors saying it was to "better optimize the use of our resources." Among its other points, the plan included the points: "The closing of studios and termination of projects, that have not yet been announced and with low projected returns" and "Reduction of investments into external development with greater focus on internal development based on owned or controlled IP."
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"Currently we have a pipeline that consists of 25 AAA games for premium PC and console," Embracer Group chief executive Lars Wingefors announced. "
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