The war in Ukraine: our parent company Embracer Group is dedicating USD 5 million into humanitarian aid

From the memo by Lars Wingefors, Group CEO of Embracer Group AB:

“I believe that humanitarian aid is one of the best investments we can make in the given situation. If we fail to act with compassion and humanity, we will fail as a business and an employer. I am proud of the unprecedented actions taken across our companies to aid those affected by the crisis.
We now estimate that we will dedicate at least USD 5 million into humanitarian aid across the group during the quarter ending March 31, which will equally lower our Operational Ebit in the period. In addition, many of our employees are contributing further funds and resources to humanitarian aid.”
You can read the entire text here.