Asmodee Group AB delivers strong first‑quarter results for FY27
Asmodee Group AB announced its financial performance for the first quarter of fiscal year 2027 on 4 August 2026. The company reported a 21 % increase in sales and a margin expansion of 330 basis points. Adjusted EBIT for the quarter rose to €54.1 million, surpassing the estimated €43.8 million, and the company achieved double‑digit growth in both board‑game and collectible‑card segments.
Key financial highlights
| Metric | Value | Comparison |
|---|---|---|
| Sales growth (Q1 FY27) | +21 % | Exceeds market expectations |
| EBIT margin expansion | +330 bp | Indicates improved cost control |
| Adjusted EBIT | €54.1 million | Above consensus estimate of €43.8 million |
| Organic sales growth | +14 % | Consistent with long‑term strategy |
Market reaction
Following the earnings announcement, Asmodee shares rose sharply. The stock reached a new 52‑week high of SEK 125.16, surpassing the previous peak of SEK 125.08. The share price closed at SEK 121.5 on 23 September 2025, reflecting continued investor confidence.
Strategic context
The results were delivered in the context of a broader market rally. The Swedish Stock Exchange opened higher on 4 August 2026, with the OMXS30 index rising by 1.07 % to 3 309.37. The positive sentiment was reinforced by other notable gains, including Volvo Cars’ decline being offset by Asmodee’s strong performance, which helped lift the index by 1.0 %.
Analysts from Pareto and Ålandsbanken reiterated a buy recommendation for Asmodee, setting a target price of SEK 175 after the quarter’s performance. The company’s ability to maintain robust growth in both board‑game and collectible‑card markets aligns with its strategy to expand its portfolio and strengthen its position as a leading developer and publisher in the consumer‑discretionary sector.
Outlook
Asmodee’s management confirmed that the company expects continued growth in the board‑game and card‑game segments. The firm remains focused on expanding its global customer base and leveraging its intellectual property to drive future revenue streams. The positive first‑quarter results suggest that the company is well positioned to sustain its growth trajectory in the coming quarters.
