Starbreeze appoints board member Juergen Goeldner as interim CEO
Earlier this morning, Starbreeze announced that the Board of Directors have appointed Juergen Goeldner as interim CEO with immediate effect. The company has initiated a recruitment process for a permanent CEO.
With PAYDAY 3 performing below expectations, it is not a huge surprise that the board decided to make a change at the top. Consequently, we considered the news as neutral to the company. Outgoing CEO Tobias Sjögren joined the company in 2021 during a challenging phase of Starbreeze's journey. According to the company, Tobias will be available to Starbreeze for a smooth transition.
Interim CEO Juergen Goeldner has been part of Starbreeze’s board since 2023 and has over 40 years of experience in the gaming industry. His last executive position was as CEO of Focus Home Interactive, a video game developer and publisher based in Paris, France.
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Starbreeze
Starbreeze is a developer, creator, publisher, and distributor of games for PC and console, targeting the global market. With the IP PAYDAY™ as a core, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers. Starbreeze utilizes a ’Games as a Service’-modell, with continuous releases of add-ons and updatates to their games. The majority of operations are in Europe. The company’s headquarters is in Stockholm.
Read more on company pageKey Estimate Figures16.02.
| 2023 | 24e | 25e | |
|---|---|---|---|
| Revenue | 633.5 | 160.4 | 125.8 |
| growth-% | 396.47 % | -74.68 % | -21.60 % |
| EBIT (adj.) | 190.3 | -88.6 | -45.8 |
| EBIT-% (adj.) | 30.04 % | -55.24 % | -36.38 % |
| EPS (adj.) | 0.19 | -0.06 | -0.03 |
| Dividend | 0.00 | 0.00 | 0.00 |
| Dividend % | |||
| P/E (adj.) | 2.47 | - | - |
| EV/EBITDA | 0.78 | 0.30 | 6.37 |
