THQ

THQ Nordic Q4 2018 Interim Report

The THQ Nordic Q4 2018 Interim Report details a period of significant financial expansion and strategic growth for the gaming group.

• THQ Nordic experienced massive financial growth in 2018, with Q4 net sales reaching SEK 1,381 million (a 441% year-over-year increase) and full-year sales hitting SEK 4,124 million (a 713% increase).
• The company reported a Q4 EBITDA of SEK 326 million, reflecting an EBITDA margin of 24%.
• The group adopted 'Operational EBIT' as a new primary KPI to better reflect underlying performance by excluding acquisition-related amortization costs.

THQ Nordic AB Interim Report: 1 January - 31 December 2018

THQ Nordic AB achieved transformative growth during the 2018 fiscal year, fundamentally reshaping its market position through aggressive acquisitions and a diversified operational strategy.

• THQ Nordic AB achieved 713% year-over-year growth in net sales, reaching SEK 4,123.6 million for the 2018 fiscal year.
• Operational EBIT increased by 139% to SEK 484.0 million, resulting in a total net profit of SEK 293.8 million.
• The company executed a major expansion strategy through the acquisitions of Koch Media, Coffee Stain, and Bugbear.

THQ Nordic AB Acquires Coffee Stain: Investor Presentation

THQ Nordic AB acquired the Coffee Stain Group in November 2018 to bolster its portfolio of intellectual property and expand its publishing capabilities.

• THQ Nordic AB acquired Coffee Stain Group in November 2018 for an upfront payment of SEK 392 million, with potential earn-outs of up to SEK 535 million tied to performance targets through 2023.
• Coffee Stain operates as an independent unit under its own brand, maintaining its existing creative autonomy and management team led by CEO Anton Westbergh.
• The acquisition adds nine intellectual properties to THQ Nordic’s portfolio, most notably the 'Goat Simulator' franchise, which has achieved over 14 million units in sales.

THQ Nordic Q3 2018 Interim Report

The THQ Nordic Q3 2018 interim report details a period of aggressive expansion and significant financial growth for the company.

• THQ Nordic achieved net sales of SEK 1,273 million in Q3 2018, representing a 1,403% increase year-over-year.
• EBITDA grew 521% to SEK 215 million, while EBIT rose 278% to SEK 91 million compared to the same period in 2017.
• The company holds a development pipeline of 55 total projects, comprising 20 announced titles and 35 unannounced projects.

THQ Nordic Interim Report: 1 January - 30 September 2018

THQ Nordic experienced a period of transformative growth during the first nine months of 2018, characterized by aggressive corporate expansion and a substantial increase in operational scale.

• Net sales for the first nine months of 2018 surged to SEK 2,743 million, a significant increase from the SEK 252 million recorded during the same period in 2017.
• Third-quarter net sales grew by 1,403% to SEK 1,272.7 million, while EBIT increased by 278% to SEK 90.8 million.
• The company significantly scaled its operations through the acquisitions of Koch Media and HandyGames, resulting in a portfolio of over 400 products and 55 active development projects.

THQ Nordic Q2 2018 Interim Report

The THQ Nordic Q2 2018 interim report details a period of significant financial expansion and strategic growth for the gaming group.

• THQ Nordic achieved net sales of SEK 837 million in Q2 2018, an 878% year-over-year increase driven by the consolidation of Koch Media.
• EBITDA rose 421% year-over-year to SEK 207 million, supported by a dual-segment business model encompassing internal game development and partner publishing.
• The company raised SEK 1,448 million through a June 2018 share issue and secured €85 million in new credit facilities to fund future acquisitions of IP and studios.

THQ Nordic AB Interim Report: 1 January - 30 June 2018

THQ Nordic AB experienced a period of transformative growth during the first half of 2018, characterized by aggressive expansion and a fundamental shift in its operational scale.

• THQ Nordic AB reported a 778% surge in net sales to SEK 1,470.4 million for the first half of 2018, driven primarily by the acquisition of Koch Media.
• EBIT increased by 157% to SEK 159.8 million during the six-month period ending June 30, 2018.
• The company raised SEK 1,448 million through a directed share issue of 7.7 million Class B shares to fund its development pipeline and operational infrastructure.

THQ Nordic Interim Report: 1 January - 31 March 2018

THQ Nordic achieved substantial financial expansion during the first quarter of 2018, characterized by a 673 percent increase in net sales to SEK 633 million compared to the same period in the previous year.

• THQ Nordic reported a 673% increase in net sales to SEK 633 million for Q1 2018, driven primarily by the acquisition and consolidation of Koch Media.
• The company achieved an operating profit of SEK 107.3 million and a net profit of SEK 81.1 million during the first quarter of 2018.
• THQ Nordic maintains a development pipeline of 54 active projects, consisting of 19 publicly announced titles and 35 unannounced projects.

THQ Nordic Annual Report 2017

THQ Nordic experienced a transformative fiscal year in 2017, characterized by aggressive expansion and a refined focus on intellectual property acquisition.

• THQ Nordic acquired Koch Media in early 2018 for an enterprise value of EUR 121 million, significantly expanding its portfolio with major franchises including Saints Row, Dead Island, and Metro.
• The company achieved net sales of SEK 507.5 million and an operating profit of SEK 188.2 million in 2017, yielding a strong EBIT margin of 37 percent.
• By the end of 2017, the company managed a portfolio of 91 franchises and maintained a pipeline of 36 active development projects.

THQ Nordic AB (publ) Acquires Koch Media: Investor Presentation

THQ Nordic AB’s acquisition of Koch Media, finalized in February 2018 for a total consideration of EUR 121 million, serves to significantly scale the company’s European presence and intellectual property portfolio.

• THQ Nordic acquired Koch Media in February 2018 for a total consideration of EUR 121 million, paid via EUR 82 million in cash, EUR 9.5 million in shares, and the assumption of debt-free liabilities.
• The acquisition significantly expands THQ Nordic’s portfolio to 106 intellectual properties, including major franchises such as Saints Row, Dead Island, and a long-term exclusive license for the Metro series.
• The combined entity operates with 10 internal development studios, 26 external studios, and a total workforce of 1,643 employees.

THQ Nordic Q4 2017 Interim Report

THQ Nordic experienced substantial financial growth during the fourth quarter of 2017, characterized by a 99% increase in net sales and a 102% rise in EBIT compared to the same period in 2016.

THQ Nordic AB Year-End Report: 1 January - 31 December 2017

THQ Nordic achieved substantial financial expansion throughout the 2017 fiscal year, characterized by a 99 percent increase in fourth-quarter net sales to SEK 255 million and an annual net sales total of SEK 507.5 million.