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. This rapid growth was primarily fueled by the strategic acquisition and subsequent consolidation of Koch Media, which significantly bolstered the company’s market presence. Operating profit rose to SEK 107.3 million, while net profit reached SEK 81.1 million, reflecting the successful integration of new assets and a strong performance across both physical and digital sales channels.

The company’s operational scale expanded in tandem with its financial gains, resulting in a total workforce of 1,720 employees. This human capital is distributed across 536 internal developers, 714 external developers, and 470 staff members dedicated to publishing and overhead functions. This organizational structure supports a robust development pipeline consisting of 54 active projects, of which 19 have been publicly announced and 35 remain in development as unannounced titles.

These results underscore a broader corporate strategy centered on long-term value creation through aggressive intellectual property expansion and disciplined investment. By maintaining a diverse portfolio of ongoing projects and leveraging a significantly enlarged operational base, the company is positioning itself for sustained growth within the global gaming industry. The focus remains on scaling development capabilities to capitalize on the increased reach provided by recent acquisitions and the continued demand for both established and new gaming content.