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. Net sales surged by 778 percent to SEK 1,470.4 million, while EBIT rose by 157 percent to SEK 159.8 million. This performance was primarily propelled by the strategic acquisition of Koch Media, which significantly diversified the company’s revenue streams across publishing titles, partner publishing, and film segments.

The company bolstered its financial foundation through a directed share issue of 7.7 million Class B shares, successfully raising SEK 1,448 million. This capital injection, combined with previous equity activities related to the acquisitions of Experiment 101 AB and Koch Media, resulted in a total dilution of approximately 8.7 percent of shares. These financial maneuvers were designed to support an ambitious development pipeline, which currently encompasses 51 active projects, and to facilitate ongoing investment in human capital and operational infrastructure.

Spanning the global gaming market, these results reflect a transition from a smaller entity into a major industry player with a robust, multi-faceted business model. Management remains committed to a strategy of long-term value creation, focusing on the integration of acquired business units and the pursuit of further strategic acquisitions. By balancing internal development with external growth, the company has established a scalable framework intended to sustain its upward trajectory in the competitive international gaming landscape.