THQ Nordic AB Interim Report: 1 January - 30 September 2016

THQ Nordic AB experienced significant financial expansion during the first nine months of 2016, characterized by a 52 percent increase in net sales to SEK 173.7 million compared to the same period in the previous year. This growth trajectory was supported by an operating profit of SEK 44.4 million and an EBITDA of SEK 71.6 million. The company’s performance was primarily driven by the successful execution of an asset care strategy, which focuses on revitalizing and enhancing existing intellectual property, alongside the commercial success of new titles such as Titan Quest Anniversary Edition and This is the Police.

The company’s strategic evolution during this period included a formal corporate rebranding and the expansion of its internal development capabilities through the establishment of new studios. These operational developments served as a precursor to the company’s planned transition to a publicly traded entity, with a listing on the Nasdaq First North exchange scheduled for completion before the end of the 2016 calendar year. This transition reflects a broader effort to formalize corporate governance and increase transparency for potential investors.

Despite this positive momentum, the company maintains a cautious outlook regarding long-term operational risks. Management identifies the protection of intellectual property, the retention of specialized personnel, and the inherent uncertainties associated with future acquisitions as critical factors that could impact future performance. Prepared in accordance with Swedish accounting standards and verified by an independent auditor, these results underscore a period of robust growth and organizational scaling for the Karlstad-based developer as it positions itself for a new phase of public market participation.