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. Annual net sales surged by 713 percent to reach SEK 4,123.6 million, while operational EBIT rose by 139 percent to SEK 484.0 million. This financial expansion was underpinned by a net profit of SEK 293.8 million, reflecting the successful integration of newly acquired entities and a robust portfolio of owned intellectual properties and publishing ventures.

The company’s expansion strategy centered on the acquisition of Koch Media, Coffee Stain, and Bugbear, which significantly broadened its development capabilities and market reach. By the end of the year, the organization managed 77 active development projects supported by a workforce of 1,484 internal and external developers. This operational scale allowed for a balanced business model that spanned internal game development, global publishing, and partner distribution, while maintaining a strong liquidity position of SEK 2,216.4 million to support future initiatives.

Performance throughout 2018 was bolstered by key releases such as Darksiders 3 and strategic preparations for the high-profile launch of Metro Exodus within the Deep Silver business unit. With a total headcount reaching 1,142 employees, the company solidified its infrastructure to sustain long-term growth. These results demonstrate a successful transition from a smaller publisher to a major industry player, characterized by a rapid increase in both revenue streams and development capacity across the global gaming market.