THQ Nordic: First comment Q1, just the beginning of the journey

Research Note

2018-05-16

13:50

Today THQ Nordic released their report for the first quarter of 2018. The reported figures were considerably stronger than our projections. We have highlighted the difficulties in producing estimates for THQ Nordic’s Q1, as it was the first report quarter after the Koch Media acquisition, none the less this was an exceptionally strong performance by the company. We will look into our projections and will likely have to make some positive adjustments, which will likely lead to increased valuation. We continue to be confident in THQ Nordic’s future journey, a journey that just has begun.

KL

TO

Kristoffer Lindström

Tomas Otterbeck

Disclosures and disclaimers

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