THQ Nordic: First comment Q2, crushing it
Research Note
2018-08-15
12:40
THQ Nordic delivered yet another great quarter despite lower business volumes and a minor release schedule. The thing that surprised us the most was significantly higher sales from Deep Silver. Both the net sales and EBIT exceeded our projections by a wide margin. The company also announced the acquisition of the IP rights to the TimeSplitters series. Gamescom is coming up, and we believe there will be some exciting news presented there. We remain undoubtedly positive to the company as the pipeline looks extremely promising and you always have the bonus of possible further value-adding M&A activity. We expect to make some upward adjustments of our projections following the report to some minor degree.
KL
TO
Kristoffer Lindström
Tomas Otterbeck
Disclosures and disclaimers