THQ Nordic: Preview Q2 (Jul-Sept, 18/19), the future looks bright

Research Note

2018-11-09

08:23

THQ Nordic will present their report for the second quarter (Jul-Sept) of the split financial year of 2018/19 on the 14th of November next week. The growth compared to last year will be massive, driven by the Koch Media acquisition. Compared to proforma figures we also expect to see an uptake with higher Partner Publishing volumes and lower sales within Games. For THQ Nordic the most exciting thing is what lies ahead: with the largest game releases in the company’s history. We are of course referring to Darksiders III, Metro Exodus, Biomutant, Shenmue III and more. A strong pipeline, growing IP portfolio and with the bonus of possible value-adding M&A, we see a bright future for THQ Nordic’s and its shareholders. Our current Base-case amounts to 245 SEK per share.

KL

TO

Kristoffer Lindström

Tomas Otterbeck

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