THQ Nordic never seems to disappoint. Q1 for the Financial year of 2020 is the starting point of yet another record year for the Group. The numbers for the quarter was stronger across the board compared to our estimates, with despite no significant new releases. The company also officially announced that Volition is making a new Saints Row game. THQ Nordic conducted no less than six acquisitions, where the racing studio and publisher Milestone being the largest. The parent company and listed entity will also be renamed to Embracer Group. We expect to make some upwards adjustments to both our projections and valuation following the report and new acquisitions.