We are continuing to deliver strong sales and profitability growth by executing on our core business model, which explores our well-diversified portfolio of franchises. The main driver in the quarter was continued successful promotions of our broad catalogue of IPs, on digital channels as Steam, PlayStation Network and Xbox Live.
THQ Nordic had a successful IPO on Nasdaq First North Stockholm, attracting high demand from Swedish and international institutions, as well as retail investors. The available offering was 19 times oversubscribed.
We are now looking forward to the second half of 2017, when we will release our first major sequels of our own IPs, plus some major publishing releases.
– LARS WINGEFORS, FOUNDER & CEO
Fourth quarter 2016
Full year January – December 2016
Throughout the Report, all comparatives within parentheses refer to the corresponding period of the previous year, unless otherwise stated.
|KEY PERFORMANCE INDICATORS, SEK m GROUPMSEK||Oct-Dec 2016||Oct-Dec 2015||Jan-Dec 2016||Jan-Dec 2015|
|Under lying EBIT||50.6||35.2||95.0||66.6|
|Profit after tax||38.0||27.6||71.9||51.2|
|Earnings per share, SEK||0.59||0.46||1.18||0.85|
|Cashflow from operating activities||51.3||63.3||99.2||109.9|
|Sales growth, %||30||38||42||20|
|EBITDA margin, %||47||53||44||49|
|Underlying EBIT margin, %||39||36||31||31|
|Net sales split:|
|– Owned titles, %||73||84||71||76|
|– Publishing titles, %||27||14||29||22|
|– Other, %||–||2||–||2|
For additional information, please contact:
Lars Wingefors, Group CEO
Tel: +46 708 471 978
About THQ Nordic
THQ Nordic acquires, develops and publishes PC and console games. The core business model consists of acquiring established franchises and successively refining them. The portfolio includes more than 75 franchises such as Darksiders, Titan Quest, MX vs ATV, Red Faction, Destroy All Humans, Aquanox, deBlob, Imperium Galactica, Desperados, Impossible Creatures, Jagged Alliance, Spellforce, The Guild and This is the Police.
Since its foundation 2011, the Company has created a global presence, with its Group head office in Karlstad, Sweden and its operational head office in Vienna, Austria. THQ Nordics engage more than 370 people and has 4 inhouse development studios based in Germany, USA and Sweden. THQ Nordic shares are listed on Nasdaq Stockholm First North under the ticker THQN B. For more information, please visit http://www.thqnordic-investors.com or www.thqnordic.com.
FNCA Sweden AB is THQ Nordic’s Certified Adviser.
This information is information that THQ Nordic is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on February 15, 2017.
Embracer Group is a parent company of businesses led by entrepreneurs in PC, console, mobile and board games and other related media. The Group has an extensive catalog of over 850 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its twelve operative groups: THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse, Freemode and Crystal Dynamics - Eidos Montréal. The Group has 132 internal game development studios and is engaging more than 15,731 employees and contracted employees in more than 40 countries.