Successful launches generate profitable growth
THQ Nordic continued its growth in the third quarter. The primary growth drivers were successful new launches of the games “Titan Quest Anniversary Edition” and “MX vs. ATV Supercross Encore” on Xbox One. This corroborates our asset care strategy, of managing and enhancing popular games and brands. Publishing titles such as Fatshark’s “Warhammer: End Times – Vermintide”, Microsoft’s “Quantum Break” and “State of Decay”, as well as Weappy Studios’ “This is the Police”, also contributed to growth. We changed corporate name to THQ Nordic at Gamescom in August, a move well received by gamers and the gaming industry. We plan to float the THQ Nordic share on Nasdaq First North before year-end, which will take the Company into a new developmental phase.
–Lars Wingefors, Founder & CEO
Third quarter 2016
Interim period January – September 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||Jul-Sep 2016||Jul-Sep 2015||Jan-Sep 2016||Jan-Sep 2015||Full year 2015|
|Under lying EBIT||19.3||12.7||54.4||40.5||78.9|
|Profit after tax||12.7||7.2||34.0||23.6||51.2|
|Earnings per share, SEK||25.34||14.33||67.92||47.27||102.48|
|Cashflow from operating activities||20.5||8.4||47.9||46.6||109.9|
|Sales growth, %||95||9||52||5||20|
|EBITDA margin, %||33||40||41||46||49|
|Underlying EBIT margin, %||25||32||31||35||37|
|Net sales split:|
|– Owned titles, %||56||63||69||69||76|
|– Publishing titles, %||44||36||31||29||22|
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 catalogue of over 850 owned or controlled franchises.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its eleven operative groups: THQ Nordic, Plaion, Coffee Stain, Amplifier Game Invest, Saber Interactive, DECA Games, Gearbox Entertainment, Easybrain, Asmodee, Dark Horse and Freemode. The Group has 130 internal game development studios and is engaging more than 14,900 employees and contracted employees in more than 40 countries.