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2019-03-15

THQ Nordic AB: Redeye: THQ Nordic - To new heights

The sales figure during the quarter came in at SEK 1381m, beating our
projection by roughly 11%. The main driver was better sales within
both THQN Games (Vienna) and the Partner Publishing business. Metro
Exodus was released on Friday on the 15th of February, and data
suggest a strong release and the critic reception has been good.
Metro will be the main driver of revenue during Q5. In this update,
we also dig into Satisfactory from Coffee Stain and the new
acquisitions. THQ Nordic's management team continues to show their
profound competence in terms of capital allocation and value-adding
acquisitions. With significant cash position, 77 ongoing game
development projects and the most intriguing game releases to come we
have a positive view of THQ Nordic's prospects. We also raise our
Base-case valuation slightly.
(https://www.redeye.se/articles/download-file/0ca9d90e-fd96-352a-8bf9-96c...)

Read more and download the research update: http://bit.ly/2FcCCLJ

Start following companies at Redeye to receive the latest equity
research within Life Science and Technology.

This is a press release from Redeye - Research Powered Investment
Banking. https://www.redeye.se/about/

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https://news.cision.com/se/thq-nordic-ab/r/redeye-thq-nordic--to-new-hei...

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