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2016-10-31

THQ Nordic AB: THQ Nordic AB (publ) publishes interim report for January - September 2016

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

· Net sales increased by 95% to SEK 77.9 m (40.0).
· Owned titles represented SEK 43.6 m (25.0), or 56%, of net sales
in the quarter.

· EBITDA was SEK 25.4 m (16.1), corresponding to an EBITDA margin of
32.5%.

· Cash flow from operating activities amounted to SEK 20.5 m (8.4).
· Earnings per share (diluted) amounted to SEK25.34 (14.33).
· SEK 50 m loan facility signed with Lars Wingefors AB.
· Two owned titles and four publishing titles launched in the
period.

Interim period January - September 2016

· Net sales increased by 52% to SEK 173.7 m (114.5).
· Owned titles represented SEK 119.5 m (79.5), or 69%, of net sales
in the period.

· EBITDA was SEK 71.6 m (52.8), corresponding to an EBITDA margin of
41.2%.

· Cash flow from operating activities amounted to SEK 47.9 m (46.6).
· Earnings per share (diluted) amounted to SEK 67.92 (47.27).
· As of 30 September 2016, cash and cash equivalents were SEK 12.2 m
(4.1)

Throughout the Report, all comparatives within parentheses refer to
the corresponding period of the previous year, unless otherwise
stated.

KEY PERFORMANCE Jul Jul Jan Jan-Sep 2015 Full year 2015
INDICATORS, SEK m -Sep -Sep -Sep
GROUPMSEK 2016 2015 2016
Net sales 77.9 40.0 173.7 114.5 212.9
EBITDA 25.4 16.1 71.6 52.8 105.1
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, 25.34 14.33 67.92 47.27 102.48
SEK
Cashflow from 20.5 8.4 47.9 46.6 109.9
operating activities
Sales growth, % 95 9 52 5 20
EBITDA margin, % 33 40 41 46 49
Underlying EBIT 25 32 31 35 37
margin, %
Net sales split:
- Owned titles, % 56 63 69 69 76
- Publishing titles, 44 36 31 29 22
%

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http://news.cision.com/thq-nordic-ab/r/thq-nordic-ab--publ--publishes-in...
http://mb.cision.com/Main/15049/2112090/582597.pdf

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