Regulatory press releases

2019-08-14

THQ Nordic completes the acquisition of Milestone

THQ Nordic AB's indirectly wholly owned subsidiary Koch Media GmbH has today entered into an agreement to acquire Milestone s.r.l., which was announced earlier today through a press release, for a upfront purchase price equivalent to 44.9 MEUR on a cash and debt free basis. All conditions for the transaction have now been fulfilled and the transaction is thereby completed.

THQ_Nordic_PR_Milestone_close_ENG

2019-08-14

Notice of annual general meeting in THQ Nordic AB

The shareholders of THQ Nordic AB, reg. no. 556582-6558, (the "Company") are hereby invited to the annual general meeting on Tuesday 17 September 2019 at 15.00 CET at Elite Stadshotellet, Kungsgatan 22 in Karlstad. The doors to the meeting will open at 14.30 CET.

THQ_Nordic_Notic_AGM_ENG

2019-08-14

THQ Nordic acquires Milestone s.r.l.

THQ Nordic AB's indirectly wholly owned subsidiary Koch Media GmbH has today entered into an agreement to acquire Milan-based Milestone s.r.l., a leading racing games developer and publisher behind successful game series such as MotoGP, MXGP, RIDE and Monster Energy Supercross. The upfront purchase price is equivalent to 44.9 MEUR on a cash and debt free basis, plus additional earn-out considerations subject to fulfilment of agreed future profitability target. THQ Nordic estimates Milestone to have net revenues in the range of 27.5-32.25 MEUR, EBITDA of 15.5-18.0 MEUR and Operating EBIT of 10.75-12.5 MEUR in its next financial year ending June 2020.

THQ Nordic - Press release Milestone ENG

2019-08-14

THQ Nordic AB (publ) publishes Interim Report Q1, April-June 2019: OPERATIONAL EBIT INCREASED 193% to SEK 204 MILLION

FIRST QUARTER, APRIL–JUNE 2019
(Compared to April–June 2018)

> Net sales increased 36% to SEK 1,142.0 million (837.4).

> EBITDA improved 88% to SEK 389.5 million (206.9), corresponding to an EBITDA margin of 34%.

> Operational EBIT rose 193% to SEK 204.0 million (69.7) corresponding to an Operational EBIT margin of 18%.

> Cash flow from operating activities amounted to SEK 441.3 million (164.5).

> Earnings per share was SEK 0.52 (0.42).

> Adjusted earnings per share was SEK 1.53 (0.58).

CEO COMMENTS: OPERATIONAL EBIT INCREASED 193% TO SEK 204 MILLION

We started our financial year 2019-2020 with another stable growth quarter. Net sales increased 36% to SEK 1,142 million, driven by strong back catalog sales. Operational EBIT grew 193% to SEK 204 million, raising the Operational EBIT margin to 18% from 8%. The improved margin was driven by digital sales – which collectively rose to an average TTM of 58% across our three Games business areas. We generated SEK 441 million in cash flow from operations during the quarter and had close to SEK 3.2 billion in cash and cash equivalents at the end of the quarter.

THQ Nordic Q1 APRIL-JUNE 2019

2019-05-22

THQ Nordic publishes Extended Financial Year Report 2018-2019 and Q5: Operational EBIT increased 217% to SEK 396 million in the quarter

JANUARY–MARCH 2019

(Compared to January–March 2018)

· Net sales increased 158% to SEK 1,630.5 m (632.9).
· EBITDA increased 174% to SEK 618.6 m (225.9), corresponding to an EBITDA margin of 38%.
· Operational EBIT increased 217% to SEK 395.9 m (124.9) corresponding to an Operational EBIT margin of 24%.
· Cash flow from operating activities amounted to SEK 777.2 m (699.8).
· Earnings per share was SEK 1.10 (1.02).

JANUARY 2018–MARCH 2019, 15 MONTHS

(Compared to full year 2017)

· Net sales increased to SEK 5,754.1 m (507.5).
· EBITDA increased to SEK 1,592.6 m (272.6), corresponding to an EBITDA margin of 28%.
· Operational EBIT increased to SEK 897.1 m (202.3) corresponding to an Operational EBIT margin of 16%.
· Cash flow from operating activities amounted to SEK 1,356.4 m (179.1).
· Earnings per share was SEK 4.68 (1.88).
· As of 31 March 2019, cash and cash equivalents were SEK 2,929.1 m. Available cash including credit facilities was SEK 4,521.1 m.

THQ NORDIC Q5 2018-2019 EN

2019-03-08

Announcement from THQ Nordic’s extra general meeting

The extra general meeting of THQ Nordic AB (“THQ Nordic” or the “Company”) was held today on 8 March 2019 in Stockholm and the following resolutions were passed by the meeting.

Announcement from THQ Nordic’s extra general meeting

2019-02-21

NOTICE OF EXTRA GENERAL MEETING IN THQ NORDIC AB

The shareholders of THQ Nordic AB, reg. no. 556582-6558, (the "Company") are hereby invited to the extra general meeting on Friday 8 March 2019 at 13.00 pm CET at Baker & McKenzie's premises at Vasagatan 7 in Stockholm. The doors to the meeting will open at 12.45 pm CET.

PR Notice of extra general meeting

2019-02-21

THQ Nordic completes issuance of new share in the amount of 11 million Class B shares, raising proceeds of approximately SEK 2,090 million

The Board of Directors of THQ Nordic AB (“THQ Nordic” or the “Company”) has, as communicated in the Company’s press release earlier today, resolved to issue maximum of 11,000,000 Class B shares, where a maximum of 4,732,662 shares are issued based on the authorization granted by THQ Nordic's annual general meeting on 16 May 2018 and a maximum of 6,267,338  shares are issued subject to the subsequent approval of the extraordinary general meeting (the “Directed new share issue”). The subscription price in the Directed new share issue is SEK 190 per share. Through the Directed new share issue THQ Nordic will receive proceeds amounting to approximately SEK 2,090 million before transaction costs. The subscription price in the Directed new share issue has been determined through a so-called “accelerated book-building” procedure led by Carnegie Investment Bank AB (publ) and Nordea Bank Abp, filial i Sverige. The Directed new share issue was substantially oversubscribed. Subscribers in the Directed new share issue are a wide range of Swedish and international institutional investors including reputable new investors such as First National AP Fund, Second National AP Fund and Odin Fonder as well as current shareholders Swedbank Robur Fonder AB, TIN Fonder with the fund Core Ny Teknik and Olsson Family and Foundation.

PR THQ Nordic completes issuance of new share in the amount of 11 million Class B shares, raising proceeds of approximately SEK 2,090 million

2019-02-20

THQ Nordic announces intention of directed share issue of B shares

THQ Nordic AB (“THQ Nordic” or the “Company”) hereby announces its intention of a placement of Class B shares corresponding to approximately 10 percent of the capital in the Company (the “New shares”) through issuance of new shares directed to Swedish and international institutional investors, which is intended to be carried out based on the authorization granted by the annual general meeting 2018 and subject to the approval of an extra general meeting (the “Directed new share issue”). THQ Nordic has engaged Carnegie Investment Bank AB (publ) and Nordea Bank Abp, filial i Sverige, to investigate the conditions for a placement of new Class B shares through a so-called “accelerated bookbuilding” procedure.

PR THQ Nordic announces intention of directed share issue of B shares

2019-02-13

THQ Nordic completes the acquisition Warhorse Studios

THQ Nordic AB's indirectly wholly owned subsidiary Koch Media GmbH has today entered into an agreement to acquire Warhorse Studios s.r.o., which was announced earlier today through a press release, for a purchase price amounting to MEUR 33.2 on a cash and debt free basis. All conditions for the transaction have now been fulfilled and the transaction is thereby completed.

THQ Nordic completes acquisition of Warhorse