11
THQ NORDIC AB
JAN – DEC 2017
Financial metrics defined or specified pursuant to
Swedish Accounting Standards Board standards (BFNAR)
Oct-Dec
2017
Oct-Dec
2016
Full year
2017
Full year
2016
Net sales, SEK 000’s 255,399 128,162 507,526 301,878
Operating profit, SEK 000’s 101,987 50,613 188,201 95,015
Profit before tax, SEK 000’s 97,109 49,559 182,012 92,896
Profit after tax, SEK 000’s 73,401 37,987 139,169 71,957
Number of shares at end of period, thousands 79,236 72,032 79,236 72,032
Average number of outstanding shares, thousands 79,236 64,447 73,927 61,121
Average number of full-time employees in the period 180 83 143 68
Number of employees at the end of the period 193 85 193 85
Alternative key performance indicators not
defined or specified pursuant to BFNAR
Oct-Dec
2017
Oct-Dec
2016
Full year
2017
Full year
2016
Net sales growth, % 99 30 68 42
EBITDA, SEK 000’s 156,423 60,769 272,617 132,369
EBITDA margin, % 61 47 54 44
EBIT, SEK 000’s 101,987 50,613 188,201 95,015
EBIT margin, % 40 39 37 31
Amortization of IP rights, SEK 000’s –3,773 –3,008 –14,114 –13,039
Equity/assets ratio, % 81 74 81 74
Earnings per share, SEK 0.93 0.59 1.88 1.18
Dividend per share, SEK - - - -
Derivation of the alternative KPIs and EBITDA
EBIT, SEK 000’s 101,987 50,613 188,201 95,015
Depreciation and amortization, SEK 000’s 54,436 10,156 84,416 37,354
EBITDA, SEK 000’s 156,423 60,769 272,617 132,369
SELECTED KEY PERFORMANCE INDICATORS, GROUP
DEFINITIONS OF ALTERNATIVE KPIs
DEFINITIONS OF KPIs, GROUP
Earnings per share Profit after tax divided by the average number of shares in the period
EBIT margin EBIT as a percentage of net sales
EBITDA Earnings before interest taxes, depreciation and amortization
EBITDA margin EBITDA as a percentage of net sales
Equity/assets ratio Equity as a percentage of total assets
Net sales growth Net sales for the current period divided by net sales for the corresponding period of the previous year
THQ Nordic’s definitions of a number of alternative KPIs used in this Year-End Report are stated below. Net sales
growth is reported by the Company because it regards this KPI as contributing to investor understanding of the
Company’s historical progress. EBITDA and EBITDA margin are reported because these are metrics commonly used by
certain investors, financial analysts and other stakeholders to measure the Company’s financial results. The equity/
assets ratio is stated because the Company regards this as a metric commonly used by certain investors, financial
analysts and other stakeholders to measure the Company’s financial position. Dividend per share is stated in the Year-
End Report to illustrate the dividend yield the Company’s shareholders receive.