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THQ Financials Reveal New Saints Row

THQ Nordic's Interim Report for Q1 (April-June 2019) has financial results the publisher calls "another stable growth quarter." This includes news that a new Saints Row game is in the works: "Volition is deep in development of a brand-new Saints Row game, the first full entry in this much loved series since Saints Row IV was released in 2013." That's not all they have up their sleeves, as they talk of their "strong pipeline of games in development at Deep Silver, THQ Nordic and Coffee Stain," saying they have 81 games in development, 47 of which are unannounced. They also say Dambuster Studios is now leading the development of Dead Island 2 and that TimeSplitters co-creator Steve Ellis has joined them "to help plot the future course for this franchise." Here's more on their financials:

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.

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