Remedy's Q1 result was clearly better than we expected and game projects are progressing well in production.

Remedy reported clearly better-than-expected Q1 earnings this morning. There were more development fees than we expected in Q1, and the company's cost structure was also lighter than we expected.

Remedy is guiding for a positive EBIT for this year, in which the FBC: Firebreak, to be released in the summer, and Alan Wake 2 royalties play a key role. The Q1 report is expected to provide more information and visibility into these factors.

The company's Q4 results were better than expected and game projects are progressing well in production.