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.