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Rovio Shares Drop 20% On Bad Earnings

Rovio shares are down 20% in trading on the Nasdaq Helsinki. They fell to 9.57 euros. The figure is an all time low for the company which recently completed its IPO.

Revenue increased 70% to 70 million euros. However, operating profit fell 70% to 1.6 million euros

Key figures

EUR million 7-9/ 2017 7-9/ 2016 Change, (%) 1-9/ 2017 1-9/ 2016 Change, (%) 2016
Revenue 70.7 50.0 41.2% 223.2 128.5 73.7% 191.7
EBITDA 6.1 8.5 -28.6% 46.0 19.5 135.7% 35.4
EBITDA margin 8.6% 17.1% 20.6% 15.2% 18.5%
Adjusted EBITDA 8.6 8.5 0.5% 50.4 19.5 158.5% 35.4
Adjusted EBITDA margin, % 12.1% 17.1% 22.6% 15.2% 18.5%
Operating profit 1.6 5.2 -70.0% 20.9 12.0 75.1% 16.9
Operating profit margin, % 2.2% 10.3% 9.4% 9.3% 8.8%
Profit before tax -0.5 4.6 16.7 10.2 63.1% 15.4
Capital expenditure 1.5 3.5 -56.3% 7.4 18.4 -60.0% 23.3
User acquisition cost 22.2 5.4 308.7% 53.7 10.6 408.2% 18.2
Return on equity (ROE), % 20.8% 20.8% 19.1%
Net gearing ratio, % -62.8% -6.3% -62.8% -6.3% -11.5%
Equity ratio, % 72.9% 60.6% 72.9% 60.6% 64.1%
Earnings per share, EUR -0.01 0.05 0.17 0.10 67.2% 0.14
Earnings per share, diluted EUR -0.01 0.05 0.16 0.10 65.0% 0.14
Net cash flows from operating activities 18.0 11.8 52.0% 53.7 14.5 270.7% 22.8
Employees (average for the period) 400 474 -15.6% 422 478 -11.7% 476

 

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