Rovio Shares Drop 20% On Bad Earnings
November 23, 2017 by Douglas A. McIntyreRovio 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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