Rovio's financial highlights

 

For the six months ended June 30,

For the year ended December 31,

 

For the twelve months ended June 30,[1]

Key financial metrics

 

MEUR (unless otherwise stated)

2017
(IFRS)

2016
(IFRS)

2016
(IFRS)

2015
(IFRS)

2014
(FAS)

 

2017
(IFRS)

(unaudited)

(audited, unless otherwise stated)

 

(unaudited)

 

 

 

 

 

Revenue

152.6

78.5

191.7[2]

142.1

158.3[2]

 

265.8

Games

117.9

66.9

159.0

113.5

110.7

 

210.1

Brand Licensing

34.6

11.6

32.7

28.6

47.6

 

55.7

 

 

 

 

 

 

 

 

EBITDA[3]

39.9

11.0

35.4

-6.5

17.0

 

64.3

Games

22.4

16.8

39.8

11.1

24.7

 

45.4

Brand Licensing

22.4

-0.9

5.8

-5.9

1.0

 

29.1

Other

-4.9

-4.9

-10.2

-11.7

-8.6

 

-10.2

EBITDA margin, %

26.1%

14.0%

18.5%

-4.5%

10.8%

 

24.2%

 

 

 

 

 

 

 

 

Adjusted EBITDA[4]

41.8

11.0

35.4

-3.2

18.3

 

66.2

Games

22.5

16.8

39.8

12.8

25.2

 

45.5

Brand Licensing

24.3

-0.9

5.8

-4.7

1.7

 

31.0

Other

-4.9

-4.9

-10.2

-11.3

-8.6

 

-10.2

Adjusted EBITDA margin, %

27.4%

14.0%

18.5%

-2.3%

11.6%

 

24.9%

 

 

 

 

 

 

 

 

Operating profit[5]

19.4

6.8

16.9[2]

-21.6

10.0[2]

 

29.5

Games

19.5

14.3

28.9

3.6

19.5

 

34.1

Brand Licensing

4.9

-2.6

-1.7

-13.6

-0.7

 

5.8

Other

-5.0

-4.9

-10.3

-11.6

-8.8

 

-10.4

Operating profit margin, %

12.7%

8.6%

8.8%

-15.2%

6.3%

 

11.1%

 

 

 

 

 

 

 

 

Adjusted operating profit[6]

21.3

6.8

16.9

-18.3

11.3

 

31.5

Games

19.5

14.3

28.9

5.3

20.0

 

34.2

Brand Licensing

6.8

-2.6

-1.7

-12.3

0.1

 

7.7

Other

-5.0

-4.9

-10.3

-11.2

-8.7

 

-10.4

Adjusted operating profit margin, %

14.0%

8.6%

8.8%

-12.9%

7.2%

 

11.8%

 

 

 

 

 

 

 

 

Profit (loss) for the period

13.3

3.6

10.6[2]

-18.1

8.1[2]

 

20.3

Earnings per share, EUR

 0.18

0.05

0.14

-0.24

0.11

 

-

 

 

 

 

 

 

 

 

Equity ratio, %[7]

71.6%

61.8%

64.1%

59.1%

79.7%

 

-

Capital expenditure[8]

5.8

14.9

23.3

43.9

37.9

 

14.2

[1] The unaudited financial information for the twelve months ended June 30, 2017 has been derived by adding the consolidated financial data for the Rovio Group for the six months ended June 30, 2017 to the unaudited consolidated financial data of the Rovio Group for the twelve months ended December 31, 2016 and subtracting the unaudited consolidated financial data of the Rovio Group for the six months ended June 30, 2016.

[2] Audited

[3] EBITDA (earnings before interest, taxes, depreciation and amortization) is defined as operating profit before depreciations and amortizations.

[4] Adjusted EBITDA is defined as EBITDA excluding items affecting comparability. Items affecting comparability are defined as material items outside ordinary course of business such as material net gains and losses from business disposals, direct transaction costs related to business acquisitions, restructuring costs for business operations, and costs relating to enlargement of the ownership base of the company.

[5] Operating profit is defined as profit (loss) for the period before income taxes, share of profit of associates, and finance income and expenses.

[6] Adjusted operating profit is defined as operating profit excluding items affecting comparability.

[7] Equity ratio is calculated by dividing shareholder’s equity by balance sheet total less advance payments received.

[8] Capital expenditure, which is net cash flow from investments in Property, plant and equipment and Intangible assets.