Rovio Returns to Profitable Growth

Record performance in Games division and uplift from The Angry Birds Movie drive revenue up by a third year-on-year

WASHINGTON, 01/03/2017 (informazione.news - comunicati stampa - spettacolo)

 

Rovio Entertainment Group, mEUR

 

48,2

45,5

2,7

38,6

25,6

10,9

 

Rovio´s Games division made 159,0 mEUR in revenue (113,5 mEUR in 2015). Along with very strong revenue growth, Games division improved its profitability significantly. Earnings Before Interests and Taxes (EBIT) increased to 29,6 mEUR (4,0 mEUR in 2015) giving a profit margin (EBIT margin) of 19%.

The strong growth of Games division is based on extended life cycles and improved performance metrics of Rovio's key games. Rovio's best performing games in 2016 included Angry Birds 2, Angry Birds Friends and Angry Birds POP, all with increased revenues year on year.

The gross revenue of Animation division was 31,3 mEUR (28,6 mEUR in 2015). Earnings Before Interests and Taxes (EBIT) of Animation division was -2,2 mEUR (-13,1 mEUR in 2015). The highlight of Rovio's Animation division in 2016 was the global release of The Angry Birds Movie hitting nearly $350 million at the worldwide box office. The Angry Birds Movie opened number one in 52 countries and was the third largest foreign animated movie in China ever. Most of the revenues related to the movie will be recognised in 2017 and 2018.

In 2017 Rovio Entertainment will continue to invest in development and performance marketing of games. With a strong fan engagement, uplift in the Angry Birds brand, brand licensing activities, and revenues from The Angry Birds Movie, the company sees opportunities to further improve profitability while staying on its growth track.

"Both our growth and profitability targets were exceeded in 2016. With the all-time high performance of our games portfolio and the success of The Angry Birds Movie, I am very happy to see Rovio's revenue and profit developing very positively. Rovio's games business is growing fast, and this year we will see several new exciting Rovio games bringing attractive experiences to everyone and supporting Rovio's long-term growth. I am also very proud to see two of our games, Angry Birds 2 and the newest release, Angry Birds Blast, in top 50 grossing games list in the US. I can just thank our fans and our amazing team at Rovio for making this turnaround happen." says CEO Kati Levoranta .

 

 

 

This information was brought to you by Cision http://news.cision.com
http://news.cision.com/rovio-entertainment/r/rovio-returns-to-profitable-growth,c2201797

The following files are available for download:

 

 

More information:
Tomi Närhinen
Chief Financial Officer
tomi.narhinen@rovio.com
+358-40-7243896

Kaisu Karvala
VP, Communications & PR
kaisu.karvala@rovio.com
+358-40-5715990