Rovio: share of Angry-Birds-maker crashes

The Finnish sport producer Rovio has misplaced part of its marketplace worth. The reason why: The traders have been upset via the gross sales forecast for the present 12 months.

Investors have been upset, because the makers of the preferred video submitted sport collection Angry Birds its forecast for the 12 months 2018. Rovio expects gross sales of between 260 and 300 million US bucks. Analysts have been, on the other hand, of over 330 million US bucks. In addition, investments within the quantity of ten to 15 million bucks to press the predicted benefit. The response of the traders fell vastly: Rovio misplaced inside of an overly short while, about part of the marketplace worth.

rovio-angry-birds-aktie-620x248 Rovio: share of Angry-Birds-maker crashes Technology
Rovio: The inventory marketplace reacted indignantly to the gross sales forecast of the Angry-Bird-maker. (Chart: Yahoo Finance)

Except for Angry Birds Rovio may by no means construct a in a similar fashion a hit sport emblem and thus stays extremely dependent at the persisted luck of the Franchise. In 2017, the Finnish corporate recorded a turnover of 365 million US bucks with its Games and license revenues. Since October of 2017, Rovio is indexed at the Swedish inventory change Nasdaq Nordic.

Rovio Second Angry Birds film coming in 2019

In the following 12 months, the license may get industry with the offended birds spice up. Then the successor of 2017 revealed Angry-Bird-movie within the cinemas. The first section is a performed regardless of most commonly dangerous critiques international, greater than 350 million US bucks. The successor must additionally with the IPO accrued budget are to be financed.

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