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Rovio issues profit warning as company plots big Hatch investment and UA costs rise

Rovio issues profit warning as company plots big Hatch investment and UA costs rise

Rovio issues profit warning as company plots big Hatch investment and UA costs rise Angry Birds developer Rovio has warned investors to brace for lower than expected profits as it expands its business and user acquisition costs bite. The Finnish company, which went public in September 2017, stated that group revenues are expected to be €260m to €300m in 2018. Profits before interest and tax is anticipated at nine to 11 per cent. According to the Thomson Reuters data ,…

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