"It's time to pass the hoodie and move on," Wilhelm Taht said in
a statement, without giving reasons for his departure.
Rovio said Taht was leaving with immediate effect for personal
reasons and Chief Executive Kati Levoranta would assume his
position for the time being.
Rovio shares, which debuted at 11.50 euros apiece in September,
fell a further 10 percent to a new low of 4.30 euros as the
company gave new financial details that some analysts said were
worse than expected, even after the profit warning.
Last week, Rovio forecast a 2018 operating margin of 9-11
percent versus 10.6 percent in 2017 and said it expected sales
of 260-300 million euros ($320-$370 million) versus 297 million
last year.
In Friday's full financial report, Rovio said its brand
licensing revenues would decline 40 percent due to waning income
from its 3D Hollywood movie, released in 2016.
"That implicitly puts the games unit in a worse position than
market thought ... It gives a range of 7 percent decline to 9
percent growth (for the games unit)," said SEB Equities analyst
Mathias Lundberg, who has a "hold" rating on the stock.
Investors expect management to explain reasons behind the profit
warning in a news conference starting 1200 GMT.
(Reporting by Jussi Rosendahl and Tuomas Forsell; Editing by
Simon Johnson and Mark Potter)
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