Q4 2022 Remedy Entertainment Oyj Earnings Call Transcript

Feb 10, 2023 / NTS GMT
Veli-Pekka Puolakanaho - Remedy Entertainment Oyj - Head of Corporate Development and IR

Good afternoon, everyone, and welcome to Remedy's full-year and Q4 earnings webinar. My name is Veli-Pekka Puolakanaho, and I manage the Investor Relations at Remedy.

In today's webcast, we will go through Remedy's full-year and Q4 2020 (sic - "2022") highlights and financial results. With me are Tero Virtala, Remedy's CEO; and Terhi Kauppi, Remedy's CFO. We will have a Q&A session after the presentation. Tero, the floor is yours.

Tero Virtala - Remedy Entertainment Oyj - CEO

Thank you, and welcome, everyone, also on my behalf. So looking at our last quarter of '22, our revenue decreased by 31%, being EUR13.6 million. EBITDA decreased to EUR2.8 million, mainly due to a significantly lower level of revenue done in the past comparison period in '21. It's good to say also that the '21 quarter four was a very exceptional one.

Operating profit for the last quarter of '22 was EUR2.1 million. Cash flow from operations, minus EUR3.8 million. And

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot