In 9M 17, CD Projekt generated total revenues of PLN339.6m, which corresponded to a 19.1% decline yoy. EBIT amounted to PLN186.2m (54.8% margin) vs. PLN207.9m (49.5%) in 9M 16, while net income reached PLN154.4m (45.5% margin) compared to PLN171.2m (40.8%) in the previous year. Despite a lower net income yoy, operating cash flow declined only slightly from PLN199.3m in 9M 16 to PLN198m. Cash flow from investing, of which PLN-51.7m stemmed from investments in the development of “GWENT&rd
22 Nov 2017
9M 17 results look solid, but did not meet high market expectations
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9M 17 results look solid, but did not meet high market expectations
CD Projekt S.A. (7CD:FRA) | 0 0 0.0% | Mkt Cap: 610.7m
- Published:
22 Nov 2017 -
Author:
Adrian Kowollik -
Pages:
3
In 9M 17, CD Projekt generated total revenues of PLN339.6m, which corresponded to a 19.1% decline yoy. EBIT amounted to PLN186.2m (54.8% margin) vs. PLN207.9m (49.5%) in 9M 16, while net income reached PLN154.4m (45.5% margin) compared to PLN171.2m (40.8%) in the previous year. Despite a lower net income yoy, operating cash flow declined only slightly from PLN199.3m in 9M 16 to PLN198m. Cash flow from investing, of which PLN-51.7m stemmed from investments in the development of “GWENT&rd