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ROVI: 4Q’23 RESULTS, CHANGE OF RECOMMENDATION TO SELL AND T.P. UPGRADE (ANÁLISIS BANCO SABADELL)

4Q'23 vs. 4Q'22 Results
Sales: € 234.6 M (-3.1% vs. -8.4% BS(e) and -7.8% consensus);
EBITDA: € 73.3 M (-30.2% vs. -29.9% BS(e) and -37.3% consensus);
EBIT: € 66.9 M (-32.6% vs. -31.9% BS(e) and -38.9% consensus);
Net Profit: € 51.5 M (-34.1% vs. -33.3% BS(e) and -39.6% consensus);
FY2023 vs. FY2022 Results
Sales: € 829.5 M (+1.4% vs. -0.1% BS(e) and 0.0% consensus);
EBITDA: € 244.5 M (-12.3% vs. -12.2% BS(e) and -15.0% consensus);
EBIT: € 220.3 M (-13.9% vs. -13.7% BS(e) and -16.4% consensus);
Net Profit: € 170.3 M (-14.7% vs. -14.4% BS(e) and -16.9% consensus);