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Provider: Reuters Investment Profile
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Provider: Wright Reports
$115.00

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Nio Inc Maintains FY 2013 Financial Guidance


Thursday, 14 Feb 2013 02:05am EST 

Nio Inc announced that based on the performance in fiscal year 2012, the Company maintains its positive expectations concerning revenues and results for 2013. With the new gaming business area operational in 2013, in addition to the Internet auctions, the Company expects to increase revenues and EBITDA by 100% for the fiscal year of 2013. A significant share of the expected growth is related to the build-up of the gaming business. Consequently, the Company expects a larger part of the growth to come in the second half of 2013. The Company reported fiscal year 2012 revenue of USD 24.15 million and fiscal year 2012 EBITDA of USD 10.00 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 EBITDA of USD 20.05 million. 

Company Quote

1.33
-0.03 -2.21%
23 Dec 2014