In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F | 20-F |
Revenues: |
Europe | 69.0 | 48.1 | 49.2 | 50.7 | 46.9 | 48.1 | | |
North America (mainly U.S.) | 562.0 | 423.6 | 272.2 | 195.9 | 197.4 | 213.5 | | |
Other | 9.3 | 6.8 | 6.6 | 14.9 | 8.5 | 12.4 | | |
Total revenues [+] | 640.3 | 478.5 | 328.1 | 261.5 | 252.8 | 274.0 | 312.8 | 221.0 |
Services | | | | | | | | 188.9 |
Advertising | | | | | | | | 32.1 |
Revenue growth [+] | 33.8% | 45.9% | 25.5% | 3.4% | -7.7% | -12.4% | 41.6% | -43.2% |
Europe | 43.5% | -2.3% | -2.9% | 8.1% | -2.7% | | | |
North America (mainly U.S.) | 32.7% | 55.6% | 39.0% | -0.8% | -7.5% | | | |
Other | 36.1% | 3.0% | -55.5% | 74.1% | -30.9% | | | |
Cost of goods sold | 30.4 | 25.2 | 22.5 | 25.5 | 23.8 | 24.7 | 25.9 | 7.9 |
Gross profit | 609.9 | 453.3 | 305.6 | 235.9 | 229.1 | 249.3 | 286.9 | 213.1 |
Gross margin | 95.3% | 94.7% | 93.1% | 90.2% | 90.6% | 91.0% | 91.7% | 96.4% |
Selling, general and administrative [+] | 79.8 | 74.1 | 54.9 | 49.7 | 55.4 | 74.7 | 83.4 | 54.0 |
Sales and marketing | 56.0 | 53.2 | 39.1 | 34.7 | 38.9 | 52.7 | 54.6 | 22.9 |
General and administrative | 23.8 | 20.9 | 15.8 | 15.0 | 16.5 | 21.9 | 28.8 | 31.1 |
Research and development | 34.4 | 35.3 | 30.9 | 22.6 | 18.9 | 17.2 | 25.2 | 21.7 |
Other operating expenses | 372.6 | 288.0 | 197.6 | 135.9 | 128.4 | 130.9 | 140.2 | 84.6 |
EBITDA [+] | 123.0 | 55.8 | 22.2 | 27.7 | 26.5 | 26.6 | 38.1 | 52.8 |
EBITDA growth | 120.5% | 151.6% | -20.0% | 4.7% | -0.4% | -30.1% | -27.9% | -48.5% |
EBITDA margin | 19.2% | 11.7% | 6.8% | 10.6% | 10.5% | 9.7% | 12.2% | 23.9% |
Depreciation and amortization | 13.8 | 9.9 | 9.9 | 9.7 | 9.7 | 16.6 | 26.0 | 11.4 |
EBIT [+] | 109.2 | 45.9 | 12.3 | 18.0 | 16.8 | 10.0 | 12.1 | 41.4 |
EBIT growth | 137.8% | 274.6% | -32.0% | 7.4% | 67.5% | -17.1% | -70.8% | -49.1% |
EBIT margin | 17.0% | 9.6% | 3.7% | 6.9% | 6.6% | 3.7% | 3.9% | 18.7% |
Non-recurring items [+] | | | | | 2.1 | 85.7 | 0.7 | 80.4 |
Asset impairment | | | | | | 85.7 | | 79.3 |
Interest expense | | | | | | | | |
Interest expense | | | | 2.3 | 3.9 | 4.8 | 5.3 | 2.3 |
Other income (expense), net | 4.5 | -0.6 | -2.6 | -1.1 | 0.1 | -1.1 | -3.0 | 0.4 |
Pre-tax income | 113.7 | 45.3 | 9.6 | 14.5 | 10.9 | -81.6 | 3.1 | -41.0 |
Income taxes | 14.4 | 6.6 | -0.6 | 1.6 | 2.8 | -8.8 | 0.2 | 0.7 |
Tax rate | 12.7% | 14.6% | | 11.3% | 25.5% | 10.8% | 6.9% | |
Earnings from continuing ops | 99.2 | 38.7 | 10.2 | 12.9 | 8.1 | -72.8 | 5.5 | -14.7 |
Earnings from discontinued ops | | | | | | | -2.6 | -27.0 |
Net income | 99.2 | 38.7 | 10.2 | 12.9 | 8.1 | -72.8 | 2.8 | -41.7 |
Net margin | 15.5% | 8.1% | 3.1% | 4.9% | 3.2% | -26.6% | 0.9% | -18.9% |
|
Basic EPS [+] | $2.21 | $1.13 | $0.38 | $0.50 | $0.31 | ($2.81) | $0.22 | ($0.21) |
Growth | 96.5% | 193.7% | -22.8% | 58.1% | -111.2% | -1407.1% | -204.7% | -128.4% |
Diluted EPS [+] | $2.06 | $1.02 | $0.36 | $0.49 | $0.31 | ($2.81) | $0.22 | ($0.21) |
Growth | 101.7% | 188.2% | -27.4% | 55.7% | -111.2% | -1409.1% | -204.6% | -129.3% |
|
|
Shares outstanding (basic) [+] | 44.9 | 34.4 | 26.7 | 26.0 | 25.9 | 25.8 | 25.5 | 71.3 |
Growth | 30.5% | 28.9% | 2.8% | 0.4% | 0.0% | 1.3% | -64.2% | 4.5% |
Shares outstanding (diluted) [+] | 48.1 | 37.8 | 28.8 | 26.4 | 25.9 | 25.8 | 25.6 | 71.3 |
Growth | 27.1% | 31.4% | 9.3% | 1.9% | 0.0% | 1.1% | -64.2% | 1.4% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |