NetEnt delivers another year of double digit revenue growth
News on 3 Apr 2018
News on 3 Apr 2018
NetEnt has published its 2017 year-end report in which the company delivered another year of double digit growth, albeit slower than previous years, in revenue despite a tough fourth quarter following the withdrawal from several markets.
Key performance highlights include:
Revenues reached SEK 1,625 million (2016: SEK 1,455 million), up 11.7 percent.
Operating profit increased 9.5 percent to reach SEK 587 million (2016: SEK 536 million).
Operating margin was 36.1 percent (2016: 36.8 percent).
Profit after tax was SEK 552 million (2016: 504 million).
Earnings per share were SEK 2.30 (2016: SEK 2.10).
NetEnt will focus on geographical expansion throughout 2018 particularly in European regulated markets, followed by North America and Asia.
A “large” pipeline of new games, growing revenues from regulated markets, mobile games and new customers place NetEnt for further growth, the company said.
