Net Entertainment Shows Big Profit in 2015

netent net ent 2NetEnt has cited a continued growing demand for digital casino entertainment and its products as amongst the main reasons behind widespread year-on-year financial growth across the business during the 12 months through to December 31, 2015.

Full-year revenue amounted to SEK1.1 billion (€119.5 million/$134.9 million), which represents an increase of 33% on the SEK851.7 million achieved in the previous year.

Operating profit hiked 53.5% year-on-year to SEK401.6 million, while operating margin increased from 30.7% to 35.5%.

Elsewhere, profit after tax increased by 53.8% to SEK374 million, with earnings per share also jumping from SEK6.09 to SEK9.34 after dilution.

Other key results for the 12-month period include NetEnt signing 43 new licence agreements and the launch of 37 new customers’ casinos, while the company has proposed a dividend of SEK8 per share, up from SEK5 last year.

NetEnt also noted that its full-year performance was boosted by an impressive showing in the final quarter of the year, during which revenue hiked 34% year-on-year to SEK323.1 million and operating profit jumped 51.6% to SEK121.8 million.

Per Eriksson, president and chief executive of NetEnt, said: “2015 was yet another fantastic year for NetEnt; continued growing demand for digital casino entertainment and for our products helped us reach new record levels in terms of revenues, results and cash flow.

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