NetEnt unveils significant revenue, profit growth for 2015

NetEnt 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.

“We continue to deliver on our long-term strategy for profitable growth with new products, new customers and new markets.

“Customer satisfaction is the foundation for our long-term growth and our approach is to have a business partner mindset for shared success.

“There is a clear trend – people spend more and more time and money online, consuming digital entertainment, including online casino games.

“The global online gaming market is supported by ongoing migration from land-based gaming.

“We will continue to focus on premium digital casino solutions, solutions that enable success for our customers.”

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