NetEnt on the up for the first quarter in 2017

21 Apr 2017

NetEntFor another time NetEnt shows that has a flowless strategy for its business and this impacts clearly on the revenue that is produced. The Swedish giant published the results of the first quarter in 2017, having an increase in revenue of 15.2% to 398 million Swedish Krone. In other words, they have a 6.3% profit rise in comparison with the same quarter in 2016, while operating margin came to 34.2%. The numbers are huge of course and expectedly, everyone in the Swedish gaming provider seems to be more than happy. We should just also note that the industry supplier noted that a record 15 new customer agreements, which were signed from January to March.

Per Eriksson, who is the Chief Executive in NetEnt, commented: «We continued to deliver on our growth strategy in the first quarter and revenues increased in line with our earlier comments about the quarter. For the first time, NetEnt’s games were launched on the regulated market in Mexico and the company announced that the first game for virtual reality will be developed in 2017. For the rest of 2017, we see conditions for continued solid growth supported by new games, increasing market shares in the UK, mobile growth, many new customers to be launched and our ongoing expansion in North America.».

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