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NetEnt, the growth continues

17 Feb 2017

NetEnt is one of the most known gaming developers in the gambling industry, with many of their games and slots having become great hits. And as it show, their economical uprising continues, since they declared full-year 2016 corporate revenues of SEK 1.45 billion (£130 million). Closing its full-year 2016 performance, NetEnt governance would declare a group operating profit of SEK 536 million (£48 million) up 33% on corresponding 2015’s SEK 402 million (£36 million).

And 2017 is going to be even greater for the Swedish games developer, especially after the new deals that they have made for partnerships with Paddy Power, Gauselmann Italy and Codere Spain. Moreover, they are about to add even more freat games to their portfolio, while at the same time they am to find even more new markets to get into powerfully. Per Eriksson, who is the Chief Executive of NetEnt, said: «2016 was another exciting year for NetEnt with new record levels in revenues, earnings and cash flow. The fourth quarter developed well – revenues increased by 23.9% and the operating margin improved to 39%. The company signed 45 new customer agreements and launched its games with 34 new customers in 2016.NetEnt’s games were also launched on the regulated markets in Romania, Bulgaria and Portugal last year, following new licenses and certifications.».

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NetEnt, the growth continues

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