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Netent full year 2015 results
NETENT DELIVERS ANOTHER IMPRESSIVE SET OF FULL YEAR RESULTS
Revenues and profit have more than doubled since 2012.
Games developer NetEnt delivered several all time high’s in robust full year 2015 results for the 12 month period ending December 31, 2015 outlined in its latest annual report.
The company attributed growing market share in the UK, new customers, mobile growth and its focus on North America as the main factors supporting its continued rise in 2015.
Key performance highlights included:
- Revenues of SEK 1,132.4 million, a 33 percent increase over 2014.
- Operating profit of SEK 401.6 million, up 35.5 percent over 2014.
- Profit after tax of SEK 374 million compared to SEK 243.2 million in 2014.
- Earning per share increased to SEK 9.34 (2014: SEK 6.10)
- Distribution to shareholders of SEK 8.00 per share (2014: SEK 5.00)
- Cash flow after investments of SEK 337.6 million (2014: SEK 243.7 million)
- Return on equity of 61.2 percent (2014: 52.5 percent)
- Net cash position at year end of SEK 402.1 million (2014: SEK 258.1 million).
2015 was liberally peppered with achievements, chief executive officer Per Eriksson said with major milestones exceeded such as recording 27.7 billion gaming transactions through its IT systems equalling over 50 transactions per minute which when put into perspective is 16 times more than the New York stock exchange.
Highest quality in customer operations and services is key, Eriksson said, along with avoiding complacency and maintaining momentum.
Looking ahead, NetEnt will target expansion in regulated markets, focus on premium digital casino products and aim for additional growth in mobile and live casino, retail and within the Asian market.
“In brief - I’m highly positive about future developments,” Ericsson concluded.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
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