New client growth drives NetEnt 2015 revenue & profits

perericksonNew client growth in the US, UK and Europe has helped Stockholm listed igaming content provider NetEnt AB post a FY 2015 revenue increase of SEK 1.1 billion (£910 million) up 34% on FY 2014’s SEK 850 million.

Publishing its year-end 2015 performance (period January – December 2015), NetEnt governance recorded corporate earnings of SEK 401 million (£33 million) with a profit after tax of SEK 374 million (£30 million), up 54% on FY 2014’s SEK 243 million.

Posting top-line growth on all key metrics, NetEnt governance detailed that 2015 performance had been driven by new commercial agreements as the company signed 37 new casino content partners during the year and launched 43 new license agreements.

In 2015, NetEnt announced new content partnerships with Gala Coral UK, Gamesys, Tropicana and Grupo Codere (Spain) expanding its games partnership portfolio. New client acquisitions were further boosted as the company was able to maintain an operating margin of 35% (2014’s 30%).

Per Eriksson CEO & President of NetEnt commented on corporate performance

“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. In the fourth quarter we signed 14 new customers and launched 16 new customers, while we continued to see strong underlying growth among our existing customers.

“Customer satisfaction is the foundation for our long-term growth and our approach is to have a business partner mindset for shared success. In our annual customer survey, 99 percent of all our customers expressed that NetEnt has a top reputation in the industry. Innovation is a key word in everything we do and in November we won the prestigious prize “Game of the Year”

Announcing its FY 2015 results, NetEnt AB governance has outlined a proposed shareholder transfer of SEK 8 per share

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