Net Ent Highlights SEK 401 Million Third Quarter Revenues

This story was published more than 2 years ago.

Swedish gaming group Net Ent has released their latest set of financial numbers, noting that revenues were up 12.3% during the last quarter.

Financial results for the third quarter ending September 30th, 2017 were:

  • Revenues of SEK 401 million, up 12.3% from the SEK 357 million hauled in last year
  • Operating profit up 20.5% to SEK 156 million
  • Operating margin up 38.9%
  • Post-tax profit up 19.4% to SEK 142 million
  • Earnings per share of SEK 0.59, up SEK 0.09 from last year

For the first nine months of the year, revenues are up 14.3% to SEK 1.2 billion.

Commenting on his group's performance Net Ent CEO Per Eriksson said, "The third quarter was another solid quarter for NetEnt; revenues increased by 12 % and the operating margin was significantly better than in the third quarter of last year. Mobile games and regulated markets such as the UK, Italy and Spain contributed the most to our growth."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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31 October 2017 - 9:59am
#1

Well, not much to say about it, obviously they are one of the best managed brands (along with the quality product they offer) so the continuing growth in revenues are not surprising really and just confirms the development despite that NetEnt already been one of the market leaders for years.

lvblck
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31 October 2017 - 11:08am
#2

Netent is clearly the industry leader so I am not surprised that they are doing so well at all. I am expecting these numbers to grow even more.