New records set by NetEnt and trends for 2017 revealed
A lot regarding the development and the track the iGaming operator is following is justly revealed in the final year-end 2016 and Q4 stats for NetEnt that are finally available.
Figures for Q4
A massive 23.9% revenue increase to SEK 400 million was achieved by NetEnt as per Q4 2016 stats figures. Splitting the numbers into details we can observe an increase of 28.1% of up to SEK 156 million for the operating profit and a huge jump of 37.7% for the operating margin.
"A 29.6% jump
in profit after tax of SEK 150 million was also experienced by the iGaming operator ."
Figures for the year
While their operating profit grew by 33.4% to SEK 536 million, NetEnt's revenues increased by 28.5% to SEK 1,455 million. The operating margin for 2016 rose to 35.5% and their profit after tax increased with a massive 34.9% to SEK 504 million.
Keeping the lead
13 new customer agreements were concluded and 12 new customer’s casinos were opened by NetEnt in the 4th Quarter. Throughout the whole 2016, NetEnt signed 45 new customer agreements, launched 34 new customer's casinos and secured 31 more signed 2017 customers.
NetEnt continued to expand by wrapping up some profitable bargains like the retail deal with Gauselmann for a gaming netent slots machines market in Italy and the a retail agreement with Paddy Power for gaming machines in Great Britain. They also contracted with Codere as their online games distributor for Mexico. Further to that, NetEnt launched in Bulgaria and Portugal’s regulated markets.
One of the breakthroughs for NetEnt was the mobile casino solution for Live Casino Roulette that they developed in 2016. The game Guns ‘n Roses, a part of NetEnt Rocks game trilogy that was also released the same year, won the best game of the year award at the EGR Operator Awards in London!
What will the future bring?
While referring to 2016 as to yet another thrilling for NetEnt year due to new record levels in revenue, income and cash flow, President and CEO Per Eriksson applauded Great Britain for becoming their “largest geographical market for the first time”. After these impressive achievements, one can only speculate what the future holds.
According to Eriksson, 2017 will bring an ongoing increase for NetEnt and a variety of quality new games for the market. The objectives include other launches in UK, opening mobile casinos and North America expansion.
The overall behavior of the market can be significantly influenced by NetEnt’s strategic course and steady growth.
Enjoy the vast range of possibilities that the iGaming giant can offer at your favourite NetEnt casinos.