NetEnt Reveals What Is To Come And Set New Records
The Q4 statistics and final year-end report for 2016 for NetEnt revealed much when it comes to the direction the popular iGaming developer is heading towards in the near future. NetEnt enjoyed a phenomenal 23.9% revenue up to SEK 400 million increase according to its 2016 Fourth Quarter report, while the companies operating profit shows a 28.1% increase of up to SEK 156 million and a massive growth of 37.7% was experienced in its operating margin. NetEnt also enjoyed a 29.6% growth in profit after tax of SEK 150 million.
Yearly NetEnt Figures
NetEnt’s revenues enjoyed an impressive increased to SEK 1,455 million of 28.5%, while the developers also had an operating profit increased to SEK 536 million by 33.4%. NetEnt’s yearly operating margin went up to 35.5% for the 2016 and its profit after tax for the year increased by a significant 34.9% to SEK 504 million.
Remaining In The Lead
In the fourth Quarter, NetEnt were delighted to report that the company signed up thirteen new clients agreements and launched twelve new casinos on behalf of customers. For the 2016 year NetEnt signed a total of forty-five brand new contracts, launched thirty-four new casinos and secured another thirty-one customers contracts for 2017.
In 2016, NetEnt signed a retail contract with Gauselmann, a gaming machines market in Italy and also entered into a partnership with Paddy Power for Great Britain. NetEnt also signed a contract with Codere for the distribution of online games in Mexico and further launched in Portugal, and the Bulgaria regulated markets while the developer also signed distribution contracts in Mexico.
Break-Trough’s That Are Game-Changing
A Live Roulette solution for mobile casinos was developed by NetEnt that also released a gaming collection named NetEnt Rocks in 2016 the trilogy contained three titles inspired by rock legends. The NetEnt Rocks selection celebrates the music and lives of Jimmy Hendrix, Motorhead and Guns N Roses. The launch of Guns N Roses marked the most successful online slot ever, and the game went on to win the best game of the year award in London at the EGR Operator Awards event.
2016 was called an another year of excitement by Per Eriksson, NetEnt’s President and CEO, due to extraordinary record levels achieved in earnings, revenues, and cash flow. The CEO also applauded Great Britain since it evolved into its biggest geographical market, and it is easy to imagine that the company continues will reach new heights in the future. Erickson shared that for NetEnt, 2017 will be a year of new releases and continued growth and part of the future will include the launching of UK mobile casinos while expansion into North America is also part of the company’s plans.
NetEnt’s substantial growth and strategic development might just influence the overall behavior of the gambling market significantly. Experience everything that this remarkable developer has to offer at your favorite NetEnt Online Casino since NetEnt already revealed an exciting new collection titled Fairytale Legends of which the first edition Red Riding Hood was released at the end of 2016.