2018 Was a Stellar Year for Net Entertainment

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2018 Was a Stellar Year for Net Entertainment

2018 was a stellar year for Net Entertainment! The number one gaming and solutions provider reported a solid year performance with revenues increasing to SEK 1,782 million.

NetEnt’s key highlights for last year were SEK 577 million profit after tax, earnings per share amounted to SEK 2.40 after dilution, 31 new customer agreement contracts, more than 37 new NetEnt powered online casinos launched and EBITDA of SEK 816 million.

Included in NetEnt’s full report, operating profits were SEK 601 million, a 33.7% margin. About 33% of the gaming providers profits came from locally regulated markets in Q4 2018. Shareholders seen a proposed cash return of SEK 2.25, the same as 2017.

Net Entertainment underwent some major changes last year, with the changes not really affecting the company’s performance. One of those changes were a corporate restructure. A new Head of Live Casino was appointed, and other new management positions created within.

NetEnt is anticipating on launching several new games this year. The total, as of now, is 30-35. Last year they only launched 21, so already 2019 is going to be one of the company’s strongest years. Of the key highlights and strong performance there comes some downfalls. One of those downfalls for this year is an anticipated 55 full-time jobs cut to help keep continued investments flowing and keep costs under control.

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