Good results for NetEnt


Revenues, profits and margins rise at Swedish online gambling software developer

Software provider Net Entertainment has reported another set of strong results for the half year to June 30th 2009, with revenues, profits and margins all up.

H1 revenues climbed 53 percent to SEK138.8 million (H1 2008: SEK90.9 million), whilst operating profit rose 59 percent to SEK54.9 million and profit after tax soared by 65.4 percent to SEK54.5 million.

The company also reported operating margins up 0.8 percent to 39.5 percent, and EBITDA of SEK25.3 million, up from SEK18.3 million

A lucky online gambler impacted the firm's Q2 cashflow by winning a SEK 47.3 million jackpot, one of NetEnt’s largest yet and paid out in a lump sum.

On the personnel front, the company reported the hiring as COO and md for sales and marketing of Björn Krantz, who takes up his responsibilities in Malta on September 1st.

New licensees during the review period included Nordic operator Paf, which ordered download and browser-based versions of NetEnt's CasinoModule in a four year deal. The company is also gearing up for the launch of its CasinoCafé product, and expects orders for CasinoModule from Paf, Expekt and Sportingbet to boost revenues.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United States played Aztec Empire

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    24
  • Members Online
    418
  • Guests
    2,365
Highest Community Rated Online Casinos
NextCasino
  (111 Ratings)
Bet365 Games
  (128 Ratings)
CasinoLuck
  (173 Ratings)
Betsson Casino
  (162 Ratings)
Guts Casino
  (127 Ratings)
Slotty Vegas
  (71 Ratings)
Unibet Casino
  (99 Ratings)
BitCasino.io
  (117 Ratings)
Redbet Casino
  (103 Ratings)
Betsafe Casino
  (134 Ratings)
Spin Palace Casino
  (91 Ratings)
Intertops Casino Classic
  (77 Ratings)
ComeOn Casino
  (187 Ratings)
Liberty Slots Casino
  (127 Ratings)
Mr Green Casino
  (236 Ratings)
Winner Casino
  (297 Ratings)
Vera John Casino
  (142 Ratings)
Casumo
  (89 Ratings)
Thrills Casino
  (99 Ratings)
3Dice Casino
  (190 Ratings)
Jetbull Casino
  (72 Ratings)
River Nile Casino
  (79 Ratings)
Uptown Aces
  (84 Ratings)
32 Red Casino
  (229 Ratings)
Intertops Red Casino
  (82 Ratings)
Whitebet Casino
  (66 Ratings)
BETAT Casino
  (144 Ratings)
Ruby Fortune Casino
  (113 Ratings)
Sin City Casino
  (69 Ratings)
Crazy Vegas
  (127 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus