Positive results for the Quarter by NetEnt shows Effective Engagement
NetEnt is known by many for their animations and the sense of humour. They have tirelessly worked hard to have their user engagement advanced. This Swedish games provider has done great with their latest quality games and it is evident that their efforts are paying off and will get them to higher heights.
Their customer Engagement has yielded positive results
This gaming provider has for sometime been fine tuning their animations. In this exercise, they have combined their developments with cheekiness of in-game play which has been welcomed heartily by the players.
From their January-June interim report for 2015, it is evident that in the second quarter of 2015; their revenues have increased by 32.3% to SEK 271.2 million. This has yielded a profit of about SEK 90.7 million on their operations. This brings the increase to about 63% and an operation margin of 34.2%.
There were significant profits that were released after taxations. The profits after tax jumped 64.9% to SEK 86.5 million. The earnings per share were bullish as well getting to SEK 2.17 before dilution and SEK 2.16 after dilution.
Their expansion work seems to be working
Net Entertainment has been expanding their customer base at a healthy rate. This is evident through their licensing agreements they reached with nine new customers, where eight of the casinos have been launched this far.
The second quarter of their operations year also saw them launch services and sites for online heavyweights with bwin.party, PokerStars, Gamesys and Danske Spil were among their client base. NetEnt has expanded significantly; their got into the North American market through a cross-license deal with IGT. They also got into Spain with a local gaming license in Spain. They are also in New Jersey through two customer deals which were signed with Bwin/Borgata and Caesars Interactive Entertainment. They further strengthened their standing in IGaming-popular UK through the launch for an in-house game for William Hill betting shops. These ventures by NetEnt into large but regulated markets show how wide NetEnt’s distribution of their games has become big and available to the global market.
The CEO and president to NetEnt; Per Eriksson confirmed that the company is fulfilling a strategic mandate in their growth through their expansion into regulated markets. Their figures in the quarterly financial reports show that the company is meeting and surpassing their expectations.