Preliminary revenues and operating profit for NetEnt in the fourth quarter of 2017
In the fourth quarter 2017, total revenues for NetEnt amounted to around SEK 419 million and operating profit is expected to be about SEK 150 million. This is below market expectations for the period.
The difference between market estimates and the preliminary operating profit of NetEnt in the fourth quarter 2017 is due to lower-than-expected revenue growth. During 2017, NetEnt phased out deliveries of games to operators in Australia, Poland and Czech Republic. In the fourth quarter, this had a negative effect on revenue growth of around three percentage points. Further, underlying revenue growth in some of NetEnt’s markets was lower than expected in the quarter.
NetEnt’s business continued to generate a solid cash flow in the fourth quarter and the dividend for 2017 will be at least in line with 2016 year’s level.
A telephone conference will be held today at 9:30 a.m. (CET) with NetEnt’s President and CEO Per Eriksson and Therese Hillman, CFO. To participate in the telephone conference, with the possibility to ask questions, please dial:
UK: +44 20 30089801
SE: +46 8 56642662
The conference call will also be available on the web, the link is https://tv.streamfabriken.com/2018-01-16-pressconference
The financial figures presented above are preliminary. The earnings report for the fourth quarter and full year 2017 will be released as planned on February 15th, 2018 at 7.30 a.m. (CET).
For additional information please contact:
Per Eriksson, President and CEO of NetEnt
Phone: +46 8 5785 4500
per.eriksson@netent.com
Therese Hillman, CFO of NetEnt
Phone: +46 8 5785 4500
therese.hillman@netent.com
Roland Glasfors, Investor Relations, NetEnt
Phone +46 760 024 863
roland.glasfors@netent.com
This information is information that NetEnt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on January 16th, 2018.
About NetEnt
NetEnt AB (publ) is a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs more than 900 people in Stockholm, Malta, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey. www.netent.com