Net Entertainment expects EBIT margin decline due to strategic investments
Based on the development during the first quarter 2011, Net Entertainment
expects its EBIT margin for the first quarter to be lower than in the fourth
quarter 2010. This is due to delayed revenues from regulated markets in
combination with increased product development and the strengthened Swedish
currency. This situation is expected to remain during the first half of 2011.
“From a business perspective we see future growth opportunities and a strong
demand for Net Entertainment’s products and services. We firmly believe that
the strategic investments we now undertake are necessary, and will strengthen
Net Entertainment’s position as a world leading supplier“ says Johan Öhman, Net
Entertainment’s CEO.
Net Entertainment’s first quarter interim report for 2011 will be published on
April 28 at 7.30 am. The company will provide more information on the planned
strategy and actions and the expected margin in connection with the first
quarter results announcement.
For additional information please contact;
Johan Öhman, CEO Net Entertainment; Phone +46 8 57 85 45 00
johan.ohman@netent.com
About Net Entertainment
Net Entertainment is a premium supplier of digitally distributed gaming systems
used by some of the world’s most successful online gaming operators. The Net
Entertainment casino is a complete gaming solution comprising both a complete
management platform and a full suite of high quality games. Operators are
provided a customized casino that is easily integrated ensuring short time to
market and a cost efficient operation. Net Entertainment is listed on Nasdaq
OMX Stockholm (NET-B). More information about Net Entertainment is available at
www.netent.com.