Slots Online Canada Home PageNewsNetEnt Online Slots Company Expands In First Quarter

NetEnt Online Slots company Expands in first quarter

  • Published date02 May 2015  
  • AuthorStaff Writer

NetEnt has been experiencing a steady expansion in the field of online content development for gaming, and it has explained this expansion to be one of the most prominent growths in the area of key financial market ranging between three months through March 31, 2015.

The revenue that was collected in the first quarter was SEK258.3 million which was almost equal to €27.5 million/$29.9 million, and there was also a steady growth of 37.1% regarding the SEK188.4 million which had been posted in the period of correspondence the last year.

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In the initial quarters of 2014 the operating profit escalated to 598% from SEK51.2 million and then the expansion was carried on to SEK81.8 million while this year was initiated. In the meanwhile, NetEnt’s margin of operation increased from a level of 27.2 to 31.7%.

In other places, the profit available after taxation mounted on a year-to-year basis, ranging from SEK 46.1 million to SEK 74.2 million.

Along with this, the earnings related to each share rose up to SEK1.86 before the profit diluted, and it was better from the last year’s SEK 1.17, while the earnings related to each share after dilution was over, rose up from SEK 1.16 to SEK 1.86.

The President and the CEO of NetEnt, Mr. Per Eriksson had remarked that they had made a very strong start to the year 2015, having reached new record levels regarding both profits and revenue collection.

He further added that NetEnts top rated slot games, innovative gaming solutions, along with the recent expansions in their present and future markets are the obvious reasons for their high growth and actual profits. He told that the company is constantly developing their contents and assets to scale the heights in terms of technology, quality and modernization.

Mr. Eriksson also added that regarding the second half of 2015 all the new games that have been released- including games for desktop as well as for mobiles-will get developed in HTML5, which is expected to bring some revolutionary output for the future years.

The CEO said that he is looking forward to the other halves of 2015. Since they have strong momentum and their customer offering includes some of the best regions of the world, they are perfectly prepared to gather new business opportunities with reference to the online casino gaming market.

In the meanwhile, NetEnt has also used its partnership with the Universal Studios Monsters in order to launch a new video gaming title slot.

The Universal Monsters Dracula Online Slot consists of a five-reel, four rows and also a forty line game which can be available through desktop and mobile services.

The new game has features like free spins options, symbols which are stacked, regular wilds and those that were stacked, as well as a ‘bat’ feature which can change symbols on the reels to random symbols.