Net Entertainment Releases 4th Quarter And Full Year Figures
The Swedish online casino game developer and provider Net Entertainment has just released its 4th quarter and full year figures for 2014.
Overall 2014 can be viewed as being a very successful year for Net Entertainment, with the company achieving record levels of cash flow, operating profit, revenues and proposed benefits to its shareholders.
Following we present some abbreviated facts and figures which we have taken from Net Entertainment’s end of year financial report, which can be viewed in full on their official website.
Net Entertainment’s Fourth Quarter Of 2014
A summary of some of Net Entertainments key 4th quarter financial achievements are as follows:
- A revenue increase of 33.8% was achieved to attain a total figure of $180.1 million.
- An operating profit increase of 44.5% was achieved to attain a total figure of $55.6 million.
- An operating margin improvement of 33.3% achieved.
- An after tax profit of $53.5 million was recorded.
Some of Net Entertainment’s key 4th quarter accomplishments include:
- The signing of 10 new license agreements along with the launching of 6 new casinos for Net Entertainment customers.
- The first Net Entertainment slots title (The Invisible Man) to be produced entirely with HTML5 technology.
- The launch of Entertainment branded titles into the Italian gaming market in partnership with GameAccount Network.
Net Entertainment’s Full Year Of 2014
A summary of some of Net Entertainments key 2014 financial achievements are as follows:
- A revenue increase of 35% was achieved to attain a total figure of $630.7 million.
- An operating profit increase of 45.6% was achieved to attain a total figure of $179.7 million.
- An operating margin improvement of 30.7% achieved.
- An after tax profit of $167.1 million was recorded.
- A proposed benefit to shareholders of $3 per share.
Some of Net Entertainment’s key 4th quarter accomplishments include:
- The signing of 31 new license agreements along with the launching of 28 new casinos for Net Entertainment customers.
- 23 new casino games developed for the desktop platform and 13 new casino game developed for the mobile platform.
Comment From Net Entertainment
Commenting on the release of the full 2014 financial figures report Per Eriksson, who acts in the position of Chief Executive Officer at Net Entertainment, stated that the past years revenue growth for the Swedish company was the highest that it had ever recorded.
Mr Eriksson pointed to a growing customer base as being an underlying cause of Net Entertainment’s admirable financial performance, with the number of game transactions conducted through the company also hitting a record high during the 2014 period.
Mr Eriksson also made mention of Net Entertainment’s expansion strategy into a number of regional markets, including Italy and the United Kingdom, where Net Entertainment is acting in a pro-active manner in an effort to appease local regulatory authorities, in the hope that they can achieve commercial success in the new gaming markets that they are hoping to operate within.
