After having shown a favorable first quarter, NetEnt has also shown considerable growth and profits in the second quarter. NetEnt has released its mid-year interim report.
Interim Report June 2016
In the second quarter of 2016, NetEnt’s revenues were up by 29.8%. The company’s operating profit increased by 32.1%, and the operating margin was 34.2%. Profits after tax increased by 31.1%. During this quarter, NetEnt launched six new customer casinos, and signed a total of 12 new customer agreements. Mobile gaming revenues doubled when compared to the figures from the second quarter 2015.
Notable events that took place in the second quarter of 2016 include NetEnt obtaining gaming licenses in Romania, going live with Tropicana in New Jersey, and an important customer agreement with the Rank Group.
NetEnt also won awards in the prestigious eGR B2B Awards ceremony, acknowledging the company’s significant contribution to the gaming world. The digital entertainment company took home the Innovation in Mobile, Innovation in Slot Provision, and the RNG Casino Supplier awards.
When looking at the first six months of 2016, NetEnt saw a revenue increase of 31.7%, and an operating profit increase of 43.6%. The operating margin was 25.9%, and the profit after tax reached a huge 46.3% increase. Over the first six month, NetEnt launched 14 new customer casinos, and signed new customer agreements with 21 parties.
Per Eriksson, the President and Chief Executive Officer of NetEnt, commented on the company’s achievements in the first half of 2016: “The second quarter featured strong demand for our products and strong growth. Revenues increased by 30 percent and operating profit rose by 32 percent. The operating margin was 34.8 percent, which was an improvement compared to the previous year. I am optimistic going into the second half of 2016 – the conditions look good for continued strong growth.”
NetEnt Aims Towards Gender Balance in the Workplace
As can clearly be seen by the NetEnt interim report for the first half of this year, the company has continued to stay at the forefront of the digital gaming industry.
NetEnt has moved forward not only in its general growth, but has also taken steps towards gender balance in the workplace. NetEnt has set a target to have a 50/50 gender balance across the company by 2020. To this end, the company was happy to have been on the receiving end of rewards and nominations at the Women in Gaming Awards that took place in London in May.