NetEnt says weak revenue growth and the phasing out of games to operators in Australia, Poland and Czech Republic lies behind worse-than-expected fourth quarter results for the igaming supplier.
Operating profit for Q4 2017 is expected to be SEK150m, with total revenues at SEK419m, below market expectations. The phasing out of the three territories had a negative effect on revenue growth of three per cent, while underlying growth in some markets was lower than forecast.
NetEnt stated that the business continues to generate a solid cash flow in the fourth quarter, with the dividend for 2017 to be at least in line with the previous year.
