Results for the first quarter of 2013 show that Net Entertainment increased both revenue and operating profit, year on year.
Revenues for the first three months rose by 16.7 per cent to SEK148.8m (€17.4m), up from SEK127.5m (€14.9m) for the same period in 2012. Operating profit increased by SEK0.9m (€0.1m) in the quarter, up one per cent year on year. Profit after tax however fell by SEK1.7m (€0.2m).
Net Entertainment CEO Per Eriksson said the results continued to show good growth and profitability during the first quarter: “The company signed six new agreements and the number of contracts within live casino and mobile games continues to increase.
“In addition, the company continues to invest in the organisation, systems and product development for future growth on a market with great opportunities
“The number of game transactions also reached a new record of 3.9 billion in the first quarter which is an increase of approximately 30 per cent compared to last year,” added Eriksson.
In the first three months of the year, Net Entertainment signed agreements with 888 and Bonza Gaming and a further five new deals for the provision of live casino. Strong growth also continued in Italy, Net Entertainment’s second largest market.
