In its interim report for the three months to March 31, Net Entertainment has reported a 37.1 per cent increase in revenues to SEK 258.3 (€27.5m) up from SEK 188.4m (€20.1m) for the same period in 2014.
Operating profit rose by 59.8 per cent to SEK 81.8m (€8.7m), with profit after tax of SEK 74.2m (€7.2m) – an increase of 60.9 per cent year on year.
In the quarter, NetEnt signed 11 new licensing agreements - including Danske Spil in Denmark, Codere in Spain and Gamesys in the UK - and launched seven new customer casinos. NetEnt also launched casino games with Rational Group´s Full Tilt.
Per Eriksson, president and CEO, said in a statement: “We have made a very strong start to 2015, reaching new record levels for both revenues and profits.
“Our innovative gaming solutions as well as our strong expansion on new and existing markets are among the reasons for the high growth and good profits.
“We achieved this strong increase despite our continuing investments in new staff and an enhanced mobile offering. During the quarter we handled a full 6.5 billion transactions in our systems, representing an increase of 30.8 per cent from last year,” said Eriksson.
“Mobile gaming continues to grow fast and accounted for 20.6 per cent of total game win in the first quarter – almost a doubling from the level in Q1 2014.”
