Second quarter revenues at Net Entertainment increased by more than 32 per cent to SEK271.2m (€29m) with operating profit in the quarter leaping by over 63 per cent to SEK92.7m (€9.9m).

NetEnt

The strong quarterly results contributed to robust H1 figures with revenues for the first six months of 2015 increasing by 34.6 per cent to SEK529.5m (€56.4m).

Operating profit for the first half of the year rose dramatically, to SEK174.5m (€18.6m), an increase of 61.7 per cent.

Per Eriksson, president and CEO, said: “The strong growth continued in the second quarter and we took several important steps towards entering new markets such as the US and Spain. We also launched operations with William Hill retail, meaning that for the first time our popular games are available in betting shops across the UK.

“The operating margin was 34.2 per cent, which is a significant improvement from last year. The margin increase was driven by growing revenues and economies of scale, offsetting continuing investments in new staff, product development and new markets.”