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Earnings report 2011
2012-02-09 07:30
- Revenues for the full year increased by 16.1 % to SEK 427.6 (368.3) million
- Operating profit amounted to SEK 129.7 (136.4) million
- Operating margin was 30.3 (37.0) %, 31.9 % excluding costs amounting to SEK
6.7 million related to former senior executives
- Profit after tax amounted to SEK 115.6 (120.5) million
- Earnings per share amounted to SEK 2.92 (3.05) before and after dilution
- Seven new license agreements were signed, including G.Matica and Sky Betting
& Gaming. Eleven new customers' casinos were launched
- Proposed transfer to shareholders is SEK 2.00 (2.00) per share
Comments from Björn Krantz, Acting CEO Net Entertainment:
Year 2011 was a year of new markets and product initiatives to secure continued
solid growth for Net Entertainment moving forward. Revenues increased by 21.6
percent during the fourth quarter which is a result of organic growth. Net
Entertainment has been successful in strengthening the position as a leading
supplier of games and systems within online casino and our focus on customer
closeness and product and technology leadership will continue to differentiate
us. During 2011 our market share in Europe increased to 22.4 percent compared
to 19.3 percent in year 2010 1.
Net Entertainment has a clear focus on online casino and to complement the
existing product portfolio and strengthen the Company’s offering it was decided
during the fourth quarter to launch our own Live Casino product with a planned
release around year-end 2012. Live Casino is a relatively new form of gaming
which has proven to be successful and is also expected to show good growth in
the coming years.
We are committed to and take part in the ongoing regulation of our industry in
Europe. Whether Net Entertainment enters a regulated market or not, is
evaluated from case to case with regards to the financial, organizational and
the strategic impact on the Company as a whole. Net Entertainment was among the
first to enter Italy which regulated the market in July 2011 and Denmark which
was regulated in January 2012.
We have now commercially launched five out of eight operators in Italy. The
roll-out of remaining customers will take place as soon as practically
possible. In addition, it is our ambition to launch slots as soon as the
Italian authority allows it.
As a response to the growing mobile market the first mobile games were
completed and launch took place according to plan during December 2011. Ongoing
launches of new mobile games will take place during 2012 and we will monitor
the development closely. The launch of new customers will take place
continuously during 2012.
Several successful games have been lunched during 2011. Frankenstein was
developed as part of our collaboration with Universal Studios and during the
fourth quarter the development of Scarface was initiated which is one of the
most well known brands ever in the movie industry. Two new platinum games were
launched during the year, Robin Hood and Jack and the Beanstalk with graphics
and a gaming experience which truly proves why Net Entertainment is the leading
premium supplier of online games on the market today.
We will continue to invest in our business and organization to secure the
opportunities identified by the Company, and to ensure short and long term
competitiveness. We are taking another step towards becoming a full scale
provider within online casino and it is very exciting to be able to offer our
partners a broader product portfolio which strengthens both business and
customer value in our strategic delivery responsibility as a supplier. I am
convinced that Net Entertainment is well positioned for 2012 and I look forward
to another exciting year.
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Originally Posted by Slot Mad
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