The formal annual report for NetEnt AB consists of the administration report and the accompanying financial statements on pages 20–91. The annual report is published in Swedish and English. The Swedish version is the original and has been audited by NetEnt’s independent auditors.
HIGHLIGHTS:
- Revenues SEK 1,793 million
- EBIT SEK 529 million
- Earnings per share SEK 1.79
- Dividend per share SEK 1.001
Revenues by region:
- UK 15%
- Sweden 8%
- Other Nordic 15%
- Other Europe 48%
- Rest of world 14%
2019 achievements
• In September, the company acquired 100% of the shares in Red Tiger Gaming Limited for GBP 200 million, plus a conditional consi- deration of GBP 23 million. Red Tiger is a global supplier of online slot games for gaming operators and is most known for its daily jackpot games.
• The Swedish market was re-regulated starting in January 2019. The new regula- tions introduced a number of restrictions, for example a ban on bonuses for existing players. These restrictions led to challenges for the entire industry and significantly lower revenues compared to previous years.
• The positive development in the USA conti- nued with strong growth in New Jersey and the launch of games in Pennsylvania in July.
• A subsidiary was established and recruit- ments were made in the UK, which is the company’s largest market.
• A new management team took over the Live Casino business area, and a number of improvements were implemented to create a more competitive product.
• Work continued to streamline the opera- tions in the Group, and the number of new game releases was higher than ever before, 31 compared to 21 in 2018, despite fewer employees.
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