The online gaming content developer Net Entertainment (NetEnt) made a statement revealing a 35% increase in its annual revenues. The company also reported a rise of 46% in its operating profit. The satisfactory results are considered to be due to the fact that the company managed to roll out its casinos in a total of 28 new customers.
According to NetEnt’s statement, the company’s total revenues for the fiscal year that ended on December 31st amounted to SEK851.7 million. In comparison, the result posted by the company for the financial 2013 was estimated to SEK630.7 million. The operating profit of the Sweden-based gaming content developer rose from SEK179.7 million a year ago to SEK261.7 million.
The results reported by NetEnt for 2014 broadly corresponded to the annual trends at a time when the company’s revenues for the fourth quarter rose by 34% and reached SEK214.1 million. The gaming operator also shared that its operating profit over the fourth three months of the fiscal year grew by 45% to SEK80.3 million.
More than 30 licensing agreements were signed by the company in 2014. Ten of them were finalized over the last quarter, while 28 new casinos were unveiled.
A collaboration agreement with GameAccount was reached by NetEnt in March 2014. In December, the company managed to report an increased amount of its games supplied into the regulated Italian market through the likes of Snai, Eurobet and Sisal.
Italy was pointed out as one of the top three markets of the company by the Chief Executive Officer Par Eriksson, who spoke to some analysts. Mr. Eriksson also shared that Sweden and Norway are also seen as the other most beneficial markets of the operator. Still, the markets of UK and Spain are planned by NetEnt to be some of paramount priorities over 2015.
As shared by reputable local media, Mr. Eriksson share in a statement: “…we are preparing to enter North America and Spain during 2015 but other new markets could also be of interest, if and when the circumstances are right”.
Consolidating its positions in Spain and the UK is not the only goal of the operator, which is also expected to go live in the US via New Jersey later in 2015. NetEnt has not provided any specific information for its partners in the US, but it has recently announced several agreements signed with the parent company of bwin.party and PokerStars – the Rational Group.
