Scandinavian digital entertainment company, Net Entertainment has had a very successful 2014 based upon the information made available via its 2014 annual report.
This report is relevant to the period starting January 1st and ending December 31st, 2014.
NetEnt Initiatives for 2014 – A Synopsis
The year 2014 has been a very good one for Net Entertainment from practically every point of view.
The company has achieved an annual growth rate of 35%, thanks in part to its revenues for the year that amount to an impressive SEK 851,662,597.
The company has managed to achieve an equally creditable 30.7% operating margin. The company has been successful at increasing shareholder value by taking up the earnings per share when compared to the immediate previous years
Net Entertainment has worked steadily to bring about the good performance of 2014. In the first quarter of 2014, steps were taken to enter into various new markets.
The company signed an agreement with the UK based GameAccount Network to enter the regulated yet highly lucrative Italian market.
Further, the company launched a new slot game, Aliens, during this quarter and Jack and the Beanstalk slot game was also launched at this time. The company also bagged Innovator of the Year award announced by the International Gaming Awards.
More agreements were signed in the second quarter, the most notable ones being with online betting companies, bwin.party and Betfair.
More recognition came the company’s way with the highly coveted Digital Gaming Innovation of the Year award at the glittering Las Vegas based Global Gaming Awards.
NetEnt was also presented with the Leader of the Year award at a very important event known as the Women in Gaming Awards.
The company signed an agreement with one of the leading poker companies, the Rational Group, for its immensely popular and exciting Full Tilt Poker.
NetEnt also entered into an agreement with sports betting firm, William Hill. The Norse themed video slot game, Hall of Gods had a €7.4 million jackpot.
NetEnt also collected three significant awards at the eGaming Review B2B Awards.
NetEnt entered into important licensing agreements in the last quarter of 2014. The company also developed a game, The Invisible Man, in HTML5 for the very first time, targeting mobile and desktop users at the same time.
NetEnt’s CEO’s Statement
The President and Chief Executive Officer of NetEnt, Per Eriksson, also spoke about the many good achievements in 2014. He spoke in particular about the need to enter new markets and improve operational efficiencies.
Net Entertainment’s 2014 Operating Numbers
Net Entertainment has grown at a very fast pace since its inception in 1996.
One of the best known companies in the world of digital entertainment, the company’s main focus is on creating entertaining slot games, alongside other games such as roulette, blackjack, poker and other exciting casino games.
It also offers a high quality gaming platform. With the top gaming companies as its customers, this company has to work hard continuously to stay ahead of its competitors.
Since people from all over the world play these games, they are available in 25 languages. There are 591 people on this company’s payroll with half of its managers being women.
An award-winning company, Net Entertainment has managed to be on the upper side of all things it has dabbled in. From launching their own online casino to eventually becoming a gaming developer and supplier, it has indeed come a long way!