Finance

NetEnt shares down 19% after missing revenue forecasts

Group CEO Per Eriksson says exiting Poland, Australia and Czech Republic in 2017 resulted in lower-than-expected revenues

NetEnt has reported lower-than-expected revenue growth for Q4 2017, due in part to the supplier phasing out its games in certain markets. In a trading update this morning, the provider revealed revenues for the period increased 3% year-on-year to SEK 419m (£37.9m), with an expected operating profit of approximately SEK 150m (£13.5m). Group CEO Per…

Czech Republic | Finance | Finance | Net Ent | Net Entertainment

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