NetEnt profits slide on rising operating costs

CEO Per Eriksson attributes flat profit margins to firm's increasing headcount and expansion into a new Malta office

NetEnt has reported a 3.9% year-on-year drop in Q4 EBIT to SEK 150m (£13.4m) as a result of higher operating expenses in the fourth quarter of 2017. Internal expansion and an increase in staff numbers resulted in a 10.2% year-on-year rise in expenses to SEK 2.7m (£242k), and a profit margin of 36%. Slow growth also contributed…

Finance | NetEnt | Per Eriksson