Finance

NetEnt to cut costs as slow growth continues into Q1

Supplier also appoints a new chairman of the board following the departure of Vigo Carlund

NetEnt this morning reported revenue growth of 9.2% to SEK 430m (£36.2m) for Q1 2018, as the supplier also appoints a new chairman to replace Vigo Carlund. Interim CEO Therese Hillman attributed the quarter’s continued slow growth to currency exchange fees and said margins fell 1pp thanks to a one-off severance payment to former CEO…

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