NetEnt AB Reports Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Sales Guidance for the Year 2016
For the six months, on consolidated basis, the company's revenues were SEK 696,127,000 compared with SEK 527,610,000 a year ago. Total operating revenues were SEK 697,418,000 compared with SEK 529,501,000 a year ago. Operating profit was SEK 250,539,000 compared with SEK 174,511,000 a year ago. Profit before tax was SEK 255,807,000 compared with SEK 174,576,000 a year ago. Profit for the period attributable to parent company shareholders was SEK 235,221,000 or SEK 0.98 per diluted share compared with SEK 160,741,000 or SEK 0.67 per diluted share a year ago. Cash flows from operating activities were SEK 286,804,000 compared with SEK 228,435,000 a year ago. Acquisition of intangible assets was SEK 75,799,000 compared with SEK 48,309,000 a year ago. Acquisition of property, plant and equipment was SEK 34,937,000 compared with SEK 21,173,000 a year ago. Return on shareholders' equity was 63.7% compared with 54.6% a year ago. As on June 30, 2016, the company's net interest-bearing liabilities was SEK 275,358,000 against SEK 219,265,000 as on June 30, 2015. Cash flow per share was negative at SEK 0.90 compared with SEK 0.44 a year ago.
For the quarter, on parent basis, the company's operating revenues were SEK 183,747,000 compared with SEK 126,945 3,000 a year ago. Operating profit was SEK 7,038,000 compared with SEK 715,000 a year ago. Profit before tax was SEK 11,082,000 compared with SEK 1,071,000 a year ago. Profit for the period was SEK 8,446,000 compared with SEK 771,000 a year ago.
For the six months, on parent basis, the company's operating revenues were SEK 353,902,000 compared with SEK 262,593,000 a year ago. Operating profit was SEK 15,847,000 compared with SEK 13,573,000 a year ago. Profit before tax was SEK 24,970,000 compared with SEK 14,514,000 a year ago. Profit for the period was SEK 19,302,000 compared with SEK 11,106,000 a year ago.
The company expects continued strong sales growth in 2016.