Last kr188.00 SEK
Change Today +1.50 / 0.80%
Volume 50.8K
NETB On Other Exchanges
Symbol
Exchange
Frankfurt
As of 11:29 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

net entertainment ne ab-b sh (NETB) Snapshot

Open
kr187.50
Previous Close
kr186.50
Day High
kr190.50
Day Low
kr187.50
52 Week High
08/27/14 - kr190.50
52 Week Low
08/29/13 - kr98.03
Market Cap
7.4B
Average Volume 10 Days
79.8K
EPS TTM
kr4.91
Shares Outstanding
34.3M
EX-Date
04/30/14
P/E TM
38.3x
Dividend
kr3.00
Dividend Yield
1.60%
Current Stock Chart for NET ENTERTAINMENT NE AB-B SH (NETB)

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net entertainment ne ab-b sh (NETB) Details

Net Entertainment NE AB (publ) develops and supplies digitally distributed gaming systems used by online gaming operators. The company offers the Net Entertainment Casino, a gaming system comprising a suite of games and a management platform; Net Entertainment Live Casino, which provides a live streaming solution; and the Net Entertainment Touch, a casino game designed for mobile users. The Net Entertainment Casino comprises approximately 150 casino style games, including various classic table games, video pokers, and slot machines to lottery games, virtual horse racing, and keno. It operates in Sweden, Malta, and internationally. Net Entertainment NE AB (publ) was founded in 1996 and is based in Stockholm, Sweden.

395 Employees
Last Reported Date: 07/11/14
Founded in 1996

net entertainment ne ab-b sh (NETB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

net entertainment ne ab-b sh (NETB) Key Developments

NetEnt Signs an Agreement with Betfair

NetEnt, Net Entertainment NE AB has signed an agreement with Betfair.

Net Entertainment Malta Ltd and Net Entertainment NE AB Announces Management Changes

Net Entertainment NE AB announced that Björn Krantz, Managing Director at Net Entertainment Malta Ltd. will lead the company's expansion into North America. Björn has agreed to lead this expansion as MD & Chief of North America Market Operations. He will be replaced in Malta by Enrico Bradamante, currently Head of Account Management and Deputy Head of Malta Operations. Enrico Bradamante has more than 19 years of experience in the IT industry of which two years at NetEnt. Prior to joining NetEnt, Enrico was GM Document Imaging & Vice President Commercial Business at Kodak EMEA. Enrico will, with this new position, be part of the NetEnt Senior Management Team from January 2015.

Net Entertainment NE AB Reports Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Revenue Guidance for the Year of 2014

Net Entertainment NE AB reported consolidated and parent earnings results for the second quarter and six months ended June 30, 2014. For the quarter, on consolidated basis, the company's revenues were SEK 204,700,000 compared with SEK 148,253,000 a year ago. During the second quarter, revenues were positively affected by increased volumes from existing customers but also due to setup fees in conjunction with several new agreements that were signed in the quarter. Total operating revenues were SEK 204,975,000 compared with SEK 148,707,000 a year ago. Operating profit was SEK 56,743,000 compared with SEK 38,703,000 a year ago. Profit before tax was SEK 57,668,000 compared with SEK 42,669,000 a year ago. Profit attributable to parent company shareholders was SEK 52,486,000 or SEK 1.32 per diluted share compared with SEK 39,575,000 or SEK 1.00 per diluted share a year ago. Cash flows from operating activities were SEK 117,596,000 compared with SEK 46,588,000 a year ago. Acquisition of intangible assets was SEK 21,053,000 compared with SEK 30,107,000 a year ago. Acquisition of property, plant and equipment was SEK 8,385,000 compared with SEK 7,361,000 a year ago. Return on shareholders' equity was 51.4% compared with 48.0% a year ago. Cash flow per share was negative at SEK 0.77 compared with SEK 2.02 a year ago. For the six months, on consolidated basis, the company's revenues were SEK 392,684,000 compared with SEK 296,749,000 a year ago. The revenue increase is primarily a result of increased volumes compared to the same period previous year which in turn is due to the launch of several successful games in combination with increased volumes from mobile games and new markets. Total operating revenues were SEK 393,381,000 compared with SEK 297,463,000 a year ago. Operating profit was SEK 107,948,000 compared with SEK 79,658,000 a year ago. Profit before tax was SEK 108,233,000 compared with SEK 79,208,000 a year ago. Profit attributable to parent company shareholders was SEK 98,613,000 or SEK 2.48 per diluted share compared with SEK 73,414,000 or SEK 1.85 per diluted share a year ago. Cash flows from operating activities were SEK 191,939,000 compared with SEK 116,109,000 a year ago. Acquisition of intangible assets was SEK 43,318,000 compared with SEK 53,554,000 a year ago. Acquisition of property, plant and equipment was SEK 118,261,000 compared with SEK 14,803,000 a year ago. Return on shareholders' equity was 51.4% compared with 48.0% a year ago. As on June 30, 2014, the company's net interest-bearing liabilities was SEK 119,047,000 against SEK 37,577,000 as on June 30, 2013. For the quarter, on parent basis, the company's revenues were SEK 117,734,000 compared with SEK 100,379,000 a year ago. Operating profit was SEK 10,418,000 compared with SEK 5,000,000 a year ago. Profit before tax was SEK 10,976,000 compared with SEK 6,437,000 a year ago. Profit for the period was SEK 8,536,000 compared with SEK 4,964,000 a year ago. For the six months, on parent basis, the company's revenues were SEK 230,474,000 compared with SEK 195,230,000 a year ago. Operating profit was SEK 19,250,000 compared with SEK 7,339,000 a year ago. Profit before tax was SEK 19,992,000 compared with SEK 8,385,000 a year ago. Profit for the period was SEK 15,459,000 compared with SEK 6,336,000 a year ago. Investments in property, plant and equipment amounted to SEK 8.8 million compared with SEK 3.9 million a year ago. The parent company’s investments in intangible assets amounted to SEK 1.5 million for the period. NetEnt sees a solid underlying growth and has made several investments during 2012 and 2013 which now are starting to generate revenue. As previously communicated initiatives such as new customers in the UK and Live Casino takes time to reach its full capacity. Revenues are however expected to continue to increase gradually for these initiatives during 2014 and onwards.

 

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Industry Analysis

NETB

Industry Average

Valuation NETB Industry Range
Price/Earnings 37.0x
Price/Sales 9.8x
Price/Book 19.2x
Price/Cash Flow 19.8x
TEV/Sales 8.3x
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