Year-end report 2016: Strong end to the year

All amounts in the report relate to the Group and are stated in SEK thousands, unless otherwise indicated. Figures in brackets refer to the corresponding period the previous year.

Fourth quarter

  • Revenue amounted to SEK 35,204 (3,155) thousand, an increase of 1016%.
  • Adjusted operating profit/loss before depreciation and amortisation (adjusted EBITDA), excluding non-recurring items attributable to the acquisition of HLM, amounted to SEK 19,754 (-929) thousand. Non-recurring costs attributable to the HLM acquisition amounted to SEK 2,403 thousand.
  • Operating profit/loss was SEK 17,113 (-1,205) thousand.

Full year 2016

  • Revenue amounted to SEK 48,937 (10,480) thousand, an increase of 367%.
  • Adjusted operating profit/loss before depreciation and amortisation (adjusted EBITDA), excluding non-recurring items attributable to the acquisition of HLM, amounted to SEK 18,114 (-4,214) thousand.
  • Operating profit/loss was SEK 15,047 (-4,844) thousand.

Significant events in the fourth quarter

  • Net Gaming completed the acquisition of Highlight Media on 14 October 2016. HLM’s operations were consolidated into Net Gaming on 14 October 2016.
  • The investment company Varenne has invested in Net Gaming.
  • CEO Marcus Teilman has subscribed for 1 million options, with the right to subscribe for 1 million shares in Net Gaming.
  • The Extraordinary General Meeting on 14 November 2016 adopted the proposed convertible loan.
  • Jonas Bertilsson, Investment Manager at Varenne, was elected as a new Board member at the Extraordinary General Meeting on 14 November.
  • Net Gaming listed its bond on First North Bond Market in December 2016.

 

For further information, please contact:

Marcus Teilman, CEO
Telephone: +356 9936 7352

Net Gaming Europe AB (publ)
Telephone: +46 8-410 380 44
E-mail: [email protected]