International edition
October 19, 2020

Due to delayed revenues from regulated markets

Net Entertainment expects its EBIT to be lower than in 4Q

(Sweden).- Based on the development during the first quarter 2011, Net Entertainment expects its EBIT margin for the first quarter to be lower than in the fourth quarter 2010.

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his is due to delayed revenues from regulated markets in combination with increased product development and the strengthened Swedish currency. This situation is expected to remain during the first half of 2011.

“From a business perspective we see future growth opportunities and a strong demand for Net Entertainment's products and services. We firmly believe that the strategic investments we now undertake are necessary, and will strengthen Net Entertainment's position as a world leading supplier,” said Johan Öhman, NetEntertainment's CEO.

Net Entertainment's first quarter interim report for 2011 will be published on April 28. The company will provide more information on the planned strategy and actions and the expected margin in connection with the first quarter results announcement.

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