Publishing a corporate update, Stockholm-listed industry games developer NetEnt has detailed that its Q4 2017 results (period ending 31 December) will ‘lag behind market forecasts’.
Updating stakeholders, NetEnt governance expects to deliver Q4 2017 corporate revenues of SEK 419 million (Q4 target: SEK 447 million), combined with a period EBIT of circa SEK 150 million (Q4 target: SEK 170 million).
The games developer details that its revenue growth was impacted by changing regulatory requirements within the markets of Australia, Poland and the Czech Republic, which saw the company ‘phase-out’ delivery of its games portfolio to market clients.
Furthermore, NetEnt governance detailed that underlying growth in certain markets had been lower than expected during the trading period.
The firm’s revised Q4 2017 expectations, follows a bull run of trading results for NetEnt, which has delivered consistent quarterly growth throughout its history as a Stockholm-listed enterprise, focusing growth on regulated markets and expanding its commercial pipeline.
NetEnt governance will announce its full Q4 2017 earnings results on Thursday 15 February, followed by the publication of its 2017 full-year results on Friday 2 April 2018.