NetEnt AB (publ) has received the ruling from the Administrative Court of Appeal
in the previously reported dispute with the Swedish Tax Agency. The
Administrative Court of Appeal has approved NetEnt’s appeal and reversed the
earlier ruling by the Administrative Court and the Swedish Tax Agency’s review.
NetEnt will receive 1.8 MSEK in compensation for legal costs in relation to the
dispute but apart from this, the ruling will not have any impact on the
Company’s reported earnings or financial position.
The ruling by the Administrative Court of Appeal concerns the Swedish Tax
Agency’s decision to impose additional taxes on NetEnt in the amount of
approximately SEK 94.4 million with regards to the financial years 2007–2010,
which is the amount that NetEnt has reported as a contingent liability during
the course of the dispute.
NetEnt and its legal advisors have insisted that the Company has complied with
applicable laws for taxation of its operations, and has thus not made any
provisions in relation to the dispute. Hence, the ruling will not impact
NetEnt’s reported earnings or financial position apart from the compensation for
legal costs.
NetEnt and its legal counsel find that the ruling reflects the view that the
Company has held throughout the process.
For additional information please contact:
Maria Hedengren, CFO, NetEnt AB (publ)
Phone +46 8 57 85 45 00
maria.hedengren@netent.com
Anna Romboli, Communications Director, NetEnt AB (publ)
Phone +46 8 57 85 45 00
anna.romboli@netent.com
The information contained in this press release is such that NetEnt AB (publ) is
required to disclose pursuant to the Swedish Financial Instruments Trading Act
and/or the Swedish Securities Markets Act. The information was submitted for
publication on March 10, 2016 at 07.30 a.m. CET.
About NetEnt
NetEnt AB (publ) is a leading digital entertainment company, providing premium
gaming solutions to the world’s most successful online casino operators. Since
its inception in 1996, NetEnt has been a true pioneer in driving the market with
thrilling games powered by a cutting-edge platform. NetEnt is committed to
helping customers stay ahead of the competition, is listed on NASDAQ Stockholm
(NET–B) and employs 700 people in Stockholm, Malta, Kiev, Gothenburg, Gibraltar
and New Jersey. www.netent.com
