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NetEnt announces restructuring of reorganisation to optimise its operations.

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NORDIC BUSINESS REPORT-December 13, 2018-NetEnt announces restructuring of reorganisation to optimise its operations.

(C)2018 M2 COMMUNICATIONS http://www.m2.com

NetEnt AB (STO:NETB), a digital entertainment company, announced on Wednesday that it is streamlining restructuring the organisation, which will lead to staff reductions in Stockholm.

Reportedly, this action is being taken to optimise the company's operations.

This reorganisation is expected to result in non-recurring costs of approximately SEK25m, which will be booked in the fourth quarter of 2018. Out of these costs, SEK5m relate to a write-down of intangible assets regarding a development project in the area of Virtual Reality.

This restructuring affects 55 full-time positions, most of which are in Stockholm and within corporate support functions. These changes are taking place during December 2018 and will lead to a reallocation of...

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