The second quarter revenues increased by 29 percent
STOCKHOLM–(Business Wire)–
ALL FIGURES IN THIS REPORT ARE IN SEK. UNLESS OTHERWISE SPECIFIED THE FIGURES IN
BRACKETS ARE THE CORRESPONDING FIGURES FOR THE PREVIOUS YEAR. THIS INFORMATION
APPLIES TO THE GROUP UNLESS OTHERWISE SPECIFIED.
Second quarter
* Revenues increased by 29 percent to SEK 366.1 (284.6) million
* Operating income increased to SEK 88.0 (61.6) million, an increase of 43
percent
* Income before tax amounted to SEK 88.5 (62.0) million
* Income for the period totalled SEK 84.0 (58.9) million, corresponding to SEK
2.14 (1.50) per share
* At the end of the quarter, cash amounted to SEK 517.8 (287.9) million and the
group continues to have no interest-bearing liabilities
* The Gross Turnover in Sportsbook amounted to SEK 1 233.1 (644.8) million,
corresponding to an increase of 91 percent
* The Gross Turnover in Live betting in Sportsbook amounted to SEK 699,7 (227.6)
million, corresponding to an increase of 207 percent
* Betsson has launched LiveCasino on www.CasinoEuro.com
* Due to legal reasons, Betsson has chosen to block French citizens, this is
assumed to have a marginal impact on Betsson´s profit in the future
Interim period
* Revenues increased by 22 percent to SEK 733.8 (600.1) million
* Operating income increased to SEK 172.2 (144.0) million, an increase of 20
percent
* Income before tax amounted to SEK 173.1 (145.0) million
* Income for the period totalled SEK 164.2 (137.7) million, corresponding to SEK
4.18 (3.51) per share
Key Performance Indicators
Q2 Q2 Jan-Jun Jan-Jun Full year
2010 2009 2010 2009 2009
Totals
Revenues 366.1 284.6 733.8 600.1 1 299.7
Gross Profit 291.7 224.1 589.0 479.8 1 045.0
Operating Income 88.0 61.6 172.2 144.0 316.9
Cash 517.8 287.9 517.8 287.9 529.1
Active Customers (thousands) 288.7 185.3 288.7 185.3 288.7
Registered Customers (thousands) 2 719.3 1 777.1 2 719.3 1 777.1 2 117.8
Customer Deposits 911.1 783.1 1 876.0 1 518.7 3 258.0
Sportsbook
Gross Turnover Sportsbook 1 233.1 644.8 2 245.9 1 181.3 2 571.5
Margin after free bets, Sportsbook 7.4% 4.7% 7.5% 7.9% 8.9%
Gross Profit Sportsbook 78.0 25.8 150.0 83.2 206.6
Gross Margin Sportsbook 1) 6.3% 4.0% 6.7% 7.0% 8.0%
1) Margin after allocated costs
Fast growing Live betting in Sportsbook
“There are two important trends in the gaming industry today. One is that Live
betting in sports is increasing and second that operators are focusing in joint
online gaming solutions with other companies. Betsson is well positioned as
regards these trends, with a history of successful cooperation and one of the
strongest growing Live betting in Sports,” says Pontus Lindwall, Betsson’s
President and CEO.
Presentation of interim report
Today, Friday 23 July, at 09.00 CET, Betsson’s CEO Pontus Lindwall will present
the Interim Report through webcast at http://www.betssonab.com
(http://www.betssonab.com/) or
http://storm.zoomvisionmamato.com/player/betsson/objects/4sn2gt8v/
(http://storm.zoomvisionmamato.com/player/betsson/objects/4sn2gt8v/) or through
phone at +46 (0)8 505 598 53 (Sweden) or +44 (0)20 3043 2436 (UK). The
presentation will be in English and will be followed by a question and answer
session.
BETSSON AB`S OPERATIONS INVOLVE INVESTING IN AND MANAGING COMPANIES WHICH
PROVIDE ONLINE GAMING SERVICES TO END-CUSTOMERS. BETSSON AB OWNS BETSSON MALTA
WHICH OPERATES GAMES THROUGH PARTNERSHIPS AND TOWARDS END CUSTOMERS VIA
WWW.BETSSON.COM, WWW.CASINOEURO.COM AND WWW.CHERRYCASINO.COM. BETSSON MALTA
OFFERS POKER, CASINO, CARD GAMES, LOTTERY, BINGO AND GAMES. CUSTOMERS ARE
PRIMARILY FROM THE NORDIC REGION AND THE REST OF EUROPE. BETSSON AB IS LISTED ON
OMX NASDAQ NORDIC MID CAP LIST, (BETS).
This information was brought to you by Cision http://www.cisionwire.com
Pontus Lindwall, VD och koncernchef
tfn +46 (0)8 506 403 10
or +46 (0)708 27 51 55
pontus@betsson.com
Copyright Business Wire 2010