Fourth quarter operating income increased by 35 percent
2/10/2012 1:30 AM EST
Fourth quarter operating income increased by 35 percent
Fourth quarter
- Revenues amounted to SEK 515.2 (484.3) million and the operating margin amounted to 33.4 (26.4) percent
- Operating income amounted to SEK 172.3 (127.7) million, equivalent to an increase of 35 percent
- Income before tax amounted to SEK 172.9 (128.7) million
- Net income totaled SEK 165.8 (125.2) million, corresponding to SEK 4.01 (3.19) per share
- Betsson has no interest-bearing liabilities and liquid funds amounted to SEK 509.7 (497.1) million
- A withdrawal from a gaming account by the player who won the record jackpot at the end of the third quarter has had a negative impact of EUR 11.7 million on liquid funds
- One new B2B agreement has been signed during the quarter, with Berlingske Media in Denmark
- Betsson received a gaming license in Denmark during the quarter
- The integration of Betsafe is developing according to plan
Full year 2011
- Revenues increased by 8 percent to SEK 1,736.6 (1,603.2) million and the operating margin amounted to 32.2 (23.7) percent
- Operating income amounted to SEK 559.7 (380.6) million, equivalent to an increase of 47 percent
- Income before tax amounted to SEK 555.4 (382.5) million
- Net income totaled SEK 527.8 (365.7) million, corresponding to SEK 13.12 (9.32) per share
Key performance indicators
|
|
Q4 |
Q4 |
|
Jan-Dec |
Jan-Dec |
|
|
2011 |
2010 |
|
2011 |
2010 |
| Totals |
|
|
|
|
|
|
| Revenues |
|
515,2 |
484,3 |
|
1 736,6 |
1 603,2 |
| Gross Profit |
|
433,3 |
391,5 |
|
1 428,9 |
1 282,1 |
| of which Sportsbook |
|
97.2 |
128.2 |
|
326.9 |
367,7 |
| Operating Income |
|
172,3 |
127,7 |
|
559,7 |
380,6 |
| Cash |
|
509,7 |
497,1 |
|
509,7 |
497,1 |
| Active Customers (thousands) |
|
403,6 |
300,5 |
|
403,6 |
300,5 |
| Registered Customers (thousands) |
|
3 662,4 |
3 158,2 |
|
3 662,4 |
3 158,2 |
| Customer Deposits |
|
1 093,5 |
1,104,5 |
|
3 931,6 |
3 894,1 |
| Customer Deposits, all gaming solutions |
|
1 484,5 |
1,104,5 |
|
5 237,9 |
3 894,1 |
| B2C Sportsbook 1) |
|
|
|
|
|
|
| Gross Turnover Sportsbook |
|
590,1 |
1 894,1 |
|
2 588,8 |
5 355,7 |
| - of which Live Betting |
|
194,4 |
1 143,6 |
|
1 253,8 |
2 962,2 |
| - of which Live Betting percentage |
|
32,9% |
60,4% |
|
48,4% |
55,3% |
| Margin after free bets, Sportsbook |
|
6,4% |
7,6% |
|
6,9% |
7,8% |
| Grossprofit Sportsbook, B2C |
|
37,6 |
128,2 |
|
151,2 |
367,7 |
|
|
|
|
|
|
|
| B2B Sportsbook |
|
|
|
|
|
|
| Gross Turnover Sportsbook |
|
1 581,2 |
- |
|
4 991,6 |
- |
| - of which Live Betting |
|
1 141,7 |
- |
|
3 473,6 |
- |
| - of which Live Betting percentage |
|
72,2% |
- |
|
69,6% |
- |
| Grossprofit Sportsbook from third party |
|
59,6 |
- |
|
175,7 |
- |
1) First quarter 2011and earlier contains both B2B and B2C.
Betsson is stronger than ever
“- Betsson now ranks as one of the world’s most influential gaming companies. We have achieved this position thanks to our strong growth and profitability as well as Betsson’s long-term efforts to create attractive gaming solutions for both partners and end users. During the fourth quarter, Betsson has experienced an all-time high in both activity and deposits, while the Group sits at the forefront in the technological development towards a new, reregulated reality in Europe.” states Magnus Silfverberg, President and CEO of Betsson.
Presentation of the Year-End Report
Today, Friday 10 February, at 09.00 CET, Betsson's CEO Magnus Silfverberg will present the Year-End Report from Betsson’s office at Regeringsgatan 28, and through webcast at www.betssonab.com or storm.zoomvisionmamato.com/player/betsson/objects/pyqsbm5d or by phone on +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.