Geographical spread and cost control provide profitability despite market challenges
Quarter April – June 2019 · Group revenue was SEK 1,277.7 (1,346.4) million, a decrease of 5 percent with an organic decrease of 4 percent. · Casino revenue declined by 10 percent and Sportsbook revenue grew by 14 percent, with a sportsbook margin of 7.8 (6.3) percent. · Operating income (EBIT) was SEK 196.9 (300.7) million, equivalent to an EBIT margin of 15.4 (22.3) percent. · The underlying EBIT (adjusted for a SEK 19 million fine) was SEK 215.9 million, equivalent to a margin of 16.9 percent. · Operating cash flow amounted to 390.6 (271.2), an increase of 44 percent.