Fourth quarter operating income increased by 35 percent
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.
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