Interim Report for the period 1 January – 30 June 2013
Second quarter operating income increased by 26 percent
Second quarter
- Revenues amounted to SEK 579.2 (486.2) million, equivalent to an increase of 19 percent.
- Operating income amounted to SEK 137.8 (109.5) million which is equivalent to an increase of 26 percent.
- Gross profit in the Sportsbook including all gaming solutions amounted to SEK 3,447.6 (2,744.8) million, which is an equivalent to an increase of 26 percent.
- Income before tax amounted to SEK 137.5 (110.9) million which is equivalent to an increase of 24 percent.
- Net income amounted to SEK 128.3 (105.4) million, corresponding to SEK 2.95 (2.54) per share.
- Deposits in all of Betsson’s gaming solutions amounted to SEK 2,017.8 (1,509,5) million which is equivalent to an increase of 34 percent.
- During the quarter Betsson executed a technical upgrade when the brand Betsson was migrated to a common technical platform. This migration was successful.
Interim report
- Revenues increased by 19 percent to SEK 1,217.9 (1,022.2) million.
- Operating income amounted to SEK 298.9 (283.5) million.
- Income before taxes amounted to SEK 297.5 (281.9) million.
- Net income amounted to SEK 280.2 (267.7) million, corresponding to SEK 6.49 (6.41) per share.
Key Performance Indicators
| Q2 | Q2 | YTD | YTD | Full year | ||
| 2013 | 2012 | 2013 | 2012 | 2012 | ||
| Totals | ||||||
| Revenues | 579.2 | 486.2 | 1 217.9 | 1 022.2 | 2 203.7 | |
| Gross Profit | 482.7 | 407.2 | 1 022.9 | 866.1 | 1 853.7 | |
| of which Sportsbook | 126.6 | 68.9 | 290.6 | 176.7 | 432.0 | |
| Operating Income | 137.8 | 109.5 | 298.9 | 283.5 | 577.1 | |
| Liquid funds | 317.5 | 342.3 | 317.5 | 342.3 | 467.2 | |
| Active Customers (thousands) | 428.7 | 508.7 | 428.7 | 508.7 | 520.4 | |
| Registered Customers (thousands) | 6 354.9 | 5 418.0 | 6 354.9 | 5 418.0 | 5 777.9 | |
| Customer Deposits | 1 445.9 | 1 093.5 | 2 957.1 | 2 138.8 | 5 092.4 | |
| Customer Deposits, all gaming solutions | 2 017.8 | 1 505.1 | 4 131.7 | 2 973.7 | 6 888.9 | |
| B2C | ||||||
| Gross Turnover Sportsbook | 1 129.9 | 731.1 | 2 360.6 | 1 376.6 | 3 735.5 | |
| Gross Margin Sportsbook | 5.2% | 4.0% | 6.0% | 5.4% | 5.7% | |
| Grossprofit Sportsbook | 58.9 | 29.4 | 141.7 | 74.0 | 214.5 | |
| B2B | ||||||
| Gross Turnover Sportsbook | 2 317.7 | 2 013.7 | 4 960.7 | 4 012.3 | 8 357.6 | |
| Gross Margin Sportsbook | 2.9% | 2.0% | 3.0% | 2.6% | 2.6% | |
| Grossprofit Sportsbook | 67.7 | 39.5 | 148.9 | 102.7 | 217.5 |
1) Refers to margin after allocated expenses. The margin after free bets in all gaming solutions amounted to 6.5 (4.6) percent.
Stable organic growth with market-leading profitability
” Betsson continues to make investments in order to optimize its operations. During the second quarter a successful migration of Betsson.com to the common platform was executed. After this, the majority of Betssons revenues are generated on the new platform. This has strengthened the mobile offering and enables an advanced further development of the gaming experience as well as cost-efficient operations. At the same time Betsson delivers stable organic growth and one of the market’s strongest profit margins.” states Magnus Silfverberg, President and CEO of Betsson.
Presentation of the Interim Report
Today, Friday 19 July, at 09.00 CET, Betsson's CEO, Magnus Silfverberg, will present the Interim Report from Betsson’s office at Regeringsgatan 28, and through webcast at www.betssonab.com or http://storm.zoomvisionmamato.com/player/betsson/objects/91a38d5r or by phone on +46 (0)8 505 564 74 (Sweden) or +44 (0) 203 364 53 74 (UK). The presentation will be in English and will be followed by a question and answer session.
Betsson AB’s Core Business consists of owning and administering shareholdings in companies which, themselves or through partners, offer gaming to the end users via the internet. Betsson AB owns Betsson Malta which operates gaming to the end users either through their own websites or through partnerships. Betsson Malta offers Poker, Casino, Sportsbook, Scratch Cards, Bingo and Games. The customers come primarily from the Scandinavian countries and other parts of Europe. Betsson AB is listed on NASDAQ OMX Nordic Mid Cap List, (BETS).
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