INTERIM REPORT FOR THE PERIOD 1 JANUARY – 30 SEPTEMBER 2011
Third quarter revenues increased by 21 percent
Third quarter
- Revenues amounted to SEK 465.7 (385.1) million and the operating margin amounted to 32.8 (21.0) percent
- Operating income amounted to SEK 152.8 (80.7) million, equivalent to an increase of 89 percent
- Income before tax amounted to SEK 146.5 (80.7) million
- Net income totaled SEK 138.4 (76.3) million, corresponding to SEK 3.40 (1.94) per share
- Betsson has no interest-bearing liabilities and liquid funds amounted to SEK 490.3 (377.3) million
- Three new B2B collaborations have been launched during the quarter
- Betsson has applied for gaming licenses in Italy and Denmark
- The integration of Betsafe is developing according to plan
Interim period
- Revenues increased by 9.2 percent to SEK 1,221.4 (1,118.9) million and the operating margin amounted to 31.7 (22.6) percent
- Operating income amounted to SEK 387.4 (252.9) million, equivalent to an increase of 53 percent
- Income before tax amounted to SEK 382,5 (253.8) million
- Net income totaled SEK 362.0 (240.5) million, corresponding to SEK 9.08 (6.13) per share
Key performance indicators
| Q3 | Q3 | Jan-Sep | Jan-Sep | Full year | |||
| 2011 | 2010 | 2011 | 2010 | 2010 | |||
| Totals | |||||||
| Revenues | 465.7 | 385.1 | 1 221.4 | 1 118.9 | 1 603.2 | ||
| Gross Profit | 389.1 | 301.6 | 995.6 | 890.6 | 1 282.1 | ||
| of which Sportsbook | 84.1 | 78.0 | 229.7 | 150.0 | 367.7 | ||
| Operating Income | 152.8 | 80.7 | 387.4 | 252.9 | 380.6 | ||
| Liquid funds 1) | 490.3 | 377.3 | 490.3 | 377.3 | 497.1 | ||
| Active Customers (thousands) | 382.9 | 255.7 | 382.9 | 255.7 | 300.5 | ||
| Registered Customers (thousands) | 3 424.1 | 2 833.9 | 3 424.1 | 2 833.9 | 3 158.2 | ||
| Customer Deposits | 1 122.6 | 913.6 | 2 838.1 | 2 789.6 | 3 894.1 | ||
| Customer Deposits. all gaming solutions | 1 483.6 | 913.6 | 3 753.4 | 2 789.6 | 3 894.1 | ||
| Sportsbook 2) | |||||||
| Gross Turnover Sportsbook | 527.7 | 1 215.7 | 1 998.7 | 3 461.6 | 5 355.7 | ||
| - of which Live Betting | 202.1 | 733.7 | 1 059.4 | 1 818.6 | 2 962.2 | ||
| - of which Live Betting percentage | 38.3% | 60.4% | 53.0% | 52.5% | 55.3% | ||
| Margin after free bets. Sportsbook | 7.6% | 8.6% | 7.0% | 7.9% | 7.8% | ||
| Gross Profit Sportsbook. B2C | 24.5 | 89.5 | 113.6 | 239.5 | 367.7 | ||
| Third party. Sportsbook | |||||||
| Gross Turnover Sportsbook | 1 288.9 | - | 3 410.4 | - | - | ||
| - of which Live Betting | 870.3 | - | 2 331.9 | - | - | ||
| - of which Live Betting percentage | 67.5% | - | 68.4% | - | - | ||
| Gross Profit Sportsbook from third party | 59.6 | - | 116.1 | - | - |
1) Available liquid funds amounted to SEK 176.5 (211.9) million which derives from liquid funds amounted to SEK 490.3 (377.3) million deducted with customer liabilities including the provision for earned jackpots, amounted to SEK 313.8 (165.4) million.
2) Own customers, which means a mixture of B2B and B2C up until first quarter 2011.
All Time High for Betsson
-“The B2C segment is displaying the highest level of underlying activity which we have ever seen and the B2B segment has launched three new collaborations. At the same time, we are adapting the Group to comply with new regulations across Europe. Being able to make these changes while posting good results is proof of our strength.” states Magnus Silfverberg, President and CEO of Betsson.
Presentation of the Interim Report
Today, Friday 28 October, 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/3fdkj8qs 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.
Betsson AB’s Core Business consists of investing and administering shareholding in companies, which through partners or by themselves, offers games to the end users via the internet. Betsson AB owns Betsson Malta which operates games through partnerships and the websites www.betsson.com, www.betsafe.com, www.casinoeuro.com and www.cherrycasino.com. Betsson Malta offers Poker, Casino, Sports betting, Scratch Cards, Bingo and Games. The customers mainly originate 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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