INTERIM REPORT FOR THE PERIOD 1 JANUARY – 31 MARCH 2011
Operating income increased by 57 percent
First quarter
- Revenues increased by 14 percent to SEK 417.4 (367.7) million
- Growth in Game win in all of Betsson´s gaming solutions (including B2B collaborations) amounted to 25 percent
- Operating income amounted to SEK 131.8 (84.2) million, equivalent to an increase of 57 percent
- Income before tax amounted to SEK 132.6 (84.6) million
- Net income totaled SEK 125.6 (80.2) million, corresponding to SEK 3.19 (2.04) per share
- Gross turnover in Live betting in Sportsbook, in all of Betsson’s gaming solutions, amounted to SEK 1,119.4 (385.2) million, equivalent to an increase of 191 percent
- Cash and cash equivalents at the end of the quarter amounted to SEK 535.8 (520.4) million and the Group remains free from interest-bearing liabilities
- The divestment of the Turkish client base was completed during the quarter, which positively impacted the operating income by SEK 16.9 million
Key performance indicators
| Q1 | Q1 | Full year | ||||
| 2011 | 2010 | 2010 | ||||
| Totals | ||||||
| Revenues | 417.4 | 367.7 | 1 603.2 | |||
| Gross Profit | 330.8 | 297.3 | 1 282.1 | |||
| Operating Income | 131.8 | 84.2 | 380.6 | |||
| Cash | 535.8 | 520.4 | 497.1 | |||
| Active Customers (thousands) | 335.5 | 318.6 | 300.5 | |||
| Registered Customers (thousands) | 2 786.8 | 2 414.9 | 3 158.2 | |||
| Customer Deposits | 959.0 | 964.9 | 3 894.1 | |||
| Customer Deposits including Platform | 1 121.6 | 964.9 | 3 894.1 | |||
| Sportsbook | ||||||
| Gross Turnover Sportsbook | 1 210.1 | 1 012.8 | 5 355.7 | |||
| - of which Live Betting | 738.3 | 385.2 | 2 962.2 | |||
| - of which Live Betting percentage | 61.0% | 38.0% | 55.3% | |||
| Margin after free bets, Sportsbook | 8.0% | 7.6% | 7.8% | |||
| Gross Profit Sportsbook | 82.7 | 72.0 | 367.7 | |||
| Gross Margin Sportsbook 1) | 6.8% | 7.1% | 6.9% | |||
| 1) Margin after allocated costs | ||||||
| Sportsbook including Platform | ||||||
| Gross Turnover Sportsbook including Platform | 1 787.5 | 1 012.8 | 5 355.7 | |||
| - of which Live Betting including Platform | 1 119.4 | 385.2 | 2 962.2 | |||
| - of which Live Betting percentage | 62.6% | 38.0% | 55.3% |
One small step for the player, one giant leap for the gaming industry
-”During the quarter, Betsson implemented a complete third-party solution which includes a world class Sportsbook. In addition to the B2B technological advances, the activity in Betsson´s different gaming solutions has been high.” - states Pontus Lindwall, President and CEO of Betsson.
Presentation of the Interim Report
Today, Thursday 28 April, at 09.00 CET, Betsson's CEO Pontus Lindwall will present the Interim Report through webcast at www.betssonab.com or http://storm.zoomvisionmamato.com/player/betsson/objects/34hdy9xz or through phone at +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.casinoeuro.com and www.cherrycasino.com. Betsson Malta offers Poker, Casino, Sports betting, Scratch Cards, Bingo and Games. The customers mainly orginate 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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