Interim report for the period 1 January – 31 March 2012
All figures in this report are expressed in SEK. Figures in parentheses refer to the corresponding figures for the previous year, unless stated otherwise. this information applies to the Group, unless stated otherwise.
First quarter operating income increased by 32 percent
First quarter
- Revenues amounted to SEK 536.1 (417.4) million, equivalent to an increase of 28 percent
- Operating income amounted to SEK 174.1 (131.8) million, equivalent to an increase of 32 percent
- The operating margin amounted to 32.5 (31.6) percent
- Income before tax amounted to SEK 171.0 (132.6) million
- Net income totaled SEK 162.3 (125.6) million, corresponding to SEK 3.91 (3.19) per share
- Liquid funds amounted to SEK 588.4 (535.8) million
- Betsson paid the final supplementary purchase consideration of EUR 12.5 million to Betsafe’s former shareholders during the quarter, by providing 608,817 newly issued Class B shares in Betsson
- Betsson launched during the quarter four new gaming sites on the newly regulated Danish market
- On January 23, Betsson was awarded “Online Sportsbook Operator of the Year” by IGA
- Betsson signed, in the beginning of the first quarter, a share transfer agreement to acquire Nordic Gaming Group
Key performance indicators
| Q1 | Q1 | Full year | ||
| 2012 | 2011 | 2011 | ||
| Totals | ||||
| Revenues | 536.1 | 417.4 | 1 736.6 | |
| Gross Profit | 459.0 | 330.8 | 1 428.9 | |
| of which Sportsbook | 107.8 | 104.3 | 326.9 | |
| Operating Income | 174.1 | 131.8 | 559.7 | |
| Cash and Liquid funds | 588.4 | 535.8 | 509.7 | |
| Active Customers (thousands) | 405.0 | 335.5 | 403.6 | |
| Registered Customers (thousands) | 3 906.3 | 2 587.3 | 3 662.4 | |
| Customer Deposits | 1 045.3 | 959.0 | 3 931.6 | |
| Customer Deposits, all gaming solutions | 1 468.6 | 1 121.6 | 5 237.9 | |
| B2C, Sportsbook | ||||
| Gross Turnover, Sportsbook | 645.5 | 146.7 | 1 525.4 | |
| Gross margin, Sportsbook | 6.9% | 9.5% | 5.4% | |
| Grossprofit, Sportsbook | 44.6 | 14.0 | 82.5 | |
| B2B Sportsbook | ||||
| Gross Turnover, Sportsbook | 1 998.6 | 1 640.8 | 6 055.0 | |
| Gross margin, Sportsbook | 3.2% | 5.5% | 4.0% | |
| Grossprofit, Sportsbook | 63.2 | 90.2 | 244.3 |
Betsson continue to experience stable growth and strong profitability
“- Betsson is strengthening its position prior to the European Championship in Football through another acquisition which adds more Sportsbook players. This adds to a Sportsbook already undergoing strong development, shown by the first quarter growth of 48% in total Gross Turnover.” states Magnus Silfverberg, President and CEO of Betsson.
Presentation of the Interim Report
Today, Friday 27 April, 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/f8ac4vdp 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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