Second quarter operating income increased by 17 percent
Second quarter
- Revenues amounted to SEK 338.2 (366.1) million and the operating margin amounted to 30.4 (24.0 percent)
- Growth in Game win in all of Betsson´s gaming solutions (including B2B collaborations) amounted to 24 percent
- Operating income amounted to SEK 102.7 (88.0) million, equivalent to an increase of 17 percent
- Income has been negatively impacted by acquisition-related expenses for Betsafe amounting to SEK 10.1 million. Adjusted for this amount, operating income increased by 28 percent
- Income before tax amounted to SEK 103.3 (88.5) million
- Net income totaled SEK 97.9 (84.0) million, corresponding to SEK 2.47 (2.14) per share
- Gross turnover in Live betting in Sportsbook, in all of Betsson’s gaming solutions, amounted to SEK 1,199.5 (699.7) million, equivalent to an increase of 71 percent compared with the previous year’s strong second quarter
- The acquisition of Betsafe was completed during the quarter and the integration of the company is continuing according to plan
Interim period
- Revenues increased by 3 percent to SEK 755.6 (733.8) million and the operating margin amounted to 31.0 (23.5) percent
- Growth in Game win in all of Betsson´s gaming solutions (including B2B collaborations) amounted to 25 percent
- Operating income amounted to SEK 234.5 (172.2) million, equivalent to an increase of 36 percent
- Income before tax amounted to SEK 235.9 (173.1) million
- Net income totaled SEK 223.5 (164.2) million, corresponding to SEK 5.66 (4.18) per share
Key performance indicators
| Q2 | Q2 | Jan-Jun | Jan-Jun | Full year | |||
| 2011 | 2010 | 2011 | 2010 | 2010 | |||
| Totals | |||||||
| Revenues | 338.2 | 366.1 | 755.6 | 733.8 | 1 603.2 | ||
| Gross Profit | 275.6 | 291.7 | 606.4 | 589.0 | 1 282.1 | ||
| of which Sportsbook | 41.3 | 78.0 | 145.6 | 150.0 | 367.7 | ||
| Operating Income | 102.7 | 88.0 | 234.5 | 172.2 | 380.6 | ||
| Cash 1) | 195.6 | 517.8 | 195.6 | 517.8 | 497.1 | ||
| Active Customers (thousands) | 335.9 | 288.7 | 335.9 | 288.7 | 300.5 | ||
| Registered Customers (thousands) | 3 229.5 | 2 719.3 | 3 229.5 | 2 719.3 | 3 158.2 | ||
| Customer Deposits | 756.5 | 911.1 | 1 715.5 | 1 876.0 | 3 894.1 | ||
| Customer Deposits, all gaming solutions | 1 148.2 | 911.1 | 2 269.8 | 1 876.0 | 3 894.1 | ||
| Sportsbook 2) | |||||||
| Gross Turnover Sportsbook | 260.9 | 1 233.1 | 1 471.0 | 2 245.9 | 5 355.7 | ||
| - of which Live Betting | 119.0 | 699.7 | 857.3 | 1 084.9 | 2 962.2 | ||
| - of which Live Betting percentage | 46% | 57% | 58% | 48% | 55% | ||
| Margin after free bets, Sportsbook | 5.3% | 7.4% | 7.5% | 7.5% | 7.8% | ||
| Gross profit Sportsbook | 6.4 | 78.0 | 89.1 | 150.0 | 367.7 | ||
| Third party, Sportsbook | |||||||
| Gross Turnover Sportsbook | 1 544.1 | - | 2 121.5 | - | - | ||
| - of which Live Betting | 1 080.5 | - | 1 461.6 | - | - | ||
| - of which Live Betting percentage | 70% | - | 69% | - | - | ||
| Gross profit Sportsbook from third party | 34.9 | - | 56.5 | - | - |
1)The cash is negatively impacted by the acquisition of Betsafe amounting to SEK 153.8 million and the transfer to shareholders of SEK 275.8 million. Previous year the payment of SEK 353.2 million to the shareholders was done in the third quarter.
2) Own customers, which means a mixture of B2B and B2C up until first quarter 2011.
Betsson bigger every day
-“In conjunction with the acquisition of the rapidly-growing Betsafe, the customer segment B2C has been strengthened and has grown by 18 percent in the core market, the Nordic countries. For a considerable time, Betsson has been successful within B2B and is now well-positioned, both technically and business wise, for growth within B2B and B2C.” states Magnus Silfverberg, President and CEO of Betsson.
Presentation of the Interim Report
Today, Tuesday 26 July, at 09.00 CET, Betsson's CEO Magnus Silfverberg will present the Interim Report in Betssons office at Regeringsgatan 28 and through webcast at www.betssonab.com or http://storm.zoomvisionmamato.com/player/betsson/objects/8fm0bh3n 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 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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