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
(http://storm.zoomvisionmamato.com/player/betsson/objects/%208fm0bh3n)o
r 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.
