Second quarter operating income increased by 26 percent
Second quarter
· Revenues amounted to SEK 579.2 (486.2) million, equivalent to an increase of
19 percent.
· Operating income amounted to SEK 137.8 (109.5) million which is equivalent
to an increase of 26 percent.
· Gross profit in the Sportsbook including all gaming solutions amounted to
SEK 3,447.6 (2,744.8) million, which is an equivalent to an increase of 26
percent.
· Income before tax amounted to SEK 137.5 (110.9) million which is equivalent
to an increase of 24 percent.
· Net income amounted to SEK 128.3 (105.4) million, corresponding to SEK 2.95
(2.54) per share.
· Deposits in all of Betsson’s gaming solutions amounted to SEK 2,017.8
(1,509,5) million which is equivalent to an increase of 34 percent.
· During the quarter Betsson executed a technical upgrade when the brand
Betsson was migrated to a common technical platform. This migration was
successful.
Interim report
· Revenues increased by 19 percent to SEK 1,217.9 (1,022.2) million.
· Operating income amounted to SEK 298.9 (283.5) million.
· Income before taxes amounted to SEK 297.5 (281.9) million.
· Net income amounted to SEK 280.2 (267.7) million, corresponding to SEK 6.49
(6.41) per share.
Key Performance Indicators
Q2 Q2 YTD YTD Full year
2013 2012 2013 2012 2012
Totals
Revenues 579.2 486.2 1 217.9 1 022.2 2 203.7
Gross Profit 482.7 407.2 1 022.9 866.1 1 853.7
of which Sportsbook 126.6 68.9 290.6 176.7 432.0
Operating Income 137.8 109.5 298.9 283.5 577.1
Liquid funds 317.5 342.3 317.5 342.3 467.2
Active Customers 428.7 508.7 428.7 508.7 520.4
(thousands)
Registered 6 354.9 5 418.0 6 354.9 5 418.0 5 777.9
Customers
(thousands)
Customer Deposits 1 445.9 1 093.5 2 957.1 2 138.8 5 092.4
Customer Deposits, 2 017.8 1 505.1 4 131.7 2 973.7 6 888.9
all gaming
solutions
B2C
Gross Turnover 1 129.9 731.1 2 360.6 1 376.6 3 735.5
Sportsbook
Gross Margin 5.2% 4.0% 6.0% 5.4% 5.7%
Sportsbook
Grossprofit 58.9 29.4 141.7 74.0 214.5
Sportsbook
B2B
Gross Turnover 2 317.7 2 013.7 4 960.7 4 012.3 8 357.6
Sportsbook
Gross Margin 2.9% 2.0% 3.0% 2.6% 2.6%
Sportsbook
Grossprofit 67.7 39.5 148.9 102.7 217.5
Sportsbook
1) Refers to margin after allocated expenses. The margin after free bets
in all gaming solutions amounted to 6.5 (4.6) percent.
Stable organic growth with market-leading profitability
” Betsson continues to make investments in order to optimize its operations.
During the second quarter a successful migration of Betsson.com to the common
platform was executed. After this, the majority of Betssons revenues are
generated on the new platform. This has strengthened the mobile offering and
enables an advanced further development of the gaming experience as well as cost
-efficient operations. At the same time Betsson delivers stable organic growth
and one of the market’s strongest profit margins.” states Magnus Silfverberg,
President and CEO of Betsson.
Presentation of the Interim Report
Today, Friday 19 July, 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/91a38d5r or by phone on
+46 (0)8 505 564 74 (Sweden) or +44 (0) 203 364 53 74 (UK). The presentation
will be in English and will be followed by a question and answer session.
Betsson AB’s Core Business consists of owning and administering shareholdings in
companies which, themselves or through partners, offer gaming to the end users
via the internet. Betsson AB owns Betsson Malta which operates gaming to the end
users either through their own websites or through partnerships. Betsson Malta
offers Poker, Casino, Sportsbook, Scratch Cards, Bingo and Games. The
customers come primarily from the Scandinavian countries and other parts of
Europe. Betsson AB is listed on NASDAQ OMX Nordic Mid Cap List, (BETS).
