Fourth quarter revenues increased by 26 percent
Fourth quarter
· Revenues increased by 26 percent to SEK 484.3 (382.9) million, the
largest ever reported quarterly revenue
· Operating income increased to SEK 127.7 (93.5) million
· Operating income was negatively impacted by a net cost of SEK 2.8
(3.0) million referring to the currency translation of balance sheet
items
· The net effect from capitalizations and amortizations of capitalized
development costs amounted to a cost of SEK 1.5 (revenue 6.1)
million
· Income before tax amounted to SEK 128.7 (94.3) million
· Net income totalled SEK 125.2 (90.0) million, corresponding to SEK
3.19 (2.29) per share
· Cash amounted to SEK 497.1 (529.1) million and the Group continues
to have no interest-bearing liabilities
· Gross Turnover in Sportsbook amounted to SEK 1 894.1 (755.3)
million, corresponding to an increase of 151 percent
· Gross Turnover in Live betting in Sportsbook amounted to SEK 1 144.0
(231.9) million - an increase of 393 percent
· The quarter's customer deposits were in excess of one billion SEK,
the Group's highest level of deposits to date for an individual quarter
· Betsson established operations in India and secures B2B-contract
with Asian operator
· Betsson signed agreements to sell Turkish client base and signed
B2B-contract for the delivery of complete gaming platform
· In line with the B2B-strategy, Betsson has in 2011 entered an
agreement with the objective of initiating a Joint Venture in Italy.
· Betsson has in 2011 entered an agreement with the objective to
establish operations in China, together with a Chinese state owned
company
Full year
· Revenues increased by 23 percent to SEK 1 603.2 (1 299.7) million
· Operating income increased to SEK 380.6 (316.9) million
· Operating income has been charged with a cost of SEK 19.4 (2.8)
million referring to the currency translation of balance sheet items
· The net effect from capitalizations and amortization of capitalized
development costs amounted to a cost of SEK 16.6 (revenue 23.8) million
· Income before tax amounted to SEK 382.5 (318.9) million, an increase
of 20 percent
· Net income totalled SEK 365.7 (303.3) million, corresponding to SEK
9.32 (7.73) per share
Key Performance Indicators
Key Performance Indicators (MSEK) Q4 Q4 Full Year
Full Year
2010 2009 2010
2009
Totals
Revenues 484.3 382.9 1 603.2 1
299.7
Gross Profit 391.5 312.2 1 282.1 1
045.0
Operating Income 127.7 93.5 380.6
316.9
Cash 497.1 529.1 497.1
529.1
Active Customers (thousands) 300.5 288.7 300.5
288.7
Registered Customers (thousands) 3 158.2 2 117.8 3 158.2 2
117.8
Customer Deposits 1 104.5 915.7 3 894.1 3
258.0
Sportsbook
Gross Turnover Sportsbook 1 894.1 755.3 5 355.7 2
571.5
- of which Live Betting 60.4% 30.7% 55.3%
31.2%
Margin after free bets, Sportsbook 7.6% 12.0% 7.8%
8.9%
Gross Profit Sportsbook 128.2 82.0 367.7
206.6
Gross Margin Sportsbook 1) 6.8% 10.9% 6.9%
8.0%
1)Margin after allocated cost
Fourth quarter is the strongest ever for Betsson
-”Today Betsson offers one of the world's best sportsbooks, and this
something players in the Nordic region, as well as in other regions,
have become aware of and Betsson can, therefore, report growth of 78
percent in sportsbook for the full year 2010. At the same time, Betsson
has shown that the Company is a technically leading B2B-supplier of a
gaming platform which is in demand in a variety of global locations”,
states Pontus Lindwall, Betsson's Managing Director and CEO.
Presentation of full year report
Today, Friday 11 February, at 09.00 CET, Betsson's CEO Pontus Lindwall
will present the Full Year Report through webcast at
http://www.betssonab.com (http://www.betssonab.com/) or
http://storm.zoomvisionmamato.com/player/betsson/objects/x7hrtg0f (http:
//storm.zoomvisionmamato.com/player/betsson/objects/x7hrtg0f) 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 OWNING AND ADMINISTER SHARES IN
COMPANIES WHICH, THROUGH PARTNERS OR BY THEM SELVES OFFER GAMES TO THE
END USERS THROUGH INTERNET. BETSSON AB OWNS BETSSON MALTA WHICH OFFERS
GAMES THROUGH PARTNERSHIPS AND THE OWN WEBSITES WWW.BETSSON.COM,
WWW.CASINOEURO.COM AND
WWW.CHERRYCASINO.COM (http://www.cherrycasino.com/). BETSSON MALTA
OFFERS POKER, CASINO, SPORTS BETTING, LOTTERY, 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
