GOOD PROFITABILITY IN A MODESTLY GROWING POKER MARKET
JANUARY - MARCH
- Net sales amounted to SEK 98.8 (121.1) million, a decline of 18.4%. There
were two main reasons for the decline - the unfavorable Euro exchange rate had
a negative effect of SEK 10 million on net sales compared with the same period
the previous year, and that the Q1 net sales in 2009 included SEK 10 million
related to the discontinued Cardroom2.
- EBITDA amounted to SEK 13.5 (19.4) million, a decline of 30.4%.
- Operating profit amounted to SEK 10.3 (16.3) million, a decline of 36.8%. The
unfavourable Euro exchange rate and the closure of Cardroom2 affected the
operating profit negatively with 4.5 million.
- Profit after tax attributable to equity holders of the parent amounted to SEK
10.7 (16.5) million. Earnings per share was SEK 1.03 (1.59).
- Cash flow from operations before changes in working capital was SEK 12.1
(19.7) million.
- The number of active players increased, but there was a decline in player
yield.
- Agreement signed with Betsson.
