Betting Promotion: INTERIM REPORT Q3 2011


July - September 2011

  • Betting turnover: 1,475 SEK million (1,701)
  • Net turnover after trading fees: 3.4 SEK  million (13.4)
  • Gross margin:  0.23% (0.79) [1]
  • Operating income: -3.0 SEK  million (6.2)
  • Operating margin:  -88% (47)[2]
  • Net income from continuing operations: -2.6 SEK  million (4.7)
  • Profit per share from continued operations: -0.27 SEK (0.50)

 

January – September 2011

  • Betting turnover: 4,951 SEK  million (5,857)
  • Net turnover after trading fees: 6.9 SEK  million (31.0)
  • Gross margin:  0.14% (0.53)
  • Operating income: -12.4 SEK  million (12.3)
  • Operating margin: -180%  (40)
  • Net income from continuing operations: -12.9 SEK  million (13.1)
  • Profit per share from continuing operations: -1.36 SEK (1.37)

 

[1] Net Turnover after trading fees as percent of Betting Turnover

[2] Operating Income as percent of Net Turnover after trading fees

 

 

Managing Director Comments

"The results in the pre-live product were disappointing during this quarter.  I expect that the margin will improve now that the season has restarted.  The live product has certainly shown good margins but we have alot of work ahead of us in order to participate more actively in this product.    I am very pleased that we have started to achieve betting turnover with good margins from the bookmaker product. We have also signed several new contracts which will lead to more turnover in the future. We have great potential to achieve growth in this product,"says Betting Promotion's CEO Johan Moazed.

 

This report has been reviewed by the auditors.

This Interim Report is published in Swedish and English. In the event of any difference between the English version and the Swedish original, the Swedish version shall prevail.

 

For further information please contact:

Johan Moazed, Managing director of Betting Promotion Sweden AB.

Telephone +46 40 611 84 94

 


Attachments

Betting_Promotion_Q3___Interim_report_2011[1].pdf