Press release
Fourth quarter operating income increased by 35 percent
Fourth quarter operating income increased by 35 percent
Fourth quarter
- Revenues amounted to SEK 515.2 (484.3) million and the operating margin amounted to 33.4 (26.4) percent
- Operating income amounted to SEK 172.3 (127.7) million, equivalent to an increase of 35 percent
- Income before tax amounted to SEK 172.9 (128.7) million
- Net income totaled SEK 165.8 (125.2) million, corresponding to SEK 4.01 (3.19) per share
- Betsson has no interest-bearing liabilities and liquid funds amounted to SEK 509.7 (497.1) million
- A withdrawal from a gaming account by the player who won the record jackpot at the end of the third quarter has had a negative impact of EUR 11.7 million on liquid funds
- One new B2B agreement has been signed during the quarter, with Berlingske Media in Denmark
- Betsson received a gaming license in Denmark during the quarter
- The integration of Betsafe is developing according to plan
Full year 2011
- Revenues increased by 8 percent to SEK 1,736.6 (1,603.2) million and the operating margin amounted to 32.2 (23.7) percent
- Operating income amounted to SEK 559.7 (380.6) million, equivalent to an increase of 47 percent
- Income before tax amounted to SEK 555.4 (382.5) million
- Net income totaled SEK 527.8 (365.7) million, corresponding to SEK 13.12 (9.32) per share
Key performance indicators
Q4 Q4 Jan-Dec Jan-Dec
2011 2010 2011 2010
Totals
Revenues 515,2 484,3 1 736,6 1 603,2
Gross Profit 433,3 391,5 1 428,9 1 282,1
of which Sportsbook 97.2 128.2 326.9 367,7
Operating Income 172,3 127,7 559,7 380,6
Cash 509,7 497,1 509,7 497,1
Active Customers (thousands) 403,6 300,5 403,6 300,5
Registered Customers (thousands) 3 662,4 3 158,2 3 662,4 3 158,2
Customer Deposits 1 093,5 1,104,5 3 931,6 3 894,1
Customer Deposits,
all gaming solutions 1 484,5 1,104,5 5 237,9 3 894,1
B2C Sportsbook 1)
Gross Turnover Sportsbook 590,1 1 894,1 2 588,8 5 355,7
- of which Live Betting 194,4 1 143,6 1 253,8 2 962,2
- of which Live Betting percentage 32,9% 60,4% 48,4% 55,3%
Margin after free bets, Sportsbook 6,4% 7,6% 6,9% 7,8%
Grossprofit Sportsbook, B2C 37,6 128,2 151,2 367,7
B2B Sportsbook Gross Turnover Sportsbook 1 581,2 - 4 991,6 - - of which Live Betting 1 141,7 - 3 473,6 - - of which Live Betting percentage 72,2% - 69,6% - Grossprofit Sportsbook from third party 59,6 - 175,7 -
1) First quarter 2011and earlier contains both B2B and B2C.
Betsson is stronger than ever
"- Betsson now ranks as one of the world's most influential gaming companies. We have achieved this position thanks to our strong growth and profitability as well as Betsson's long-term efforts to create attractive gaming solutions for both partners and end users. During the fourth quarter, Betsson has experienced an all-time high in both activity and deposits, while the Group sits at the forefront in the technological development towards a new, reregulated reality in Europe." states Magnus Silfverberg, President and CEO of Betsson.
Presentation of the Year-End Report
Today, Friday 10 February, at 09.00 CET, Betsson's CEO Magnus Silfverberg will present the Year-End Report from Betsson's office at Regeringsgatan 28, and through webcast at www.betssonab.com or storm.zoomvisionmamato.com/player/betsson/objects/pyqsbm5d (http://storm.zoomvisionmamato.com/player/betsson/objects/%208fm0bh3n)or 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.