Press release
Interim report, 1 January - 30 June 2010The second quarter revenues increased by 29 percent
ALL FIGURES IN THIS REPORT ARE IN SEK. UNLESS OTHERWISE SPECIFIED THE FIGURES IN BRACKETS ARE THE CORRESPONDING FIGURES FOR THE PREVIOUS YEAR. THIS INFORMATION APPLIES TO THE GROUP UNLESS OTHERWISE SPECIFIED.
Second quarter
- Revenues increased by 29 percent to SEK 366.1 (284.6) million
- Operating income increased to SEK 88.0 (61.6) million, an increase of 43 percent
- Income before tax amounted to SEK 88.5 (62.0) million
- Income for the period totalled SEK 84.0 (58.9) million, corresponding to SEK 2.14 (1.50) per share
- At the end of the quarter, cash amounted to SEK 517.8 (287.9) million and the group continues to have no interest-bearing liabilities
- The Gross Turnover in Sportsbook amounted to SEK 1 233.1 (644.8) million, corresponding to an increase of 91 percent
- The Gross Turnover in Live betting in Sportsbook amounted to SEK 699,7 (227.6) million, corresponding to an increase of 207 percent
- Betsson has launched LiveCasino on www.CasinoEuro.com
- Due to legal reasons, Betsson has chosen to block French citizens, this is assumed to have a marginal impact on Betsson's profit in the future
Interim period
- Revenues increased by 22 percent to SEK 733.8 (600.1) million
- Operating income increased to SEK 172.2 (144.0) million, an increase of 20 percent
- Income before tax amounted to SEK 173.1 (145.0) million
- Income for the period totalled SEK 164.2 (137.7) million, corresponding to SEK 4.18 (3.51) per share
Key Performance Indicators
| Q2 2010 | Q2 2009 | Jan-Jun 2010 | Jan-Jun 2009 | Full year 2009 | |
|---|---|---|---|---|---|
| Totals | |||||
| Revenues | 366.1 | 284.6 | 733.8 | 600.1 | 1 299.7 |
| Gross Profit | 291.7 | 224.1 | 589.0 | 479.8 | 1 045.0 |
| Operating Income | 88.0 | 61.6 | 172.2 | 144.0 | 316.9 |
| Cash | 517.8 | 287.9 | 517.8 | 287.9 | 529.1 |
| Active Customers (thousands) | 288.7 | 185.3 | 288.7 | 185.3 | 288.7 |
| Registered Customers (thousands) | 2 719.3 | 1 777.1 | 2 719.3 | 1 777.1 | 2 117.8 |
| Customer Deposits | 911.1 | 783.1 | 1 876.0 | 1 518.7 | 3 258.0 |
| Sportsbook | |||||
| Gross Turnover Sportsbook | 1 233.1 | 644.8 | 2 245.9 | 1 181.3 | 2 571.5 |
| Margin after free bets, Sportsbook | 7.4% | 4.7% | 7.5% | 7.9% | 8.9% |
| Gross Profit Sportsbook | 78.0 | 25.8 | 150.0 | 83.2 | 206.6 |
| Gross Margin Sportsbook 1) | 6.3% | 4.0% | 6.7% | 7.0% | 8.0% |
1) Margin after allocated costs
Fast growing Live betting in Sportsbook
"There are two important trends in the gaming industry today. One is that Live betting in sports is increasing and second that operators are focusing in joint online gaming solutions with other companies. Betsson is well positioned as regards these trends, with a history of successful cooperation and one of the strongest growing Live betting in Sports. " says Pontus Lindwall, Betsson's President and CEO.
Presentation of interim report
Today, Friday 23 July, at 09.00 CET, Betsson's CEO Pontus Lindwall will present the Interim Report through webcast at http://www.betssonab.com or http://storm.zoomvisionmamato.com/player/betsson/objects/4sn2gt8v/ 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.