Press release
INTERIM REPORT FOR THE PERIOD 1 JANUARY - 31 MARCH 2011
Operating income increased by 57 percent
First quarter
- Revenues increased by 14 percent to SEK 417.4 (367.7) million
- Growth in Game win in all of Betsson's gaming solutions (including B2B collaborations) amounted to 25 percent
- Operating income amounted to SEK 131.8 (84.2) million, equivalent to an increase of 57 percent
- Income before tax amounted to SEK 132.6 (84.6) million
- Net income totaled SEK 125.6 (80.2) million, corresponding to SEK 3.19 (2.04) per share
- Gross turnover in Live betting in Sportsbook, in all of Betsson's gaming solutions, amounted to SEK 1,119.4 (385.2) million, equivalent to an increase of 191 percent
- Cash and cash equivalents at the end of the quarter amounted to SEK 535.8 (520.4) million and the Group remains free from interest-bearing liabilities
- The divestment of the Turkish client base was completed during the quarter, which positively impacted the operating income by SEK 16.9 million
Key performance indicators
Q1 Q1 Full year
2011 2010 2010
Totals
Revenues 417.4 367.7 1 603.2
Gross Profit 330.8 297.3 1 282.1
Operating Income 131.8 84.2 380.6
Cash 535.8 520.4 497.1
Active Customers (thousands) 335.5 318.6 300.5
Registered Customers (thousands) 2 786.8 2 414.9 3 158.2
Customer Deposits 959.0 964.9 3 894.1
Customer Deposits including Platform 1 121.6 964.9 3 894.1
Sportsbook
Gross Turnover Sportsbook 1 210.1 1 012.8 5 355.7
- of which Live Betting 738.3 385.2 2 962.2
- of which Live Betting percentage 61.0% 38.0% 55.3%
Margin after free bets, Sportsbook 8.0% 7.6% 7.8%
Gross Profit Sportsbook 82.7 72.0 367.7
Gross Margin Sportsbook 1) 6.8% 7.1% 6.9%
1) Margin after allocated costs
Sportsbook including Platform
Gross Turnover Sportsbook incl. Platform 1 787.5 1 012.8 5 355.7
- of which Live Betting incl. Platform 1 119.4 385.2 2 962.2
- of which Live Betting percentage 62.6% 38.0% 55.3%
One small step for the player, one giant leap for the gaming industry
-"During the quarter, Betsson implemented a complete third-party solution which includes a world class Sportsbook. In addition to the B2B technological advances, the activity in Betsson's different gaming solutions has been high." - states Pontus Lindwall, President and CEO of Betsson.
Presentation of the Interim Report
Today, Thursday 28 April, at 09.00 CET, Betsson's CEO Pontus Lindwall will present the Interim Report through webcast at www.betssonab.com or http://storm.zoomvisionmamato.com/player/betsson/objects/34hdy9xz 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.