Press release
Interim report for the period 1 January - 31 March 2012
All figures in this report are expressed in SEK. Figures in parentheses refer to the corresponding figures for the previous year, unless stated otherwise. this information applies to the Group, unless stated otherwise.
First quarter operating income increased by 32 percent
First quarter
· Revenues amounted to SEK 536.1 (417.4) million, equivalent to an increase of 28 percent · Operating income amounted to SEK 174.1 (131.8) million, equivalent to an increase of 32 percent · The operating margin amounted to 32.5 (31.6) percent · Income before tax amounted to SEK 171.0 (132.6) million · Net income totaled SEK 162.3 (125.6) million, corresponding to SEK 3.91 (3.19) per share · Liquid funds amounted to SEK 588.4 (535.8) million · Betsson paid the final supplementary purchase consideration of EUR 12.5 million to Betsafe's former shareholders during the quarter, by providing 608,817 newly issued Class B shares in Betsson · Betsson launched during the quarter four new gaming sites on the newly regulated Danish market · On January 23, Betsson was awarded "Online Sportsbook Operator of the Year" by IGA · Betsson signed, in the beginning of the first quarter, a share transfer agreement to acquire Nordic Gaming Group
Key performance indicators
Q1 Q1 Full year
2012 2011 2011
Totals
Revenues 536.1 417.4 1 736.6
Gross Profit 459.0 330.8 1 428.9
of which Sportsbook 107.8 104.3 326.9
Operating Income 174.1 131.8 559.7
Cash and Liquid funds 588.4 535.8 509.7
Active Customers (thousands) 405.0 335.5 403.6
Registered Customers (thousands) 3 906.3 2 587.3 3 662.4
Customer Deposits 1 045.3 959.0 3 931.6
Customer Deposits, all gaming solutions 1 468.6 1 121.6 5 237.9
B2C, Sportsbook
Gross Turnover, Sportsbook 645.5 146.7 1 525.4
Gross margin, Sportsbook 6.9% 9.5% 5.4%
Grossprofit, Sportsbook 44.6 14.0 82.5
B2B Sportsbook
Gross Turnover, Sportsbook 1 998.6 1 640.8 6 055.0
Gross margin, Sportsbook 3.2% 5.5% 4.0%
Grossprofit, Sportsbook 63.2 90.2 244.3
Betsson continue to experience stable growth and strong profitability
"- Betsson is strengthening its position prior to the European Championship in Football through another acquisition which adds more Sportsbook players. This adds to a Sportsbook already undergoing strong development, shown by the first quarter growth of 48% in total Gross Turnover." states Magnus Silfverberg, President and CEO of Betsson.
Presentation of the Interim Report
Today, Friday 27 April, at 09.00 CET, Betsson's CEO Magnus Silfverberg will present the Interim Report from Betsson's office at Regeringsgatan 28, and through webcast at www.betssonab.com or http://storm.zoomvisionmamato.com/player/betsson/objects/f8ac4vdp (http://storm.zoomvisionmamato.com/player/betsson/objects/f8ac4vdp) 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.