"The second quarter is normally weaker than the first quarter. By the offers to customers that we have developed and implemented, we have succeeded to maintain and even increase activities during Q2, which makes the quarter our strongest so far" says Pontus Lindwall, CEO.
Second Quarter
· Revenues increased by 63 percent to SEK 236.9 (145.6) million
· Operating income increased by 29 percent to SEK 60.1 (47.2) million
· Income before taxes amounted to SEK 61.4 (47.6) million
· Income after taxes amounted to SEK 57.2 (43.4) million, corresponding to SEK 1.46 (1.10) per share
· Betting Shop launched in Stockholm
· Betsson.com launched a new version of the Sportsbook and a web shop
· Betsson.com launched in Serbia and the Netherlands
· SEK 5,00 per share was transferred to the shareholders (Share Redemption Programme)
Interim period
· Revenues increased by 58 percent to SEK 464.7 (293.7) million
· Operating income increased by 26 percent to SEK 116.9 (92.7) million
· Income before taxes amounted to SEK 118.9 (93.1) million
· Income after taxes amounted to SEK 110.8 (85.1) million, corresponding to SEK 2.82 (2.15) per share
Invitation to the Interim Report
Presentation of the Interim Report (Telephone-conference)
Today, Friday 1 August, at 09.00 CET, Betsson's CEO, Pontus Lindwall, will present the Interim Report for the Second Quarter, 2008. The Report will be followed by an opportunity to ask questions. The presentation will be held in English.
To attend the telephone conference, please call: +46(0)8 5051 3791 (Sweden) or +44(0)20 7806 1968 (UK).
The Presentation will also be accessed at 09.00 via Webcast (audio and PowerPoint presentation), at www.betssonab.com under Investor Relations, Presentations alternatively www.financialhearings.com, Betsson.
A copy of the presentation will be available at www.betssonab.com from 1 August.
BETSSON AB'S CORE BUSINESS CONSISTS OF INVESTING AND ADMINISTER COMPANIES WITHIN THE GAMING BUSINESS. BETSSON AB OWNS BETSSON MALTA LTD WHICH OPERATES GAMES TOWARDS END CUSTOMERS, VIA THE WEBSITES BETSSON.COM, CASINOEURO.COM AND CHERRYCASINO.COM. BETSSON MALTA LTD OFFERS POKER, CASINO, BETTING EXCHANGE, SPORTS BETTING, LOTTERY, BINGO, GAMES AND BETSSON TRADER. THE CUSTOMERS MAINLY ORIGINATE FROM THE SCANDINAVIAN COUNTRIES AND OTHER PARTS OF EUROPE. BETSSON AB IS LISTED ON THE NORDIC LIST IN STOCKHOLM, MID CAP (BETS).