Earnings Release • Apr 8, 2016
Earnings Release
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Betsson has set a high standard in delivering accurate and relevant information to investors allowing for an effective evaluation of Betsson's performance.
To achieve enhanced transparency between Betsson and its peers and improved correlation between external reporting and how management view its business, Betsson has decided to change its methods of accounting with regards to B2B vs B2C and the Geographical regions.
From now on, segment information about B2B and B2C will be merged and information about our largest B2B co-operation will be presented quarterly in the interim report instead of yearly in the annual report. New geographical regions will also be launched.
The changes in classification, do not have any effect on Betsson's previously reported revenues, EBITDA, EBIT, or profit before and after tax, nor does it have any effect on the balance sheet or reported cash flows. Betsson has retrospectively restated the items affected by the reclassification, see Appendix A.
These reclassifications will be applicable from first of January 2016. Next interim report will be published April 20th, 2016.
For further information, please contact:
Fredrik Rüdén, CFO Betsson AB (publ), phone: +46(8) 506 403 00, [email protected]
Malin Sparf Rydberg, Director of Communications Betsson AB (publ),
phone: +46 (0)8 506 403 00 or [email protected]
BETSSON AB'S CORE BUSINESS CONSISTS OF INVESTING AND ADMINISTERING SHAREHOLDING IN COMPANIES, WHICH THROUGH PARTNERS OR BY THEMSELVES, OFFERS GAMES TO THE END USERS VIA THE INTERNET. THE GROUP OFFERS CASINO, SPORTS BETTING, POKER, SCRATCH CARDS, BINGO AND GAMES. THE CUSTOMERS MAINLY ORIGINATE FROM THE NORDIC COUNTRIES AND OTHER PARTS OF EUROPE. BETSSON AB IS LISTED ON NASDAQ STOCKHOLM LARGE CAP LIST, (BETS).
| POST AND VISIT ADDRESS |
TELEPHONE/FAX | REGISTERED OFFICE | E-MAIL WEB |
CORPORATE REG.NO. VAT.REG.NO. |
|---|---|---|---|---|
| REGERINGSGATAN 28 111 53 | +46 (0)8 506 403 00 | STOCKHOLM | INFO@BETSSONAB. COM | 556090-4251 |
| STOCKHOLM, SWEDEN | +46 (0)8 735 57 44 | WWW.BETSSONAB.COM | SE556090425101 |
| Group Review | New Reporting | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenues Region | 2015 Q4 |
2015 Q3 |
2015 Q2 |
2015 Q1 |
2014 Q4 |
2014 Q3 |
2014 Q2 |
2014 Q1 |
2015 FY |
2014 FY |
| Sportsbetting | ||||||||||
| Nordics Western Europe |
113,0 51,1 |
91,5 43,2 |
94,5 7,2 |
84,1 7,0 |
95,4 5,7 |
109,5 5,0 |
81,7 5,2 |
86,1 7,4 |
383,2 108,6 |
372,7 23,3 |
| Central and Eastern Europe and Central Asia Other |
145,1 3,4 |
136,3 4,9 |
99,1 5,6 |
122,3 4,3 |
90,6 0,9 |
102,5 5,1 |
87,4 3,7 |
90,0 2,7 |
502,8 18,2 |
370,6 12,3 |
| Total | 312,6 | 276,0 | 206,4 | 217,7 | 192,6 | 222,1 | 178,0 | 186,3 | 1 012,8 | 779,0 |
| Other products - Casino, Poker & Other games |
||||||||||
| Nordics | 362,4 | 361,7 | 343,4 | 351,1 | 354,2 | 338,0 | 336,4 | 330,5 | 1 418,7 | 1 359,1 |
| Western Europe Central and Eastern Europe and Central Asia |
192,3 159,4 |
194,9 126,7 |
195,2 97,1 |
160,8 104,6 |
166,3 88,1 |
138,3 73,5 |
151,3 75,5 |
84,5 76,7 |
743,1 487,7 |
540,3 313,8 |
| Other | 14,4 | 13,6 | 18,5 | 13,3 | 13,5 | 10,3 | 11,1 | 8,1 | 59,8 | 43,0 |
| Total | 728,5 | 696,9 | 654,2 | 629,7 | 622,0 | 560,1 | 574,3 | 499,7 | 2 709,3 | 2 256,2 |
| Total by region | ||||||||||
| Nordics | 475,5 | 453,3 | 437,9 | 435,1 | 449,6 | 447,5 | 418,1 | 416,6 | 1 801,8 | 1 731,8 |
| Western Europe Central and Eastern Europe and Central Asia |
243,3 304,5 |
238,1 263,0 |
202,4 196,2 |
167,8 226,9 |
172,0 178,7 |
143,2 176,0 |
156,5 162,9 |
91,9 166,7 |
851,7 990,5 |
563,6 684,3 |
| Other | 17,9 | 18,5 | 24,0 | 17,6 | 14,4 | 15,4 | 14,8 | 10,8 | 78,0 | 55,4 |
| Total | 1 041,1 | 972,9 | 860,6 | 847,4 | 814,7 | 782,1 | 752,3 | 686,0 | 3 722,1 | 3 035,1 |
| Share of total % | ||||||||||
| Nordics | 46 | 47 | 51 | 51 | 55 | 57 | 56 | 61 | 48 | 57 |
| Western Europe | 23 | 24 | 24 | 20 | 21 | 18 | 21 | 13 | 23 | 19 |
| Central and Eastern Europe and Central Asia |
29 | 27 | 23 | 27 | 22 | 23 | 22 | 24 | 27 | 23 |
| Other | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| QoQ and YoY Growth (%) | ||||||||||
| Nordics | 5 | 4 | 1 | -3 | 0 | 7 | 0 | -4 | 4 | 7 |
| Western Europe | 2 | 18 | 21 | -2 | 20 | -8 | 70 | 43 | 51 | 116 |
| Central and Eastern Europe and Central Asia |
16 | 34 | -14 | 27 | 2 | 8 | -2 | 16 | 45 | 21 |
| Other | -3 | -23 | 37 | 22 | -6 | 3 | 38 | -24 | 41 | 60 |
| Growth compared to same period last year (%) |
||||||||||
| Nordics | 6 | 1 | 5 | 4 | 4 | 8 | 15 | 2 | 4 | 7 |
| Western Europe | 42 | 66 | 29 | 83 | 168 | 126 | 124 | 45 | 51 | 116 |
| Central and Eastern Europe and Central Asia |
70 | 49 | 20 | 36 | 24 | 46 | 17 | 4 | 45 | 21 |
| Other | 24 | 20 | 62 | 63 | 2 | 256 | 102 | 22 | 41 | 60 |
BETSSON AB'S CORE BUSINESS CONSISTS OF INVESTING AND ADMINISTERING SHAREHOLDING IN COMPANIES, WHICH THROUGH PARTNERS OR BY THEMSELVES, OFFERS GAMES TO THE END USERS VIA THE INTERNET. THE GROUP OFFERS CASINO, SPORTS BETTING, POKER, SCRATCH CARDS, BINGO AND GAMES. THE CUSTOMERS MAINLY ORIGINATE FROM THE NORDIC COUNTRIES AND OTHER PARTS OF EUROPE. BETSSON AB IS LISTED ON NASDAQ STOCKHOLM LARGE CAP LIST, (BETS).
| POST AND VISIT ADDRESS |
TELEPHONE/FAX | REGISTERED OFFICE | E-MAIL CORPORATE REG.NO. WEB VAT.REG.NO. |
||
|---|---|---|---|---|---|
| REGERINGSGATAN 28 111 53 | +46 (0)8 506 403 00 | STOCKHOLM | INFO@BETSSONAB. COM | 556090-4251 | |
| STOCKHOLM, SWEDEN | +46 (0)8 735 57 44 | WWW.BETSSONAB.COM | SE556090425101 |
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