AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Betsson

Earnings Release Sep 28, 2012

3010_rns_2012-09-28_6901ba4a-a0e2-42bc-ad8a-11e44ab68e6b.pdf

Earnings Release

Open in Viewer

Opens in native device viewer

Press Release

Betsson AB (publ)

BETSSON'S REVENUES AND EBIT IN THE THIRD QUARTER

Revenues in the third quarter are estimated to be between SEK 525 million and SEK 535 million and the operating profit (EBIT) is estimated to be between SEK 115 million and SEK 130 million. Betsson has chosen to inform about this since the market expects higher revenues and better EBIT.

The third quarter of the year holds an unusually short part of the high season for gambling, due to the late start of the European soccer leagues. This has affected especially the Sportsbook, but has also had a negative impact on the activity in other product segments.

Furthermore, the quarter has so far had many, for Betsson, unfavorable sports results, which have contributed to a low Sportsbook margin. The Sportsbook margin after free bets is approximately 5.5 % so far in the quarter, which can be compared to 7.6% during the third quarter last year.

The activity level during the third quarter has also been negatively affected by certain initial issues in connection to the technical platform migration of Betsafe.com. Extensive actions have been initiated, which has contributed to the recovery of the customer activity in the second half of September .

Based on underlying customer activity in the third quarter, with all time high (ATH) in comparable Euro figures in deposits in combination with high gross turnover in Sportsbook, the management believes, however, that Betsson has good opportunities to grow faster than the market in the future.

For further information, please contact Magnus Silfverberg, CEO & President, phone +46 (0)8 506 403 00, [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. BETSSON AB OWNS BETSSON MALTA WHICH OPERATES GAMES THROUGH PARTNERSHIPS AND OWN WEBSITES. BETSSON MALTA OFFERS POKER, CASINO, SPORTS BETTING, SCRATCH CARDS, BINGO AND GAMES. THE CUSTOMERS MAINLY ORIGINATE FROM THE SCANDINAVIAN COUNTRIES AND OTHER PARTS OF EUROPE. BETSSON AB IS LISTED ON NASDAQ OMX NORDIC MID CAP LIST, (BETS).

POSTAL AND VISITING TELEPHONE REGISTERED OFFICES E-MAIL CORP. ID. NR.
ADDRESS FAX WEB PAGE VAT.REG.NR.
BETSSON AB (PUBL)
REGERINGSGATAN 28
111 53 STOCKHOLM,
SWEDEN
+46 (0)8 506 403 00
+46 (0)8 735 57 44
STOCKHOLM INFO@BETSSONAB.
COM
WWW.BETSSONAB.COM
556090-4251
SE556090425101

Talk to a Data Expert

Have a question? We'll get back to you promptly.