Betsson AB: Interim report for the period 1 January – 31 March 2012
27 Apr 2012
First quarter operating income increased by 32 percent.
First quarter highlights:
- 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
