BETSSON AB - Casino increased by 8 percent

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| Source: Betsson AB
multilang-release

Fourth quarter

  • Revenues amounted to SEK 655.5 (651.9) million.
  • Underlying activity has never been higher, meanwhile revenues were negatively impacted by fourth quarter record low Sportsbook margin and by an amount of SEK 26.3 million due to unfavorable exchange rate fluctuations.
  • Operating income amounted to SEK 150.0 (173.4) million. Income before tax amounted to SEK 149.0 (173.4) million.
  • Net income amounted to SEK 140.9 (166.9) million, corresponding to SEK 3.24 (3.95) per share.
  • Gross turnover in Sportsbook, including all gaming solutions, amounted to SEK 4,094.6 (3,782.8) million, which is an All Time High and represents an increase of 8 percent.
  • Customer deposits in all of Betsson’s gaming solutions amounted to SEK 2,262.3 (2,154.8) million, which is All Time High.
  • Betsson’s Board of Directors proposes a distribution to the shareholders amounting to SEK 421.5 million, corresponding to SEK 9.71 per share. The distribution per share will be affected somewhat through planned new share issues.
  • After the end of the quarter, Betsson acquired Class One Holding Ltd which operates the brands Oranje and Kroon Casino. It had revenues of EUR 32.5 million in 2013, and the EBIT margin was 67,8 percent.

Full year 2013

  • Revenues increased by 12 percent to SEK 2,476.7 (2,203.7) million. The accumulated effect of unfavorable exchange rate fluctuations negatively impacted turnover for the year by SEK 78.3 million.
  • Operating income amounted to SEK 601.1 (577.1) million.
  • Income before tax amounted to SEK 596.2 (573.6) million.
  • Net income amounted to SEK 562.0 (547.8) million, corresponding to SEK 12.98 (13.04) per share.

  Key Performance Indicators

    Q4 Q4 Full year Full year
    2013 2012 2013 2012
 Totals          
 Revenues   655.5 651.9 2,476.7 2,203.7
 Gross profit   548.6 548.8 2,073.9 1,853.7
 Operating income   150.0 173.4 601.1 577.1
 Liquid funds   562.5 467.2 562.5 467.2
 Active customers (thousands)   401.4 520.4 401.5 520.4
 Registered customers (thousands)   6,732.7 5,777.9 6,732.7 5,777.9
 Customer deposits   1,613.6 1,586.5 6,064.5 5,092.4
 Customer deposits, all gaming solutions   2,262.3 2,154.8 8,421.1 6,888.2
 B2C Sportsbook  1)          
 Gross turnover Sportsbook   1,428.6 1,271.1 5,024.0 3,735.5
 Gross margin Sportsbook   5.5% 7.5.% 5.7% 5.7%
 Gross profit Sportsbook   79.1 95.0 288.0 214.5
           
 B2B Sportsbook          
 Gross turnover Sportsbook   2,666.0 2,511.7 9,791.3 8,357.6
 Gross margin Sportsbook   2.5% 2.8% 3.0% 2.6%
 Gross profit Sportsbook from third parties   67.2 70.5 289.4 217.5

 

  1. Refers to the margin after allocated expenses. The margin after free bets in all gaming solutions is 6.2 (7.4) percent.

Betsson undertakes a strategic acquisition in the Netherlands

"- With the acquisition of Oranje and Kroon Casino Betsson gains a strategic position in the Netherlands and will be one of the largest operators in the Dutch gaming market. This market is expected to be re-regulated in 2015 and, when this takes place, Betsson’s total profits from locally-regulated markets is expected to comprise over 25 percent of the Group’s overall profit. At the same time, the optimization of the operating entities continue through individual real-time customer communication, digital marketing and mobile offers. These initiatives have already had a positive impact and contributed to the strong underlying activity and growth in the key product segment Casino which despite unfavorable exchange fluctuations and strong comparable figures grew by 8 percent," states Magnus Silfverberg, Betsson’s CEO and President.

Presentation of the Year-End Report Today, Friday 7 February, at 09:00 CET, Betsson’s CEO, Magnus Silfverberg, will present the Year-End Report at Betsson’s office at Regeringsgatan 28, and through webcast at http://www.media-server.com/m/p/fdvzqah2, and by phone on +46 (0)8 505 564 74 (Sweden), +44 (0)203 364 53 74 (UK), +1 (0) 855 753 22 30 (USA). The presentation will be in English and will be followed by a question and answer session.