STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Fourth quarter
- Revenues increased by 26 percent to SEK 484.3 (382.9) million, the largest ever reported quarterly revenue
- Operating income increased to SEK 127.7 (93.5) million
- Operating income was negatively impacted by a net cost of SEK 2.8 (3.0) million referring to the currency translation of balance sheet items
- The net effect from capitalizations and amortizations of capitalized development costs amounted to a cost of SEK 1.5 (revenue 6.1) million
- Income before tax amounted to SEK 128.7 (94.3) million · Net income totalled SEK 125.2 (90.0) million, corresponding to SEK 3.19 (2.29) per share
- Cash amounted to SEK 497.1 (529.1) million and the Group continues to have no interest-bearing liabilities
- Gross Turnover in Sportsbook amounted to SEK 1 894.1 (755.3) million, corresponding to an increase of 151 percent
- Gross Turnover in Live betting in Sportsbook amounted to SEK 1 144.0 (231.9) million - an increase of 393 percent
- The quarter’s customer deposits were in excess of one billion SEK, the Group’s highest level of deposits to date for an individual quarter
- Betsson established operations in India and secures B2B-contract with Asian operator
- Betsson signed agreements to sell Turkish client base and signed B2B-contract for the delivery of complete gaming platform
- In line with the B2B-strategy, Betsson has in 2011 entered an agreement with the objective of initiating a Joint Venture in Italy.
- Betsson has in 2011 entered an agreement with the objective to establish operations in China, together with a Chinese state owned company
Full year
- Revenues increased by 23 percent to SEK 1 603.2 (1 299.7) million
- Operating income increased to SEK 380.6 (316.9) million
- Operating income has been charged with a cost of SEK 19.4 (2.8) million referring to the currency translation of balance sheet items
- The net effect from capitalizations and amortization of capitalized development costs amounted to a cost of SEK 16.6 (revenue 23.8) million
- Income before tax amounted to SEK 382.5 (318.9) million, an increase of 20 percent
- Net income totalled SEK 365.7 (303.3) million, corresponding to SEK 9.32 (7.73) per share
Key Performance Indicators
| Key Performance Indicators (MSEK) | Q4 | Q4 | Full Year | Full Year | ||||
| 2010 | 2009 | 2010 | 2009 | |||||
| Totals | ||||||||
| Revenues | 484.3 | 382.9 | 1 603.2 | 1 299.7 | ||||
| Gross Profit | 391.5 | 312.2 | 1 282.1 | 1 045.0 | ||||
| Operating Income | 127.7 | 93.5 | 380.6 | 316.9 | ||||
| Cash | 497.1 | 529.1 | 497.1 | 529.1 | ||||
| Active Customers (thousands) | 300.5 | 288.7 | 300.5 | 288.7 | ||||
| Registered Customers (thousands) | 3 158.2 | 2 117.8 | 3 158.2 | 2 117.8 | ||||
| Customer Deposits | 1 104.5 | 915.7 | 3 894.1 | 3 258.0 | ||||
| Sportsbook | ||||||||
| Gross Turnover Sportsbook | 1 894.1 | 755.3 | 5 355.7 | 2 571.5 | ||||
| - of which Live Betting | 60.4% | 30.7% | 55.3% | 31.2% | ||||
| Margin after free bets, Sportsbook | 7.6% | 12.0% | 7.8% | 8.9% | ||||
| Gross Profit Sportsbook | 128.2 | 82.0 | 367.7 | 206.6 | ||||
| Gross Margin Sportsbook 1) | 6.8% | 10.9% | 6.9% | 8.0% | ||||
| 1)Margin after allocated cost | ||||||||
Fourth quarter is the strongest ever for Betsson
-”Today Betsson offers one of the world’s best sportsbooks, and this something players in the Nordic region, as well as in other regions, have become aware of and Betsson can, therefore, report growth of 78 percent in sportsbook for the full year 2010. At the same time, Betsson has shown that the Company is a technically leading B2B-supplier of a gaming platform which is in demand in a variety of global locations”, states Pontus Lindwall, Betsson’s Managing Director and CEO.
Presentation of full year report
Today, Friday 11 February, at 09.00 CET, Betsson's CEO Pontus Lindwall will present the Full Year Report through webcast at http://www.betssonab.com or http://storm.zoomvisionmamato.com/player/betsson/objects/x7hrtg0f or through phone at +46 (0)8 505 598 53 (Sweden) or +44 (0)20 3043 2436 (UK). The presentation will be in English and will be followed by a question and answer session.
BETSSON AB´S CORE BUSINESS CONSISTS OF OWNING AND ADMINISTER SHARES IN COMPANIES WHICH, THROUGH PARTNERS OR BY THEM SELVES OFFER GAMES TO THE END USERS THROUGH INTERNET. BETSSON AB OWNS BETSSON MALTA WHICH OFFERS GAMES THROUGH PARTNERSHIPS AND THE OWN WEBSITES WWW.BETSSON.COM, WWW.CASINOEURO.COM AND WWW.CHERRYCASINO.COM . BETSSON MALTA OFFERS POKER, CASINO, SPORTS BETTING, LOTTERY, 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
BETSSON AB’S CORE BUSINESS CONSISTS OF INVESTING IN AND ADMINISTER COMPANIES WHICH OFFERS GAMING ON INTERNET BY THEMSELVES OR THROUGH PARTNERSHIPS. BETSSON AB OWNS BETSSON MALTA WHICH OPERATES GAMES THROUGH PARTNERSHIPS AND TOWARDS END CUSTOMERS VIA WWW.BETSSON.COM, WWW.CASINOEURO.COM AND WWW.CHERRYCASINO.COM. BETSSON MALTA OFFERS POKER, CASINO, CARD GAMES, LOTTERY, BINGO AND GAMES. CUSTOMERS ARE PRIMARILY FROM THE NORDIC REGION AND THE REST OF EUROPE. BETSSON AB IS LISTED ON OMX NASDAQ NORDIC MID CAP LIST, (BETS).
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