Betsson first quarter revenues up 38%

This story was published more than 11 years ago.

Swedish online gambling group Betsson has delivered an encouraging Q.1 2009 start to its financial year, showcasing strong revenues, cash and profits.

Highlights of the report include:

  • Revenues up by 38% to SEK 315.5 (227.8 in 2008) million
  • Operating income improved by 45% to SEK 82.4 (56.8) million
  • Income before tax increased by 44% to SEK 83.0 (57.5) million

Income for the period totalled SEK 78.8 (53.6) million, an increase of 47%, corresponding to SEK 2.01 (1.36) per share

Management reported that the company's cash position by the end of the period was SEK 436.8 (275.1) million, with no interest-bearing liabilities burdening the group.

Pontus Lindwall, Betsson's President and CEO told shareholders: "All of Betsson´s websites have continued to develop strongly. The healthy customer activity and deposits during the first quarter cement a continued good growth during the year."

Source: InfoPowa News

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