Betsson's Maltese subsidiary has released its full year 2012 fiscal results, noting increases in revenues and net income in a strong year.
Key financial indicators for the year were:
Revenues of SEK 2,203.7 million (2011: SEK 1,736.6 million)
Gross profit of SEK 1,853.7 million (2011: SEK 1,428.9 million)
Operating income increased to SEK 577.1 million (2011: SEK 559.7 million)
Operating margin 26.2% (2011: 32.2%)
Income before tax amounted to SEK 573.6 million (2011: SEK 555.4 million)
Net Income of SEK 547.8 million (2011: SEK 527.8 million)
Most of Betsson's revenues were generated by its casino games, which pulled in 68% of all revenues. Sports betting brought in 23% of all revenues, and poker brought in 6%. Other Betsson affiliated products accounted for 3% of revenues.
Commenting on his company's performance Betsson AB President and CEO Magnus Silfverberg said, "We accomplished a lot in 2012 within the Betsson Group. One of the major events was the acquisition of NGG. This acquisition gives Betsson a stronger brand portfolio, a product mix more geared towards Sportsbook, and a stronger presence in the market-place."
"Today, Betsson is the largest non state-owned publicly traded online gaming operator in the Nordic countries. With that said, we believe that there is still plenty of room for growth in this market. These growth initiatives, together with the product and brand expansion on Betsson’s core markets, will enable the Group to continue growing faster than the market and to continue building a stronger company for the future, drawing on our experience from 50 years of embracing change."