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Betsson Releases Big Third Quarter 2013 Financials

Swedish online betting firm Betsson AB has released its third quarter 2013 financial results, noting a 14% growth in revenue as well as a 27% jump in income.

Key financial indicators for the period ending September 30th, 2013 were:

  • Revenues up 14% year-on-year to SEK 603.4 (529.5) million.

  • Operating income rose 27% to SEK 152.2 (120.0) million.

  • Gross turnover in Sportsbook at SEK 3,398.5 (2,921.4) million, an increase of 16%.

  • Income before tax of SEK 149.7 (118.3) million - up 27%.

  • Net income reached SEK 140.9 (113.1) million, or SEK 3.25 (2.68) per share.

  • Deposits in all of Betsson’s gaming solutions came in at SEK 2,027.1 (1,756.0) million - up 15%.

  • Launch of the employee stock option program, giving key personnel the opportunity to purchase shares at the end of Q1-2015 at SEK 214.62 per share. The program was nearly fully subscribed.

Speaking about his company's performance, Betsson CEO Magnus Silfverberg said, ”An organic growth of 14% and the highest operating margin amongst comparable companies shows that Betsson is, still, the most strategically effective company in the industry. This applies to both the capacity to acquire companies and to utilize operational opportunities based on among others Betsson’s multi-brand strategy."

"Betsson sees continued good possibilities, in both the short and long term, for both local and internationally regulated markets. At the same time, the operational subsidiaries are optimizing their operations through investments in individual realtime communication with customers, digital marketing and world class mobile offerings."

"All together, this will contribute to our continued growth.”

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