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Betsson Releases Latest Financial Results

Internet betting firm Betsson has released its fourth quarter 2014 financial results, noting a 30% growth in revenues thanks in part to its recent casino acquisitions.

Key financial indicators for the quarter were:

  • Organic growth of 15 percent during Q2

  • Gross profit up at SEK 629.7 million (Q2-2013 SEK 482.7 million)

  • Operating income at SEK 190.4 million (Q2-2013 SEK 137.8 million)

  • Sportsbook turnover at SEK 827 million, a record for the company

  • World Cup football final accounted for SEK 38 million of total turnover, almost three times of the average amount wagered per match in the preliminary stages

  • Second quarter financial gains mean that Betsson's H1-2014 revenues are now over SEK 1.4 billion, with gross profit around SEK 1.2 billion and operating income close to SEK 361.5 million.

Commenting on his company's performance Betsson President and CEO Magnus Silfveberg said, “The World Cup has exceeded our expectations and the strong customer intake together with the high reactivation of existing customers bodes well for the future."

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