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Betsson Releases Fourth Quater Financials

Online betting firm Betsson has released its fourth quarter financial results, noting solid performances across many of the company's financials.

Key financial indicators for the fourth quarter were:

  • Revenue increase of 24 percent amounting to SEK 814.7 million (Q4/2014: SEK 655.5 million).

  • Organic growth of 11 percent.

  • Operating income of SEK 252.5 million (Q4/2014: SEK 150.0 million), up 68 percent.

  • Income before tax amounted to SEK 256.6 million (Q4/2014: SEK 149 million).

  • Net income was SEK 243.0 million (Q4/2014: SEK 140.9 million), corresponding to SEK 5.28 (3.24) per share.

  • Customer deposits amounted to SEK 2,977.1 million (Q4/2014: SEK 2,262.3 million), an increase of 32 percent.

  • The recently acquired Oranje and Kroon Casino brands contributed SEK 89.9 million to the Group's revenue and SEK 53.9 million to net income.

Full Year 2014 results were:

  • Revenue increased by 23 percent to SEK 3,035.1 million (FY2013 SEK 2,476.7 million).

  • Operating income amounted to SEK 821.2 million (FY2013: SEK 601.1 million).

  • Income before tax amounted to SEK 814.8 million (FY2013: SEK 596.2 million).

  • Net income amounted to SEK 770.7 million (FY2013: SEK 562.0 million, corresponding to SEK 16.92 (12.98) per share.

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