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Betsson Full Year 2015 Earnings
Friday, February 5, 2016 : BETSSON HAILS STRONG ORGANIC GROWTH IN FY 2015 RESULTS
But impacted by currency exchange fluctuations during the fourth quarter.
In its full year 2015 fiscal report, Betsson said it had achieved strong organic growth showing the company has one of the most efficient strategies in the industry.
Key performance indicators for the period ending December 31, 2015 include:
- Group revenues of SEK 3,722 million (2014: SEK 3,035.1 million), an increase of 23 percent.
- Gross profit was SEK 2,675.6 million (2014: SEK 2,231.3 million), up 20 percent.
- Operating income increased to SEK 886.4 million (2014: SEK 821.2 million) and operating margin amounted to 23.8 percent (2014: 27.1 percent).
- Income before tax increased to SEK 883.0 million (2014: SEK 814.8 million) and net income increased to SEK 831.7 million (2014: SEK 770.7 million).
- Transfer to shareholders of SEK 623.8 million (2014: SEK 549.3 million) proposed, which corresponds to SEK 4.51 (2014: SEK 3.98 per share).
Key performance indicators for the 3 month period ending December 31, 2016 included:
- Customer deposits in all of Betsson’s gaming solutions amounted to SEK 3,471.4 million (Q4/2014: SEK 2,977.1 million, an increase of 17 percent.
- Gross turnover in Sportsbook amounted to SEK 6,428.8 million (Q4/2014: SEK 5,074.8 million, up 27 percent.
- Mobile revenue represented 36 percent (Q4/2014: 23 percent) total revenue and amounted to SEK 373.3 million (Q4/2014: SEK 186.6 million, an increase of 100 per cent.
- Recently acquired Europe-Bet grew 21 percent (in local currency revenue by 27 per cent) and contributed SEK 21.8 million to the Group’s operating income. Of Europe-Bet's revenue during the quarter, SEK 20.1 million was derived from land-based operations.
"We are really pleased that our underlying organic earnings are increasing more than our revenue, adjusted for exchange rate fluctuations,” Pontus Lindwall, president and chief executive officer of Betsson commented. “This shows that Betsson has one of the most efficient strategies in this industry.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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