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RECORD FOURTH QUARTER RESULTS FROM BETSSON
Friday February 6,2015 : RECORD FOURTH QUARTER RESULTS FROM BETSSON
Growth ahead of market, joins Large Cap list on Nasdaq Stockholm
Internet-only gaming firm Betsson delivered its highest fourth quarter results ever highlighting the success of its long-term strategy with multiple brands and a common technical platform.
Key performance indicators for the fourth quarter included:
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.
Key performance indicators for the Full Year 2014 included:
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.
Looking ahead, Magnus Silfverberg, president and chief executive officer officer of Betsson said the company is well positioned both for new regulations in key markets and in terms of current technological trends, primarily as regards mobile solutions.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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