Betsson AB: Fourth Quarter Operating Income Increased by 35 Percent

Betsson AB: Fourth Quarter Operating Income Increased by 35 Percent | Bild: © ad-hoc-news

Betsson AB (STO:BETSB):

Fourth quarter operating income increased by 35 percent

Fourth quarter

-- Revenues amounted to SEK 515.2 (484.3) million and the operating margin amounted to 33.4 (26.4) percent

-- Operating income amounted to SEK 172.3 (127.7) million, equivalent to an increase of 35 percent

-- Income before tax amounted to SEK 172.9 (128.7) million

-- Net income totaled SEK 165.8 (125.2) million, corresponding to SEK 4.01 (3.19) per share

-- Betsson has no interest-bearing liabilities and liquid funds amounted to SEK 509.7 (497.1) million

-- A withdrawal from a gaming account by the player who won the record jackpot at the end of the third quarter has had a negative impact of EUR 11.7 million on liquid funds

-- One new B2B agreement has been signed during the quarter, with Berlingske Media in Denmark

-- Betsson received a gaming license in Denmark during the quarter

-- The integration of Betsafe is developing according to plan

Full year 2011

-- Revenues increased by 8 percent to SEK 1,736.6 (1,603.2) million and the operating margin amounted to 32.2 (23.7) percent

-- Operating income amounted to SEK 559.7 (380.6) million, equivalent to an increase of 47 percent

-- Income before tax amounted to SEK 555.4 (382.5) million

-- Net income totaled SEK 527.8 (365.7) million, corresponding to SEK 13.12 (9.32) per share

Key performance indicators

1) First quarter 2011and earlier contains both B2B and B2C.

Betsson is stronger than ever

?- Betsson now ranks as one of the world?s most influential gaming companies. We have achieved this position thanks to our strong growth and profitability as well as Betsson?s long-term efforts to create attractive gaming solutions for both partners and end users. During the fourth quarter, Betsson has experienced an all-time high in both activity and deposits, while the Group sits at the forefront in the technological development towards a new, reregulated reality in Europe.? states Magnus Silfverberg, President and CEO of Betsson.

Presentation of the Year-End Report

Today, Friday 10 February, at 09.00 CET, Betsson's CEO Magnus Silfverberg will present the Year-End Report from Betsson?s office at Regeringsgatan 28, and through webcast at www.betssonab.com or storm.zoomvisionmamato.com/player/betsson/objects/pyqsbm5d (http://storm.zoomvisionmamato.com/player/betsson/objects/%208fm0bh3n)or by phone on +46 (0)8 505 598 53 (Sweden) or +44 (0)20 3043 2436 (UK). The presentation will be in English and will be followed by a question and answer session.

This information was brought to you by Cision http://www.cisionwire.com