Betsson the internet betting firm has announced its financial results for the entire year of 2013 and the fourth quarter. The results show an increase in the revenue despite a slower 4th quarter than expected.
Key indicators financially at the end of December 2013 were:
- Revenue at SEK was about 655.5 million whereas the results of the fourth quarter in 2012 were 651.9 million.
- Though the revenue was affected negatively with a record low in the fourth quarter, there was a high amount of underlying activity. Due to bad conditions, the rates fluctuated with the SEK at about 26.3 million.
- The operating income at the SEK went down to 150. It was at 173.4 million in the fourth quarter in 2012.
- The net income at the SEK was also reduced to 140.9 million, with 3.24 (3.95) per share. It was at about 166.9 million in the fourth quarter in 2012.
- They hit an all-time high turnover including all of the gaming solutions in Sportsbook. It was about 4,094.6 million with a good increase of about 8% whereas the fourth quarter results in 2012 were at 3,782.8 million.
- The number of active members in the fourth quarter in 2012 was 520,400 but went down to 401,400.
- The customer deposits went up considerably including all the gaming solutions of Betsson and reached 2262.3 million though it was at 2154.8 million in Q4 in 2012.
The financial results for the full year were:
- The revenues went up by about 12% up to SEK 1476.7 million.
- The operating income showed at SEK 601.1 million.
- The income before the tax at SEK 596.2 million
- The net income at SEK 562.0 million.
Magnus Silfverberg, the CEO at Betsson said that the company gained a strategic position after acquiring Oranje and Kroon Casino. He said that it would be one of the biggest operators in the Dutch market. Though the market has expectations to be re-regulated in the year 2015, the total profits of Betsson is expected to consist of about 25% of the Group’s profit.
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