Betsson jumps on expected record Q2 EBIT

Betsson AB

08/07/2021 08:12

** Shares in Betsson  BETSb.ST  rises 7.8% after the Swedish
online gaming company provided a strong Q2 trading update, with
an all-time high EBIT  urn:newsml:reuters.com:*:nWkr2kVb25
    ** Q2 EBIT is estimated to be in the range of SEK 375-385
million  ($43.42-$44.58 million), up 72-77% year-on-year, on
revenues of SEK 1.735-1.755 million
    ** It cites high sportsbook margin, high customer activity
in general in combination with major sports events as reasons
    ** Shares are on track for the best day since late October
    ** Peer Kindred  KINDsdb.ST  rises 4.8%




($1 = 8.6358 Swedish crowns)

 ((marta.frackowiak@thomsonreuters.com))