Brief: Betsson Expects Q3 Revenue In Range Of EUR 199-201 Mln

Betsson AB

06/10/2022 14:03

Oct 6 (Reuters) - Betsson AB  BETSb.ST :
    * TRADING UPDATE FOR THE THIRD QUARTER 2022
    * REVENUE FOR QUARTER IS EXPECTED TO BE IN RANGE OF EUR
199-201
MILLION, WHICH IS HIGHEST LEVEL EVER FOR BETSSON IN A SINGLE
QUARTER.
    * CONTINUED STRONG DEVELOPMENT FOR BETSSON IN Q3, DRIVEN BY
HIGH
CUSTOMER ACTIVITY IN GENERAL
    * RECORD-HIGH OPERATING PROFIT (EBIT) IN Q3, EXPECTED TO BE
IN
RANGE OF EUR 37.5-39.0 MILLION, WHICH IS ABOVE CONSENSUS FOR
PERIOD.
    * EXPECTS TO REPORT NEW RECORD REVENUE AND EBIT IN Q3,
DRIVEN BY
BOTH SPORTSBOOK AND CASINO
    * GROUP REVENUE IS EXPECTED TO BE IN RANGE OF EUR 199-201
MILLION
AND EBIT IS EXPECTED TO BE EUR 37.5-39.0 MILLION
    * GROWTH HAS BEEN DRIVEN BY REGIONS LATIN AMERICA AND
CENTRAL AND
EASTERN EUROPE AND CENTRAL ASIA (CEECA).
    * HIGH CUSTOMER ACTIVITY IN GENERAL, COMBINED WITH A
FAVORABLE
REVENUE MIX AND BETSSON'S SCALABLE BUSINESS MODEL, HAVE
CONTRIBUTED TO HIGHER EBIT.

Source text for Eikon:  ID:nWkr6Rkg9l 
Further company coverage:  BETSb.ST 
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