Brief: Betsson Q2 EBIT Falls To SEK 29.2 Million

Betsson AB

21/07/2022 06:47

July 21 (Reuters) - Betsson AB  BETSb.ST :
    * Q2 GROUP REVENUE SEK 186.3 MILLION VERSUS SEK 172.8
MILLION YEAR
AGO
    * Q2 EBIT SEK 29.2 MILLION VERSUS SEK 37.8 MILLION YEAR AGO
    * Q2 CASINO REVENUE SEK 122.2 MILLION VERSUS SEK 120.6
MILLION
YEAR AGO
    * INTERIM REPORT APRIL - JUNE 2022
    * ALL-TIME HIGH REVENUE DRIVEN BY SPORTSBOOK PERFORMANCE AND
GROWTH IN LATIN AMERICA AND CEECA REGION
    * SPORTSBOOK BUSINESS SHOWED A STRONG DEVELOPMENT IN QUARTER
    * SOME OF FOOTBALL WORLD CUP QUALIFIERS IN JUNE ENDED IN
PARTICULARLY FAVOURABLE OUTCOMES FOR BETSSON AND CONTRIBUTED
POSITIVELY TO MARGIN IN QUARTER
    * HAS IDENTIFIED FOLLOWING GROWTH AREAS: GROWTH IN EXISTING
MARKETS, EXPANSION INTO NEW MARKETS AND DEVELOPMENT OF B2B
OFFERING WITH FOCUS ON PROPRIETARY SPORTSBOOK
    * OPERATIONS IN EXISTING MARKETS HAVE CONTINUED TO PRIMARILY
FOCUS
ON ADAPTING AND DEVELOPING  BETSSON’S OFFERINGS TO CHANGING
PLAYER BEHAVIOUR, REGULATORY REQUIREMENTS AND THE  COMPETITIVE
LANDSCAPE

Source text for Eikon:  ID:nWkr3kScs2 
Further company coverage:  BETSb.ST 

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