Brief: Betsson Q3 Operating Income Was Sek 323.6 Million

Betsson AB

26/10/2021 06:38

Oct 26 (Reuters) - Betsson AB  BETSb.ST :
    * Q3 GROUP REVENUE WAS SEK 1,733.3 (1,676.7) MILLION, AN INCREASE OF 3%. ORGANIC INCREASE OF
8%
    * Q3 OPERATING INCOME (EBIT) WAS SEK 323.6 (329.1) MILLION
    * Q3 EBIT MARGIN WAS 18.7% (19.6%)
    * Q3 CASINO REVENUE DECREASED BY 2%. SPORTSBOOK REVENUE INCREASED BY 24%
    * CONTINUES TO HAVE AMBITION TO BE ABLE TO CONDUCT BUSINESS IN NETHERLANDS FUTURE IN
ACCORDANCE
WITH NEW REGULATIONS
    * EFFORTS TO PREPARE LICENSE APPLICATIONS, PREPARATIONS FOR CERTIFYING OUR TECHNICAL
PLATFORM IN
DUTCH MARKET ARE ONGOING
    * APPLICATION IS EXPECTED TO BE SUBMITTED NO LATER THAN AT END OF Q1 2022
    * OUTCOME OF APPLICATION PROCESS IS EXPECTED TO BE COMMUNICATED AFTER SUMMER OF 2022
    * AVERAGE DAILY REVENUE IN Q4 2021 UP UNTIL AND INCLUDING OCT. 17 WAS 17.6% LOWER THAN
AVERAGE
DAILY REVENUE OF FULL Q4 2020

Source text for Eikon:  ID:nWkr5wQMVN 
Further company coverage:  BETSb.ST 

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