Brief: Betsson Q1 EBIT Up At SEK 255.2 Million

Betsson AB

07/05/2019 06:39

May 7 (Reuters) - Betsson AB  BETSb.ST :
    * REVENUE GROWTH ACROSS ALL REGIONS AND 21% EBIT GROWTH
    * Q1 EBIT SEK 255.2 MILLION VERSUS SEK 211.4 MILLION YEAR
AGO
    * Q1 REVENUE SEK 1.33 BILLION VERSUS SEK 1.21 BILLION YEAR
AGO
    * WE HAVE NOW SEEN EFFECTS FROM NEW SWEDISH GAMING LAW FOR A
FULL
QUARTER
    * BOTH REVENUE AND OPERATING PROFIT WAS NEGATIVELY IMPACTED
BY NEW
REGULATION IN SWEDEN
    * MARKET HAS EXPERIENCED A CHALLENGING START
    * IT IS TOO EARLY TO DRAW ANY LONG-TERM CONCLUSIONS
    * STILL SEES SWEDEN AS AN IMPORTANT MARKET LONG-TERM,
    * WE ALSO SEE INCREASED M&A ACTIVITIES.

Source text for Eikon:  ID:nWkr6xCdZt 
Further company coverage:  BETSb.ST 

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