Brief: Betsson Q1 operating profit just above forecast

Betsson AB

25/04/2018 06:36

April 25 (Reuters) - Betsson AB  BETSb.ST :
    * Q1 GROUP REVENUE WAS SEK 1,210.0 (1,102.0) MILLION, AN
INCREASE
OF 10 PERCENT WITH AN ORGANIC GROWTH OF 4 PERCENT
    * Q1 OPERATING INCOME (EBIT) WAS SEK 211.4 (240.9) MILLION
    * Q1 OPERATIONAL EXPENSES IN QUARTER INCLUDED A
NON-RECURRING
RESTRUCTURING COST OF SEK 15 MILLION
    * SAYS Q2 HAS BEGUN WITH REVENUES SLIGHTLY LOWER THAN
AVERAGE
DAILY REVENUE FOR Q2 LAST YEAR
    * SAYS WEAKER START IS DUE TO A DECLINE IN AN ACQUIRED
COMPANY AND
A WEAKER THAN AVERAGE SPORTSBOOK MARGIN IN BEGINNING OF QUARTER
    * REUTERS POLL: BETSSON Q1 REVENUES WERE SEEN AT SEK 1,245
MILLION, OPERATING PROFIT AT 207 MILLION

Source text for Eikon:  ID:nWkr4HHJhB 
Further company coverage:  BETSb.ST 

 (Reporting by Stockholm Newsroom)
 ((stockholm.newsroom@thomsonreuters.com; +4687001017;))