Brief: Betsson Q2 EBIT Down At SEK 196.9 Million

Betsson AB

19/07/2019 06:41

July 19 (Reuters) - Betsson AB  BETSb.ST :
    * GEOGRAPHICAL SPREAD AND COST CONTROL PROVIDE PROFITABILITY
DESPITE MARKET CHALLENGES
    * APRIL-JUNE GROUP REVENUE WAS SEK 1,277.7 (1,346.4) MILLION
    * APRIL-JUNE CASINO REVENUE DECLINED BY 10 PERCENT AND
SPORTSBOOK
REVENUE GREW BY 14 PERCENT, WITH A SPORTSBOOK MARGIN OF 7.8
(6.3) PERCENT
    * Q2 OPERATING INCOME (EBIT) WAS SEK 196.9 (300.7) MILLION,
EQUIVALENT TO AN EBIT MARGIN OF 15.4 (22.3) PERCENT
    * Q2 UNDERLYING EBIT (ADJUSTED FOR A SEK 19 MILLION FINE)
WAS SEK
215.9 MILLION, EQUIVALENT TO A MARGIN OF 16.9 PERCENT

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

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