Betsson AB (FRA:V72)
€ 12.06 0.12 (1.01%) Market Cap: 1.65 Bil Enterprise Value: 1.54 Bil PE Ratio: 9.98 PB Ratio: 2.09 GF Score: 97/100

Q1 2021 Betsson AB Earnings Call Transcript

Apr 29, 2021 / 08:00AM GMT
Release Date Price: €7.53 (-3.03%)
Olle QvarnstrÃ;m

¶ -

Good morning, and welcome to today's presentation from Betsson. My name is Olle Qvarnström, and I will be handling the Q&A session after today's presentation. First, we will have from Pontus Lindwall, CEO; and Martin Ãhman, CFO from Betsson.

(Operator Instructions)

With that, I want to hand the word over to Pontus. Please go ahead.

Pontus Lindwall
Betsson AB - CEO & President

Thank you. Hello, everybody. Welcome to the presentation of the first quarter, Betsson's first quarter. So we're going to go through some highlights and operational update. Financials by Martin, a trading update, regulation and a summary. And as Olle said, we're going to have a Q&A afterwards.

So some highlights for the quarter. We had revenues of on SEK 1.6 billion, EBIT of SEK 276 million, a healthy EBIT margin of 17%. Casino revenues up 16%, Sportsbook turnover, up 28%. Sportsbook revenue, up 2%, with a little bit lower Sportsbook margin compared to the comparison quarter.

So an operational update. The

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot