Betsson AB (FRA:V72)
€ 11.12 0.02 (0.18%) Market Cap: 1.53 Bil Enterprise Value: 1.45 Bil PE Ratio: 8.74 PB Ratio: 1.91 GF Score: 98/100

Q1 2021 Betsson AB Earnings Call Transcript

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

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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

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