QUARTER OCTOBER -
- Group revenue was
EUR 251.9 (220.6) million, an increase of 14%. Organic increase of 36%. - Casino revenue increased by 25%. Sportsbook revenue decreased by 5% and the sportsbook margin was 6.2% (7.3%).
-
EBITDA was
EUR 71.9 (51.1) million, an increase of 40%. The EBITDA margin was 28.6% (23.2%). -
Operating income (EBIT) was
EUR 57.0 (40.0) million, an increase of 42%. The EBIT margin was 22.6% (18.1%). -
Net income was
EUR 43.3 (32.7) million, corresponding toEUR 0.30 (0.26) per share. -
Operating cash flow was
EUR 47.6 (75.5) million. -
Net debt was
EUR -59.6 (-65.7) million. - Active customers decreased by 6% to 1,345,129 (1,424,794).
FULL YEAR 2023
- Group revenue was
EUR 948.2 (777.2) million, an increase of 22%. Organic increase of 40%. -
EBITDA was
EUR 262.7 (172.4) million, an increase of 52%. The EBITDA margin was 27.7% (22.2%). -
Operating income (EBIT) was
EUR 210.5 (131.2) million, an increase of 60%. The EBIT margin was 22.2% (16.9%). -
Net income was
EUR 173.0 (114.7) million, corresponding toEUR 1.29 (0.87) per share. -
Operating cash flow was
EUR 230.4 (178.7) million. -
The Board of Directors proposes to the AGM that
EUR 88.5 (59.7) million, corresponding toEUR 0.645 (0.436) per share, should be distributed to shareholders through an automatic share redemption program in two installments.
CEO COMMENT
"A new record year for
Recently we celebrated the fact that it has been 60 years since the Group started to offer entertainment in the form of casino games, sports betting and other types of games. In recent decades, we have been leading the digitalisation of the gaming industry with the transition to online gaming. We continue to find our own ways and act as pioneers in everything we do. When we sum up the jubilee year 2023, we can look back on a new record year for
For the full year 2023, revenue increased by 22 percent to
The high customer activity continued during the fourth quarter with new record levels in customer deposits and gaming turnover in both casino and sports betting. Once again, the Group reports the highest levels ever for revenue and operating profit, marking the eighth consecutive quarter of sequential growth. The growth rate compared to the fourth quarter of the previous year should be viewed in light of the fact that the comparative period included the World Cup in football.
The football results continued to be favourable for players with favorite wins and plenty of goals, leading to the quarter's sportsbook margin of 6.2 (7.3) percent being the lowest reading for a single quarter in the past two years. Our vision is to offer the best customer experience in the gaming industry and an important feature of this is that we always offer competitive odds and chances for our customers to win. This simply means that sometimes players win a bit more and the sportsbook margin varies from quarter to quarter, depending on the sports results.
The share of revenue from locally regulated markets continued to increase and amounted to 45.9% (34.2%) in the fourth quarter. We see a continued positive development where more countries introduce regulation to enable online gaming with local gaming licenses and reasonable conditions for players and operators. In 2024,
I look forward to 2024 with confidence.
PRESENTATION OF THE YEAR-END REPORT
Today at
Link to the webcast: https://ir.financialhearings.com/betsson-q4-report-2023
Link with information on how to participate in the telephone conference:
https://financialhearings.com/event/46181
For further information, please contact:
pontus.lindwall@betssonab.com
Martin Öhman,
martin.ohman@betssonab.com
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