Betsson acclaims annual performance

Stockholm-based Betsson revealed that its annual operating income amounted to us$ 86.71 million, which represented a rise of just over three percent year-on-year, while income before tax improved by 3.27 percent when compared with 2011 to us$ 89.22 million.

All of this left the Swedish firm with net income for 2012 of us$ 85.19 million, which was a 3.78 percent boost year-on-year, helped by what Betsson called ‘strong organic growth’ in quarterly revenues and sportsbook turnover.

For the fourth quarter of 2012, Betsson stated that revenues grew by 27 percent year-on-year to us$ 101.39 million while its operating income enlarged slightly when compared with the final three months of 2011 to us$ 26.96 million.

Betsson additionally revealed that fourth quarter income before tax had improved by just over a quarter of one percent when compared with the same period in 2011 to us$ 26.96 million while its net income of us$ 25.94 million represented a 0.6 percent boost year-on-year.

“The strong organic growth of 23 % in revenues, 30 percent in sportsbook turnover and more than 100 percent in mobile revenues from last quarter shows that Betsson is on the right track,” said Magnus Silfverberg, President and CEO for Betsson. “Betsson’s growth is built on historical investments and the company continues to invest large amounts in marketing and technology to secure a future growth rate above that of the market growth.”