Business Improves For Betsson

[image credit : Betsson]

Online gambling operator Betsson AB has released its interim financial results for the first six months of 2013 showing a 19% year-on-year increase in revenues to SEK1.2bn ($186m).

Betsson additionally revealed that operating income for the six-month period amounted to SEK298.9m ($45.7m), which was 5.4% higher than for the same period in 2012, while its half-year income before taxes rose by 5.5% year-on-year to SEK297.5m ($45.5m).

For the second quarter of the year, Betsson stated that revenues amounted to SEK579.2m ($88.6m), which was also 19% percent higher than the same three-month period in 2012, with operating income swelling by 26% year-on-year to SEK137.8m ($21.1m).

“Betsson continues to make investments in order to optimise its operations,” Magnus Silfverberg, president and CEO for Stockholm-based Betsson.

“During the second quarter, a successful migration of Betsson.com to the common platform was executed. After this, the majority of Betsson’s revenues are generated on the new platform. This has strengthened the mobile offering and enables an advanced further development of the gaming experience as well as cost-efficient operations. At the same time, Betsson delivers stable organic growth and one of the market’s strongest profit margins.”

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