INTERIM REPORT, 1 JANUARY - 30 SEPTEMBER 2010 The third

INTERIM REPORT, 1 JANUARY - 30 SEPTEMBER 2010

The third quarter revenues increased by 22 percent

Second quarter

  · Revenues increased by 22 percent to SEK 385.1 (316.7) million, the
largest ever reported quarterly revenue
  · Operating income increased to SEK 80.7 (79.4) million
  · Operating income was negatively impacted by a net cost of SEK 13.1
(2.3) million referring to the currency revaluation of balance sheet
items 
  · The net effect from capitalizations and amortizations of capitalized
development costs amounted to a cost of       SEK 2.8 (revenue 4.2)
million
  · Excluding the above effects in currency revaluation and net of 
capitalization and amortization the operating income totalled SEK 96.6
(77.5) million, corresponding to an increase of 25 percent
  · Income before tax amounted to SEK 80.7 (79.6) million
  · Net income totalled SEK 76.3 (75.6) million, corresponding to SEK
1.94 (1.93) per share
  · Cash amounted to SEK 377.3 (396.0) million and the Group continues
to have no interest-bearing liabilities
  · Gross Turnover in Sportsbook amounted to SEK 1 215.7 (634.9)
million, corresponding to an increase of 91 percent
  · Gross Turnover in Live betting in Sportsbook amounted to SEK 733.7
(194.2) million - an increase of 278 percent
  · Due to legal requirements, Betsson must shut down the Betsson shop
at Götgatan in Stockholm

 

Interim period

  · Revenues increased by 22 percent to SEK 1 118.9 (916.8) million
  · Operating income increased to SEK 252.9 (223.4) million
  · Operating income has been charged with a cost of SEK 16.5 (revenue
0.3) million referring to the  currency revaluation of balance sheet
items
  · The net effect from capitalizations and amortizations of capitalized
development costs amounted to a cost of SEK 2.8 (revenue 17.2) million
  · Excluding the above effects in currency revaluation and net of 
capitalization and amortization the operating income totalled SEK 272.2
(205.9) million, corresponding to an increase of 32 percent
  · Income before tax amounted to SEK 253.8 (224.6) million, an increase
of 13 percent
  · Net income totalled SEK 240.5 (213.3) million, corresponding to SEK
6.13 (5.44) per share

 

Key Performance Indicators

                                        Q3       Q3          Jan-Sep 
Jan-Sep  Full year
                                        2010     2009        2010    
2009     2009
 Totals                                                                 
       
 Revenues                               385.1    316.7       1 118.9 
916.8    1 299.7
 Gross Profit                           301.6    253.0       890.6   
732.8    1 045.0
 Operating Income                       80.7     79.4        252.9   
223.4    316.9
 Cash                                   377.3    396.0       377.3   
396.0    529.1
 Active Customers (thousands)           255.7    220.9       255.7   
220.9    288.7
 Registered Customers (thousands)       2 833.9  1 916.7     2 833.9  1
916.7  2 117.8
 Customer Deposits                      913.6    823.6       2 789.6  2
342.3  3 258.0
 Sportsbook                                                             
       
 Gross Turnover Sportsbook              1 215.7  634.9       3 461.6  1
816.2  2 571.5
  - of which Live Betting               60.0%    30.6%       52.5%   
31.3%    31.2%
 Margin after free bets, Sportsbook     8.6%     7.2%        7.9%    
7.6%     8.9%
 Gross Profit Sportsbook                89.5     41.4        239.5   
124.6    206.6
 Gross Profit margin in Sportsbook      7,4%     6,5%        6,9%    
6,9%     8,0%

 

1)  Margin after allocated costs                     

 

Fast growing Live betting in Sportsbook

”The activity level in the different gaming solutions has never been
greater. Live betting in Sportsbook is particularly strong, with strong
growth on all key markets which is joyous. Large short term operational
receivables together with large currency fluctuations during the major
part of the quarter increased currency exposure in the short term. This
contributed to high cost for currency revaluations. This exposure is now
significantly lower.” states Pontus Lindwall, Betsson's President and
CEO.

 

Presentation of interim report

Today, Tuesday 26 October, at 09.00 CET, Betsson's CEO Pontus Lindwall
will present the Interim Report through webcast at
http://www.betssonab.com (http://www.betssonab.com/) or
http://storm.zoomvisionmamato.com/player/betsson/objects/7tz0dw29 (http:
//storm.zoomvisionmamato.com/player/betsson/objects/7tz0dw29) or through
phone at +46 (0)8 505 598 53 (Sweden) or +44 (0)20 3043 2436 (UK). The
presentation will be in English and will be followed by a question and
answer session.
INTERIM REPORT, 1 JANUARY - 30 SEPTEMBER 2010 The third quarter revenues increased by 22 percent

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