08-11-2007 Betsson reports all time high revenues and profit

During the third quarter, the online betting and gaming operator continued to strengthen its position on the Nordic market where net sales increased by 25% compared to Q2, while overall revenues were up by 14% to SEK 177.2 million compared to the previous quarter. Operating profit increased five-fold to SEK 53.7 million, with a more than doubled operating margin of 30.3%.

At the end of Q3 2007, the number of registered customers was 869,000, an increase of 12%compared to Q2 2007 and an increase of 34% compared to Q3 2006. The number of active customers decreased during the quarter by 4% to 90,800, but has increased by a total of 43% compared to Q3 last year. The decline in active customers during the quarter is primarily from Turkish players’ difficulties using the site. Excluding Turkish active customers, the number of active customers increased by 8% compared to Q2.

During the fourth quarter, Betsson intends to widen its product offering to include additional gaming products. During the year, Betsson.com has been launched in several new geographical markets, including Greece, Spain and Italy. The goal is to grow both organically and through acquisitions in these new markets while maintaining an operating margin of at least 30%.