Reporting on its opening 2015 quarter European online gambling operator Betsson AB has recorded its highest quarter revenue performance of SEK 847 million (£55 million) up 24% on Q1 2014 of SEK 686 million.
Recording Q1 2015 growth on all top-line metrics, Betsson AB posted an income profit of SEK 238 million (£18.2 million) up 39% on Q1 2014:SEK 171 million. The operator noted that its group performance had been aided by a lift in operating margin to 28% (2014 average – 25%).
Its strong Q1 performance had been driven by a 60% sports betting turnover uplift to SEK 6 billion (£460 million). Its sports betting vertical had been supported by continued growth of its mobile betting products which contributed 48% of the division’s turnover.
The operator further noted growth in its online casino verticals, which saw a revenue increase of 28% to SEK 585 million (Q1 2014: SEK 456 million)
2015 opening quarter had seen strong increased player activity through improved retention performance as Betsson reported increase deposits on its vertical of 38% amounting to SEK 3.2 billion (£240 million)
Betsson AB CEO Magnus Silvferberg commented on the operators 2015 opening quarter
“Betsson delivers an organic growth of 14 per cent and the highest operating margin of the last 12 quarters. These figures represent further evidence that Betsson’s multibrand strategy of migrating a number of brands to one shared technical platform provides the foundations for long-term, stable and high profitable growth. At the same time, Betsson delivers stable growth in deposits, gross turnover in Sportsbook and active customers. This is a strong indication on continued growth”
Betsson governance noted that future corporate growth would be driven by mobile opportunities, and the entering of Betsson products in newly re-regulated markets.
Betsson Q1 2015 performance Overview