Betsson AB

BBG000GY6V57

Equity

ISIN SE0021626777 / Valor 135223020

NASDAQ Nordic Exchange Stockholm, Equities (2024-09-06)

SEK 127.06-0.94%

Betsson AB
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About company

Betsson AB is a prominent player in the online gaming industry, recognized as one of the largest online gaming groups globally. The company operates through a strategy of both organic growth and acquisitions, aiming to expand its market presence profitably. Listed on the Nasdaq Stockholm Large Cap under the ticker BETS-B, Betsson AB focuses on delivering a superior customer experience in the gaming sector. The company offers a diverse range of online gaming products, including casino games, sports betting, and poker. Betsson AB's business strategy is underpinned by a commitment to sustainability, with a framework that emphasizes business compliance, responsible gaming, employee impact, social impact, and climate impact.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the first quarter of 2024, Betsson AB reported a significant revenue increase, with figures reaching EUR 248.2 million, up by 12% from EUR 221.9 million in the same quarter of the previous year. This growth is attributed to a 25% organic increase, highlighting a robust performance across the company's operations.

Profitability Enhancement

Betsson AB's EBITDA for Q1 2024 stood at EUR 71.6 million, marking a 32% increase from EUR 54.3 million in Q1 2023. The EBITDA margin also improved to 28.8% from 24.5%, reflecting enhanced operational efficiency and profitability during the period.

Operating Income Record

The company achieved its highest ever operating income (EBIT) in Q1 2024, which was EUR 57.9 million, up by 35% compared to EUR 43.0 million in the corresponding quarter of the previous year. The EBIT margin increased to 23.3% from 19.4%, underscoring a strong operational leverage and cost management.

Net Income and EPS

Net income for Betsson AB in Q1 2024 was EUR 42.8 million, an increase from EUR 36.6 million in Q1 2023. Earnings per share (EPS) also rose to EUR 0.30 from EUR 0.28, demonstrating the company's ability to enhance shareholder value amidst challenging market conditions.

Customer Base Expansion

During Q1 2024, Betsson AB experienced a 15% increase in its active customer base, growing to 1,281,267 from 1,115,641 in Q1 2023. This growth indicates a strong market presence and effective customer engagement strategies, contributing to the overall positive performance of the company.

Summarized from source with an LLMView Source

Key figures

0.05%1Y

53.8%3Y

162%5Y

Performance

31.6%1Y

34.3%3Y

38.5%5Y

Volatility