| Betsson defies the economic crisis with strong financial result |
| 01.05.2009 | The Swedish group of on-line gambling of Betsson obtained an excellent financial result in the first quarter. The enterprise showed strong conversion, profit and cash numbers.
The highlights of the report:
* Conversion rose by 38 per cent, with sec. 315.5 (227.8 in the year 2008) million
* The operational result improved by 45 per cent on sec. 82.4 (56,8) millions
* Incomes before taxes rose by 44 per cent to sec. 83.0 (57,5) millions
Incomes for the period amounted to altogether sec. 78.8 (53,6) millions, a growth of 47 per cent, which sec. corresponds to 2.01 (1,36) per share.
The management reported that the Kassenstand up to the end of the period amounted to sec. 436.8 (275,1) million. No interest-bearing commitments load the group.
Pontus Lindwall, Betsson president and head of the company said to the shareholders: “All Betsson web pages developed further fully. The good customer activity and high deposits in the first quarter secure further good growth in the course of the yearly. ” |
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