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Betsson AB (BETSb.ST)

BETSb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Betsson Q1 operating profit just above forecast
Wednesday, 25 Apr 2018 01:30am EDT 

April 25 (Reuters) - Betsson AB ::Q1 GROUP REVENUE WAS SEK 1,210.0 (1,102.0) MILLION, AN INCREASE OF 10 PERCENT WITH AN ORGANIC GROWTH OF 4 PERCENT.Q1 OPERATING INCOME (EBIT) WAS SEK 211.4 (240.9) MILLION.Q1 OPERATIONAL EXPENSES IN QUARTER INCLUDED A NON-RECURRING RESTRUCTURING COST OF SEK 15 MILLION.SAYS Q2 HAS BEGUN WITH REVENUES SLIGHTLY LOWER THAN AVERAGE DAILY REVENUE FOR Q2 LAST YEAR.SAYS WEAKER START IS DUE TO A DECLINE IN AN ACQUIRED COMPANY AND A WEAKER THAN AVERAGE SPORTSBOOK MARGIN IN BEGINNING OF QUARTER.REUTERS POLL: BETSSON Q1 REVENUES WERE SEEN AT SEK 1,245 MILLION, OPERATING PROFIT AT 207 MILLION.  Full Article

LeoVegas: Authentic Gaming Signs Agreements With Playtech And Betsson Group
Monday, 5 Mar 2018 07:52am EST 

March 5 (Reuters) - LEOVEGAS AB (PUBL) ::LEOVEGAS AB: AUTHENTIC GAMING SIGNS AGREEMENTS WITH PLAYTECH AND BETSSON GROUP.‍AUTHENTIC GAMING WILL GAIN ACCESS TO PLAYTECH'S GLOBAL NETWORK OF OPERATORS​.‍AUTHENTIC GAMING WILL GAIN ACCESS TO PLAYTECH'S GLOBAL NETWORK OF OPERATORS​.‍OPERATORS THAT USE PLAYTECH AS A SUPPLIER WILL GAIN ACCESS TO LIVE ROULETTE TABLES FROM REAL CASINO WORLD​.  Full Article

Betsson Q4 operating profit just beats forecasts
Thursday, 8 Feb 2018 01:30am EST 

Feb 8 (Reuters) - Betsson Ab ::Q4 ‍GROUP REVENUE WAS SEK 1,256.4 (1,118.5) MILLION​.Q4 ‍OPERATING INCOME (EBIT) WAS SEK 218.4 (265.1) MILLION​.SAYS ‍BOARD OF DIRECTORS PROPOSES TO AGM THAT SEK 393.1 (658.9) MILLION, WHICH CORRESPONDS TO SEK 2.84 (4.76) PER SHARE, IS DISTRIBUTED TO SHAREHOLDERS​.SAYS ‍RESTRUCTURING COSTS OF APPROX. SEK 15 MILLION WILL BE TAKEN IN Q1 2018.REUTERS POLL: BETSSON Q4 REVENUES WERE SEEN AT SEK 1,238 MLN, OPERATING PROFIT AT 215 MLN, DIVIDEND AT 2.76 SEK/SHARE​.  Full Article

Betsson Q3 ‍EBIT at SEK 216 mln, above expectations
Friday, 20 Oct 2017 01:30am EDT 

Oct 20 (Reuters) - BETSSON AB :Q3 ‍OPERATING INCOME (EBIT) WAS SEK 216.0 (272.9) MILLION, A DECLINE OF 21 PERCENT​.Q3 GROUP REVENUE WAS SEK 1,180.6 (1,063.3) MILLION, AN INCREASE OF 11 PERCENT​.REUTERS POLL: BETSSON Q3 REVENUES WERE SEEN AT SEK 1,218 MILLION, OPERATING PROFIT 212 MILLION SEK.‍PLANS TO LAUNCH FRONT-END FRAMEWORK OBG FOR CASINO AND SPORTSBOOK ON APPS AND DESKTOP DURING 2018.‍PLANS TO INVEST MORE IN MARKETING TO CAPITALISE ON THE IMPROVED PRODUCT OFFERING.EXPECTS THAT REVENUES FROM REGULATED MARKETS WILL CONTINUE TO GROW AND THEREBY INCREASED BETTING DUTIES PAID​.  Full Article

CEO Ulrik Bengtsson leaves Betsson
Monday, 4 Sep 2017 07:55am EDT 

Sept 4 (Reuters) - Betsson Ab :CEO Ulrik Bengtsson leaves Betsson .Says betsson ab's board of directors has decided to appoint Pontus Lindwall CEO of Betsson until a new CEO has been recruited. Ulrik Bengtsson has chosen to leave his position immediately.In connection with this appointment, Pontus Lindwall’s role as Chairman of the Board will be assumed by the Board member Patrick Svensk until further notice.  Full Article

Betsson Q2 EBIT beats forecasts, sees promising start to Q3
Wednesday, 19 Jul 2017 01:35am EDT 

July 19 (Reuters) - Betsson AB :Q2 organic revenue growth was 15 percent.Betsson Q2 operating profit SEK 207 million versus SEK 200 million seen in Reuters poll.The daily revenue in the beginning of the third quarter was, as expected, much higher than the average daily revenue for the full third quarter 2016..  Full Article

Betsson asks Commission to re-open infringement proceedings against the Netherlands
Friday, 7 Jul 2017 02:30am EDT 

July 7 (Reuters) - Betsson AB :Betsson asks the European Commission to re-open infringement proceedings against the Netherlands.  Full Article

Betsson beats EBIT forecasts Q1
Thursday, 27 Apr 2017 01:30am EDT 

April 27 (Reuters) - Betsson AB :Q1 revenue increased by 10.2 percent to SEK 1,102 million Casino revenue increased by 23.0 percent..Says Q2 is normally seasonally weak.Says quarter has started with higher revenues than daily average for Q2 last year, but lower than daily average revenue for Q1 2017.Says underlying activity remains strong.Q1 EBIT SEK 240.9 million (250.1).Reuters poll: Betsson Q1 revenues were seen at SEK 1,116 million , operating income SEK 227 million.  Full Article

Betsson appoints Kaaren Hilsen new CFO
Friday, 21 Apr 2017 04:00am EDT 

April 21 (Reuters) - Betsson AB :Says appoints Kaaren Hilsen new CFO.Says Hilsen is currently CFO of Telenor Sweden, a position she has held for four years.  Full Article

Betsson says offer to acquire Netplay TV sanctioned by court
Wednesday, 29 Mar 2017 06:30am EDT 

Betsson : Says offer to acquire UK gaming operator Netplay TV sanctioned by court and will be completed . Says the total offer consideration amounts to GBP 26.4 million (on a fully diluted basis) and one-off transaction costs, which will be reported in the first quarter results, amounted to SEK 4.3 million .Says the currently outsourced customer service and payment operations will be centralised to Malta and crucial CRM and VIP functions will be moved closer to the rest of the Betsson business.  Full Article

BRIEF-Betsson Q1 operating profit just above forecast

* Q1 GROUP REVENUE WAS SEK 1,210.0 (1,102.0) MILLION, AN INCREASE OF 10 PERCENT WITH AN ORGANIC GROWTH OF 4 PERCENT