Betsson AB (OSTO:BETS B)
kr 120.4 0.2 (0.17%) Market Cap: 16.53 Bil Enterprise Value: 15.88 Bil PE Ratio: 7.93 PB Ratio: 1.79 GF Score: 98/100
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Q4 2019 Betsson AB Earnings Call Transcript

Feb 13, 2020 / 08:00AM GMT
Release Date Price: kr48.82 (+4.27%)
Pontus Lindwall
Betsson AB - CEO & President

Hi. Welcome to the presentation of Betsson's Fourth Quarter 2019. So I'm going to start with a few bullets on some main topics for the report.

We have a strong operating income, revenue at SEK 1,290 million and EBIT at SEK 200 million, with an EBIT margin of 15.5%. So we're strong in converting revenues to profits to EBIT.

Well, Sportsbook, very strong turnover. It's an all-time high in the Sportsbook. Sportsbook margin being a little bit lower than average, which has an impact on the revenue, but still a very strong activity, and that is what really counts in the long term.

Number of active customers grew by 3% year-on-year, and the deposits into all our gaming systems is an all-time high in the fourth quarter. That's also another sign of a strong underlying operation. We are continuing to do investments in our own technology with big success. We have migrated our NetPlay operations to the Techsson platform. We have launched a Sportsbook in Italy. Before that, we operate only Casino. And we have made a strategic investment in

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