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BETSSON AB: Interim Report for the period 1 January – 30 June 2016

Betsson AB
Interim report

Interim Report for the period 1 January – 30 June 2016

Revenue in the second quarter increased by 9 percent

Second quarter

-- Revenue increased by 9 percent to SEK 935.4 (860.6) million. Exchange rate
fluctuations had a negative impact on revenue of SEK 32.8 million.
-- Casino revenue amounted to SEK 683.2 (617.8) million, an increase of 11
percent. 73 (72) percent of the total revenue in the second quarter was
attributable to Casino.
-- Sportsbook revenue amounted to SEK 223.0 (206.4) million, an increase of 8
percent. A low sportsbook margin resulted in lower than expected revenues.
-- Mobile revenue amounted to SEK 383.1 (286.1) million, an increase of 34
percent. Mobile revenue now represents 41 percent of Group revenue.
-- Operating income amounted to SEK 158.3 (213.8) million and the operating
margin was 17 (25) percent. Operating income was affected by unfavourable
exchange rate fluctuations amounting to SEK 23.5 million.
-- Income before tax amounted to SEK 156.4 (212.3) million.
-- Net income amounted to SEK 146.4 (201.6) million, corresponding to SEK 1.06
(1.46) per share.
-- During the quarter, the number of active players was 563 247, which
corresponds to growth of 58 percent.
-- Customer deposits in all of Betsson’s gaming solutions amounted to SEK 3
472.8 (3 116.6) million, an increase of 11 percent.
-- Europe-Bet, which was acquired in 2015, contributed by SEK 94.1 (-) million
to revenue in the quarter, and by SEK 22.9 (-) million to operating income.

Interim period, January-June

-- Revenue increased 13 percent to SEK 1,935.5 (1,708.0) million.
-- Operating income amounted to SEK 408.4 (451.8) million.
-- Income before tax amounted to SEK 405.3 (448.7) million.
-- Net Income amounted to SEK 380.3 (425.7) million, corresponding to SEK 2.75
(3.08) per share.

Comment from Ulrik Bengtsson, CEO Betsson AB

“The results in the second quarter did not live up to our expectations. Many
factors made the quarter challenging; primarily unfavourable currency effects,
lower than average sportsbook margins and lower revenue in certain markets,
partly due to regulatory changes. Betsson’s subsidiaries operate in a dynamic
environment which is highly demanding. They have taken several actions in the
past months in order to increase growth and thereby profitability. The
sportsbook offering and functionality have been improved considerably, new
exciting products have been launched and our casino has been upgraded. These
actions will have effect in future quarters, and we have already in the end of
the second quarter seen a strong uplift in active customers. The third quarter
has started with daily revenue significantly above the average of the second

Presentation of the Interim Report

Today, Thursday, 21 July, at 9:00 AM CEST, Betsson’s CEO, Ulrik Bengtsson, will
present the Interim Report from Betsson’s office at Regeringsgatan 28,
Stockholm, and through webcast on or and by phone on +46 (0)8 505 564 74
(Sweden), +44 (0)203 364 53 74 (UK), or +1 (0) 855 753 22 30 (US). The
presentation will be held in English and followed by a question and answer

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