Sweden’s Betsson has reported a 28 per cent increase in revenues to SEK536.1m (€60.3m) for the first quarter of 2012, with the company planning to expand operations into Germany under its Betsafe brand following any potential liberalisation of the market.
Q1 Segment results, MSEK
Gross Profit Q1 2011 Q1 2012
Sportsbook 104.3 107.8
-B2B 90.2 63.2
-B2C 14.0 44.6
Casino 188.3 308.3
Poker 20.5 27.5
Other 17.7 15.4
Betsson’s online casino continues to be the company’s strongest product, accounting for 67 per cent of total gross profit, followed growth of 64 per cent to SEK308.3m during Q1.
Poker also performed well with gross profit climbing 34 per cent year-on-year to SEK27.5m, while sportsbook gross profit rose by 3 per cent to SEK107.8m.
Nordic countries now account for nearly 82 per cent of B2C gross profit, followed by the EU (outside Nordic region) with a 15 per cent share. Other European countries and the rest of the world account for the remaining 3 per cent.