Betsson reports strong full year 2018 performance 

Betsson reported a 15 percent rise in group revenue for the full year 2018, reaching SEK 5,419.8 million (2017: SEK 4,716.5 million), with an organic growth of 11 percent.

Operating income (EBIT) increased 35 percent to reach SEK 1,193.7 million (2017: SEK 882.2 million), while Net Income was up 35 percent to SEK 1,078.1 million (2017: SEK 786.5 million), corresponding to SEK 7.79 (2017: SEK 5.68) per share. Operating cash flow was SEK 1,273.3 million (2017: SEK 946.7 million).

On the back of these results, Betsson’s Board of Directors has proposed a dividend of SEK 3.89 per share (2017: SEK 2.84) be distributed to shareholders – equating to the distribution of SEK 539 million (2017: SEK 393.1 million).

Pontus Lindwall, President and CEO:

“For the third consecutive quarter Betsson delivered all-time high revenue and EBIT and proved 2018 to be a turning point.

“I am happy to see how we have been able to show continuous results from the ”Back on track” program during the year. A year ago we announced the plan that involved the entire organisation. Since then, the focus has been on the development of products and technology to continue to deliver the best customer experience. At the same time, there has been a strong determination to improve efficiency in marketing and in internal processes to increase profitability.”

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