2009-04-03 08:44:17 BETTING INCOME Q1 2009 - MARGINS REMAIN HIGH DURING Q1 2009
(NGM:BETT)
Betting Promotion achieved a gaming turnover of 2 267 MSEK (3 626) and a net turnover after fees of 19.6 MSEK (10.9) in the first quarter of 2009. This leads to a gross margin of 0.86% (0.30).
“The gross margin for the quarter was satisfactory and shows that the changes that were implemented gradually during last year have had the desired effect. The result also indicates that the volatility has gone down as an effect of the changes. The “Live” segment has not reached the expected margin. The ongoing work to improve this margin continues”, said Johan Moazed, Managing Director of Betting Promotion.
MARKET SEGMENTS
Betting turnover(SEK million); Net turnover After fees(SEK million); Gross Margin(%)
Soccer 1 426; 14.2; 1.00
Live 482; 1.6; 0.32
Other 359; 3.8; 1.06
Totalt 2 267; 19.6; 0.86
Interim report Q1 2009 will be published April 24, 2009.
Malmö April 3 2009
For further information, please contact:
Johan Moazed, CEO Betting Promotion Sweden AB.
Tel +46 40 611 84 94
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