Betsson grew revenues by 15 per cent to SEK5,420m (£447m) last year, the group revealed in its annual report, with operating income standing at SEK1,194m – a rise of 35 per cent and equivalent to an operating margin of 22 per cent.
As a result, earnings per share for 2018 stood at SEK7.79, increasing by 37 per cent.
Citing the “back on track” programme that saw a major organisational restructure take place, Betsson stated that “clear ownership and continuous monitoring have enabled the group to achieve results in areas such as product quality and functionality, increased market share, improved leadership and reinforced profitability.
At the end of the year, Betsson secured a five-year licence for the re-regulated Swedish market.
Pontus Lindwall, CEO and president of Betsson, said: “To succeed, there are no easy solutions or sacred cows. We have strengthened the leadership and we have spread ownership of our measures towards change.
“We have been clear, and this has helped to create a common understanding of what was required in all areas. When you have a common understanding, it becomes easy to de ne what needs to be done. The entire organisation then undertook activities, large and small, that were followed up – on a weekly basis when necessary.”
