Betsson Group has reported revenue growth driven by continued momentum in the sportsbook and through geographic diversification in its Q1 results.
Group revenue was €170.2m (€157.4m), an increase of eight per cent, including an organic increase of 14 per cent. Casino revenue decreased by five per cent. Sportsbook revenue increased by 45 per cent and the sportsbook margin was 8.3 per cent (7.2 per cent).
Pontus Lindwall, president and CEO, said: "Some years ago, Betsson conducted an extensive review to capitalise on growth opportunities on the gaming market that would maintain profitability.
"The review resulted in the following strategic cornerstones: growth in existing markets, growth in new markets, strategic additions and acquisitions and investment in B2B.
"Thanks to goal-orientated work from our employees, we have been able to take advantage of the growth opportunities identified, which has resulted in increased revenue and healthy profitability."
