Betsson has reported record revenue for 2021, in spite of a “challenging” Q4

Betsson has reported track record revenue for 2021, inward spite of a “challenging” Q4.

The Stockholm-listed chemical group has published its fourth billet financial results, bringing its full-year revenue to SEK 6.7bn ($733m) for 4% growth.

However, it did not death 2021 on a high-pitched note, reporting a 10% revenue drib for Q4. This included a 9% fall down inward cassino revenue and an 11% strike inwards sportsbook revenue.

Nevertheless, its unit twelvemonth carrying into action remained positive. Operating income for 2021 amounted to SEK 1.2bn, a 6% step-up — though for Q4, this too was down.

For the last 3 months of the year, Betsson’s operating income was nearly SEK 211m, a 34% decrease.

Likewise, sack up income for 2021 as a whole totalled SEK 1.05bn, another 6% increase, piece for the 4th quarter, this amounted to SEK 189m for an around 32% decrease.

But Q4 wasn’t without its upsides. The group’s fighting(a) customers rosiness to 1,161,683, upward 17% from 989,969 for the quaternary quarter of 2020.

“For Betsson, 2021 ended upward a book yr in terms of revenue,” said the company’s CEO Pontus Lindwall, but he added: “The 4th billet of 2021 began inwards a headwind.

“This was partly due to an exceptionally low-toned sportsbook security deposit in October next an unco mellow identification number of instances of favourites winning, especially inwards football.

“In addition, Betsson stopped accepting Dutch customers as a ensue of new unexpected policies from the Dutch people regulator.”

All-in-all, Lindwall was well-chosen with Betsson’s unit year performance and looked forrad to 2022. He remarked: “2021 was another twelvemonth where we could check the grandness of a strong worldwide and diversified production portfolio featuring local expertise and warm brands.

“2022 will imply continued investments both inward technology and the existing mathematical product portfolio.”