Annual profits drop for Danske Spil

Business News

Danske Spil said it achieved a total BSI of DKK 2,300 million. and a profit of DKK 794 million. DKK after tax. Although smaller than in the same period last year, it is a satisfactory half-year result.

In the first six months of the year, Danske Spil’s gross gaming revenue (BSI) has fallen by DKK 194 million. The fall can i.a. attributed to COVID-19, which i.a. for several months closed to large parts of the Danish and international sports world.

This has had a negative impact on earnings in several of the Group’s subsidiaries, including Danske Licens Spil, which, among other things, offers Oddset, Tips and casino games. In the first half of 2020, the company had a BSI of DKK 896 million. DKK, which is approx. 166 million DKK less than in the same period in 2019.

The first half of 2020 has been challenging in every way, also for Danske Spil. COVID-19 closed for sports matches across the globe and significantly reduced the supply of sports bets. Overall, Danske Spil has succeeded in maintaining a satisfactory turnover at the casino and especially at the lotteries, which have benefited from several large prize pools ”, says Peter Christensen, Chairman of the Board of Danske Spil.

In contrast to Danske Licens Spil, Danske Lotteri Spil, which i.a. provider Lotto, Vikinglotto and Eurojackpot, had an increase in BSI. In the first half of 2020, the company’s BSI amounted to DKK 1,304 million. DKK, which compared with the turnover in the same period last year is an increase of just over 65 mill. kr.

“In step with the cautious normalization of society, we will also experience a normalization of the turnover on Oddset and other gaming offers in our subsidiaries. Combined with a reduction in the company’s costs – not least the marketing costs – this means that Danske Spil is back on track. Overall, we thus maintain the expectation for the result for the year ”, says Søren Skovdal Rasmussen with reference to the quarterly report for the first quarter of 2020.