Svenska Spel gaming revenue jumps 18%

Finance News

Svenska Spels net gaming revenues for the quarter are SEK 1,938 M (1,643), an increase of 18 percent compared with the same quarter last year. 

The operating profit of SEK 574 M (473) is an increase of 21 percent and the operating margin amounts to 30 percent.The digital business increased by 35 percent compared with the same quarter last year and now accounts for 52 percent of the Group’s revenues.

Net gaming revenues for the Sport & Casino business area increased by 106 percent compared with the same quarter last year. The range of sports games was very limited in April and May last year, but the development is nevertheless very positive.

We are making a financially strong quarter and have a positive customer development. Our focus on improving the customer experience yields results. We have the highest image in the gaming industry and high satisfaction among both customers and employees. Customers choose us because we offer entertaining games in a safe and responsible way. Now, in addition, all our operations are up and running again when our three Casino Cosmopol opened on July 7 after having been closed for over fifteen months, says Patrik Hofbauer, President and CEO of Svenska Spel.