Svenska Spel full year revenue tops SEK 8bn 

Finance News

The Svenska Spel Group’s fourth quarter is characterized by continued investments in new gaming experiences and a maintained focus on sustainable gaming. Svenska Spel’s board intends to propose a dividend to the owner of SEK 2 billion. This is evident from Svenska Spel’s year-end report for 2022, which is presented today.

I am happy that the board intends to propose a dividend of SEK 2 billion to the owner. That our surplus goes back to the Swedish people is one of the reasons why we are all of Sweden’s gaming company. During the 25 years that Svenska Spel has existed, together with our customers, we have contributed over SEK 100 billion to the state treasury, says Patrik Hofbauer, president and CEO of Svenska Spel.

For the full year 2022, net gaming revenue is SEK 8,036 million (8,144), a decrease of 1 percent compared to the previous year. The operating profit for the group is SEK 2,387 million (2,468), a decrease of 3 percent. The operating margin amounts to 30 percent (30).

The group’s net gaming revenue for the fourth quarter is SEK 2,185 million (2,233), which is a decrease of 2 percent. The operating profit of SEK 580 million (601) is a decrease of 3 percent, and the operating margin amounts to 27 percent (27). The online business increases by 1 percent compared to the same quarter last year, and accounts for 48 percent (47) of the group’s revenue during the quarter.

The net gaming revenue for the Sport & Casino business area decreases during the quarter by 8 percent compared to the same quarter last year. Strengthened gaming responsibility measures continue to have a positive effect on the share of healthy revenue, which in the quarter reaches an all-time high, but negatively affects net gaming revenue. As expected, the FIFA World Cup generated a lower customer interest than previous championships, partly because of the timing, partly because the Swedish national team did not qualify. During the WC, there was also a break in many regular national football leagues, which limited the possibility of offering games such as Stryktipset, Europatipset and Toptipset.

Business area Tur increases net gaming revenue by 2 percent compared to the corresponding quarter last year. The increase is driven by number games, where Eurojackpot continues to be very popular with customers and had a jackpot of SEK 1.3 billion during the quarter.

For the Casino Cosmopol & Vegas business area, net gaming revenue will decrease by 10 percent. Here too, strengthened gambling responsibility measures negatively affect revenues, above all for slot machines Vegas, while the measures have the intended positive effect on the share of healthy revenues. Vegas’ net gaming revenue is also affected by the deteriorating financial situation of customers.

Within gaming experiences, customers are now offered the opportunity to swipe a Triss as a gift. The first digital Christmas calendar for Triss has been launched and the total sales of Triss calendars increased compared to the previous year. New digital lotteries have been launched, a total of 13 during the year. Within the sports games, the product pages for pool games have been improved during the quarter, the World Cup tip had its premiere and Oddset was updated with game packages. Casino Cosmopol has had full Christmas tables, well-attended New Year’s dinners, and sold out poker tournaments at the casino in Gothenburg.

During the quarter, Svenska Spel distributed 76 million winnings on number games and lotteries with a total value of more than SEK 185 million. For the full year 2022, this means 282 million winnings from number games and lotteries with a total value of more than SEK 782 million. Sports games have delivered 20 million in winnings during the quarter, of which eleven for Stryktipset. This means that Stryktipset broke its own record from 2015 and gave 62 million in profits during the year. A total of 91 million in profits fell from the Sport & Casino business area in 2022, which is also a new record.