Sports betting and online casino drive ATG full-year revenue to SEK 5.3 billion

Finance News

Increased net gaming revenue, reduced costs and thus an improved result for ATG®. This is clear when ATG presents its year-end statement for 2023.

Considering that 2023 started really tough, affected by high inflation and great financial uncertainty about the future, it is very nice that we can deliver a better result compared to 2022, says Lotta Nilsson Viitala, CFO at ATG.

In the fourth quarter, in isolation, all gaming areas, horse, sports and casino, showed growth, with a total of 4 percent compared to the same period last year.

All figures below refer to the ATG® Group and the entire period January – December 2023 in comparison with the same period in 2022, unless otherwise stated. Net gaming revenue for the year was SEK 5.3 billion, a growth of 1 percent. The net gaming revenue includes ATG’s three gaming areas: horse, sports and casino, in both Sweden and Denmark.

ATG’s largest and most important gaming area, the horse game, decreased by 3 percent during the year. The sports game had growth of 11 percent. ATG is the largest betting company in sports betting and the second largest company in Sweden in sports betting overall. The casino’s net gaming revenue increased by 20 percent. Most of the growth comes from the number of customers continuing to increase.

Since the re-regulation of the Swedish gaming market in 2019, ATG has taken a strong market position in the new gaming areas sports and casino.

They now account for approximately 26 percent of the group’s net gaming revenue, revenue that leads to good results on the bottom line, says Lotta Nilsson Viitala.

ATG’s subsidiary in Denmark, 25syv, continues to gain market share and had growth of 16 percent.
The group’s total revenue amounted to 6 billion, which is the same as in 2022. The number of active customers was approximately 1.3 million.

It is very important to us that our customers feel good about their gambling. We therefore continue to develop our gambling responsibility in different ways, says Lotta Nilsson Viitala.

To clarify gambling responsibility work, ATG reports the proportion of green customers and proportion of green turnover based on self-tests and actual gambling behaviour. 188,000 Swedish customers have done the self-test. Of these, 87 percent are green in their gambling and the share of green turnover is 80 percent. Both figures have been very stable during the year.

The group’s costs including gambling tax were 4.2 billion. Costs have been reduced by SEK 106 million.

We have worked hard to streamline operations to deal with the negative effects of inflation and the weaker Swedish krona, says Lotta Nilsson Viitala.

ATG’s operating profit was SEK 1.8 billion, an improvement of SEK 101 million or 6 percent. The operating margin is 30 percent, which is an improvement of 2 percentage points.

Another way to see how ATG is actually doing is to look at the parent company’s earnings before transactions with the owners which were 2.3 billion or 39 percent of total revenues.

Being an efficient company and having a high result is important to us because ATG is and must remain the driving force in the Swedish horse industry. Our entire surplus goes back to Swedish Trotting and Swedish Gallop, says Lotta Nilsson Viitala.