ATG®’s third quarter is strong and shows growth of 5 percent in net gaming revenue, reduced costs and thus an improved result. All three gaming areas, horse, sports and casino have growth.

Looking over the first nine months of the year, the net gaming revenue and operating profit are the same as last year.

It is gratifying as above all the first quarter was strongly affected by the high inflation which reduced the customers’ entertainment wallet and thus also the gambling, says Lotta Nilsson Viitala, CFO at ATG.

Despite a strong third quarter, we must state that it is still difficult to predict how the recession, and all the uncertainty in the outside world, will affect the economy and our results going forward. Added to that will probably be an increased gaming tax from 1 July 2024, says Lotta Nilsson Viitala.

All figures below refer to the ATG® Group and the entire period January – September 2023 in comparison with the same period last year.

Net gaming revenue: The net gaming revenue for the period was SEK 3.9 billion, which is the same as last year.

ATG’s largest and most important gaming area, the horse game, decreased by 5 percent. 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 total sports betting. The casino’s net gaming revenue increased by 23 percent and most of the growth comes from the number of customers continuing to increase.

ATG’s subsidiary in Denmark, 25syv, continues to take market shares and had growth of 22 percent.

Total revenue, customers and gaming liability. The group’s total revenue amounted to 4.4 billion, which is a decrease of 1 percent. The number of active customers was approximately 1.3 million.

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. 178,000 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 numbers have been very stable. ATG has many and committed customers and it is very important to us that our customers feel good about their gambling.

Costs and operating profit
The group’s costs including gambling tax were 3.2 billion. Costs have been reduced by SEK 48 million.

We continue to make the operations more efficient, but are negatively affected, among other things, by inflation and currency effects with the weak Swedish krona, says Lotta Nilsson Viitala.

ATG’s operating profit was SEK 1.2 billion. The operating margin is 28 percent, which is the same as last year.

Another way to see how things are actually going for ATG is to look at the parent company’s results before transactions with the owners, which was just under 1.7 billion or 38 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.