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Betsson predicts lower than expected Q3 results

28th September 2012 8:18 am GMT

Sweden’s Betsson has warned that it expects third quarter revenues and operating profit to be below market expectations, with lower margins impacting the company’s sportsbook and other products.

Betsson said that it expects third revenues to be between SEK525m and SEK535m, higher than last year’s total of SEK465.7m but below market expectations. The company also said that it expects operating profit (EBIT) to be between SEK115m and SEK130m, compared to SEK152.8m a [...]

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