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Betsson shares rally despite drop in Q2 operating profit

21st July 2016 8:40 am GMT

Stockholm-listed gaming operator Betsson has said that its financial performance in the second quarter of 2016 did not live up to expectations, having seen revenue increase by only 9 per cent to SEK935.4m (approx. €98m) due to lower sportsbook margins and exchange rate fluctuations.

Operating income fell by 26 per cent to SEK158.3m during the quarter, in the mid-range of its recent guidance, with unfavourable currency fluctuations costing the business SEK23.5m.

“Many factors made the quarter challenging; [...]

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