SBC News Voice of the Sports Betting Industry
The governance of Swedish state-owned gambling operator Svenska Spel has stated that it is pleased with 2016 corporate performance thus far, as the company maintained its financial performance despite facing ‘tough market competition’.
Presenting its H1 2016 results (period ending 30 June), Svenska Spel would reveal net gaming revenues of SEK 4.4 billion (£385 million), in-line with 2015 performance.
The operator would record a consolidated profit of SEK 2.4 billion (£211 million) slightly up (1.2%) on corresponding H1 2015 metrics.
Svenska Spel governance noted that the firm was able to maintain its top-line metric performance despite suffering a decline in sales during Q2 2016.
Lennart Käll, chief executive of Svenska Spel, said: “We increased net gaming revenue overall for the first half compared with the previous year. However, we saw a drop in growth, particularly during May, which affected the second quarter negatively, but from June we once again see growth.
“We will continue to strengthen customer relations further and increase the pace of innovation by delivering new experiences, new products and services where the games are to the delight of all.”
The Swedish operator is currently seeking a replacement for its Chairmanship following the departure of Anita Linnea Steen in April, who had stepped down from the role following personal concerns regarding the operator’s social responsibility.
