The year 2023 marked a record for Betsson, with higher revenues and EBITDA than ever before. With further global expansion on the horizon, Pontus Lindwall, CEO of Betsson, believes it's the company's localized approach that will be crucial for achieving continuous growth.
During Betsson's financial year 2023, revenues surged impressively by 22%, reaching a record €948.2 million. Similarly, EBITDA skyrocketed by 52%, from €172.4 million in 2022 to €262.7 million. The annual results were driven by an increase in the fourth quarter, which recorded a 14% hike in group revenues.
These results highlight Betsson's exceptional performance over the past year. According to Lindwall, the outlook for the company remains positive, both in the short and long term. The CEO is delighted with the group's performance, likening it to a well-oiled machine.
"We are very pleased with the results of 2023," Lindwall said. "It's a record year for the group. It's gratifying to finish so strong, especially with the record quarter."
Lindwall attributes Betsson's success to a solid and diversified strategy, both in terms of geography and organization. This diversification has allowed Betsson to effectively adapt to different markets and situations, contributing to the solid results achieved.
For 2024, Betsson has ambitious plans for global expansion. Lindwall notes that the company is particularly interested in Latin America, with a focus on markets such as Argentina, Colombia, and Peru. Additionally, with the recent legalization of sports betting and online gaming in Brazil, Betsson is poised to make the most of this opportunity.
Despite the challenges posed by expansion, such as complex regulatory processes and competition from the black market, Lindwall is optimistic about Betsson's future. The company will continue to focus on offering a localized experience to its customers in each market, which Lindwall sees as crucial to its continued success.
In summary, Betsson aims to build on the success of 2023 and continue its upward trajectory in 2024. With a solid strategy and a clear vision, the company is well positioned to continue growing and thriving in the global online gambling market.
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