In order to achieve enhanced transparency between Betsson and its peers, Betsson has decided to change its methods of accounting Affiliate- and Partner commission, Cost of Sale and Gross Profit. From now on, Affiliate- and Partner commission will be included in Cost of Sale instead of Marketing costs.
Simultaneously, Betsson has reviewed its reporting regarding Segment, Product Category and Geographical Area. From now on Revenues will, instead of Gross Profit, be used as a basis for reporting the Segment, Product Categories and Geographical Area.
The changes in classification, do not have any effect on Betsson´s previously reported revenues, EBITDA, EBIT, or profit before and after tax, nor does it have any effect on the balance sheet or reported cash flows. Betsson has retrospectively restated the items affected by the reclassification, see Appendix A. Current tables, before the reclassification, can be found in Appendix B.
These reclassifications will be applicable from first of January 2015. Next interim report will be published April 24th, 2015.
For further information, please contact:
Magnus Silfverberg, CEO and President Betsson AB (publ), phone: +46 (0)8 506 403 00 or magnus.silfverberg@betssonab.com.
