Svenska Spel’s Third-Quarter Operating Profit
Photo: Janerik Henriksson/TT

Svenska Spel’s Third-Quarter Operating Profit Falls 9% as Costs Rise

The state-owned gaming company Svenska Spel reported a 9 percent drop in operating profit to SEK 656 million in the third quarter. The company attributed the decline to higher costs for strategic investments in an interim report.

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Revenue from customer gaming increased by 1 percent to SEK 1.9 billion. The increase was most pronounced in Oddset, casino games and Triss, according to the report.

“Growth in the Swedish gaming market is moderate, while competition for customers is fierce,” says Anna Johnsson, CEO of Svenska Spel, in a comment in the report.

“We exceeded our goals for the World Cup, with high customer activity right through to the final in the closing weeks of July,” she adds.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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