Svenska Spel revenues up 4% as profits slump

Former Swedish monopoly operator describes 2019 as the “most tumultuous in the history of the group”

Svenska Spel has reported net revenue of SEK8,579m (£690m) for full-year 2019, a rise of 4% over 2018, despite regulation and increased competition in Sweden taking their toll on the Visby-based business. Operating profit was SEK2,466m (£190m) from January to December 2019, a year-on-year (YoY) decrease of SEK2,059m (£160m), of which SEK1,620m (£130m) was attributed…

Finance | Svenska Spel | Sweden