Svenska Spel, operator of the Swedish National Lottery, has indicated a positive third quarter (Q3) period for the company, despite a decline in its revenues.
Publishing its Q3 interim report for the period ending September 30, Svenska Spel revealed its net gaming revenue (NGR) dropped by SEK19m (1%) to SEK1.95bn, which also represents a downturn on Q2 figures.
Moreover, its operating profit for the period fell by SEK15m (2%) to SEK681m.
However, Svenska Spel has hailed its ‘strong’ operating margin of 35% which is ‘on par’ with the previous year.
Despite ‘challenging’ times, the operator has continued to invest in new gaming experiences and keep its focus on sustainable gaming.
Furthermore, the Tur lottery business increased NGR by 3% year-on-year while Eurojackpot helped Svenska Spel maintain its positive progress.
“We make a good performance in challenging times,” remarked Patrik Hofbauer, President and CEO.
“Both our strong operating margin and our investment in new gaming experiences in all business areas are positive. This goes hand in hand with a continued focus on sustainable gaming, where the share of healthy revenue during the quarter reaches the highest level ever.”
During Q3, Svenska Spel distributed 58 million winnings in number games and lotteries with a total value of more than SEK206m.
The firm also noted ‘great interest’ among its lottery customers for Triss, which was part of a collaboration with the Swedish Football Association.