Market: Stockholm
Symbol: BETCO
ISIN: DK0060952240

Better Collective is a leading sports betting media group within the iGaming industry. Through our products, we aim to make sports betting and gambling entertaining, transparent and fair for the global network of online bettors.

Better Collective was founded in 2004 by Jesper Søgaard, CEO and Christian Kirk Rasmussen, COO. Better Collective is a Danish-Based company that over the years has been expanding extensively. Today Better Collective has a staff of 450 employees and offices in Copenhagen, Kraków, Lódz, Niš, Paris, Stockholm, Thessaloniki and Vienna.
Key Figures (tEUR) 2019 2020 2021
Income statement
     
Revenue 67,449 91,186 177,051
Revenue Growth (%) 67 35 94
Organic Revenue Growth (%) 26 8 29
Operating profit before amortisations and special items (EBITA before special items) 27,231 36,604 54,011
Operating profit before amortisations (EBITA) and special items margin (%) 40 40 31
Operating profit (EBIT) 21,202 30,489 28,749
Operating profit margin (EBIT) (%) 31 33 16
Result of financial items -2,448 -1,778 -2,522
Profit before tax 18,755 28,712 26,227
Profit after tax 13,944 21,927 17,292
Balance Sheet      
Balance Sheet Total 229,601 315,065 597,379
Equity 138,317 162,542 344,848
Current assets 36,035 48,555 62,898
Current liabilities 22,088 26,312 55,452
Cash flow      
Cash flow from operations 25,481 37,696 45,207
Investments in tangible assets -955 -460 -687
Cash conversion rate before special items (%) 91 99 92
Cash flow from investment activities -49,509 -68,090 -219,219
Cash flow from financing activities 36,365 46,790 188,759
Financial ratios      
Earnings per share (in EUR)* 0.32 0.47 0.34
Diluted earnings per share (in EUR)* 0.31 0.45 0.33
Liquidity ratio 1.63 1.85 1.13
Equity to assets ratio (%) 60 52 58
Average number of full-time employees 364 420 635

* Historic numbers updated with share-split 1:54

Note: Historic numbers updated with share-split