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 290 employees and offices in Copenhagen, Kraków, Lódz, Niš, Paris, Stockholm, Thessaloniki and Vienna.
Key Figures (tEUR) 2017 2018 2019
Income statement
     
Revenue 26,257 40,483 67,449
Revenue Growth (%) 51 54 67
Organic Revenue Growth (%) 28 9 26
Operating profit before amortisations (EBITA) 10,549 11,992 26,616
Operating profit before amortisations margin (%) 40 30 39
Operating profit 9,873 9,068 21,202
Operating profit margin (%) 38 22 31
Result of financial items -87 -618 -2,448
Profit before tax 9,786 8,450 18,755
Profit after tax 7,446 5,446 13,944
Balance Sheet      
Balance Sheet Total 38,705 148,636 229,601
Equity 14,775 85,858 138,317
Current assets 6,860 24,942 36,035
Current liabilities 17,660 24,263 22,088
Cash flow      
Cash flow from operations 9,107 11,078 25,481
Investments in tangible assets 16 -657 -955
Cash conversion rate before special items (%) 87 89 91
Cash flow from investment activities -18,519 -60,629 -49,509
Cash flow from fnancing activities 6,932 67,895 36,365
Financial ratios      
Earnings per share (in EUR)* 0.27 0.16 0.32
Diluted earnings per share (in EUR)* 0.26 0.15 0.31
Liquidity ratio 0.39 1.03 1.63
Equity to assets ratio (%) 38 58 60
Average number of full-time employees 116 198 364

* Historic numbers updated with share-split 1:54

Note: Historic numbers updated with share-split