The Svenska Spel Q1 2025 report is out. The quarter’s results show major changes compared to the previous year. In focus are the operating profit and cash flow, with the SEO keyphrase Svenska Spel Q1 2025 being central.
Net gaming revenue for Svenska Spel Q1 2025 decreased to SEK 1,876 million from SEK 1,956 million, a drop of 4%. The decrease was mainly due to fewer land-based casinos being open compared to last year. Only one casino operated during the quarter.
Svenska Spel’s online business continued to grow, increasing by 7 percent compared to the same quarter last year. Online sales now account for 62 percent of the group’s total revenues, up from 56 percent a year earlier. Svenska Spel Q1 2025 shows a clear shift towards digital channels.
Operating profit rose to SEK 609 million compared to SEK 310 million in the same period last year, marking a 96% increase. The improvement is largely explained by the absence of one-time costs that weighed heavily on last year’s results. These one-time costs amounted to around SEK 375 million and related to the closure of casinos.
The operating margin improved to 32 percent from 16 percent according to the Svenska Spel Q1 2025 report. Adjusted for last year’s one-time costs, the previous year’s operating margin was 35 percent, showing a slight decline this year. The decrease was due to lower net gaming revenues and higher gaming taxes.
Cash flow from operating activities rose sharply to SEK 1,743 million compared to SEK 626 million the previous year. Total cash flow for the period amounted to SEK 1,741 million. The Eurojackpot prize of SEK 1.25 billion, awarded to a Swedish player, positively impacted liquid assets.
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