Gambling operator Betsson AB announced today that it has appointed Pia Rosin as Vice President of Corporate Communication. Ms. Rosin will assume her new post as of June 20, 2016. Her appointment comes as part of the gaming company’s strategy to strengthen its management team.
Prior to joining Betsson, Ms. Rosin was Communication Manager and then Investor Relations Manager at Swedish aerospace and defense company Saab Group. She had also taken similar roles at Rosinius and Entraction. With solid experience in the field of corporate communications, Ms. Rosin will be in charge of the gambling operator’s financial communication and investor relations.
Commenting on the latest addition to Betsson’s management team, CEO and President Ulrik Bengtsson said that it will be Ms. Rosin’s responsibility to create “a shareholder-focused investor relations function.” Mr. Bengtsson further noted that their new Corporate Communication Vice President is bringing quite a lot of knowledge to their company from her time at the above-mentioned businesses. The executive expressed his confidence in Ms. Rosin’s capabilities and that she will become an extremely important part of their investor relations community.
Earlier in May, Betsson announced that it was to enter the Latvian online gaming market through its subsidiary Triobet after receiving the necessary license by the relevant authorities. The license secured the Swedish gambling company with the chance to provide its services to local players and to exit the country’s gambling blacklist.
Commenting on the operator entering the Latvian gaming market, Mr. Bengtsson said earlier this month that when outdated laws and old monopolies are “dismantled,” excellent conditions for a long-term growth are coming to existence. The executive further noted that it is their main goal to secure sustainable revenue growth by taking part in licensing procedures and acquiring fellow gambling companies in regulated markets.
Betsson reported revenue of SEK1 billion for the first quarter of the year, up 18% from the same period of 2015. Operating income amounted to SEK250.1 million, up from SEK238 million posted for the same three months of the previous year. Operating margin stood at 25%. Income before tax increased from SEK236.4 million to SEK248.9 million.
