Kambi Group shines in first quarter report
News on 26 Apr 2018
News on 26 Apr 2018
Sportsbetting provider Kambi Group plc reported a robust performance in its first quarter 2018 financial report.
Key performance indicators for the 12 week period ending March 31, 2018 include:
Revenue amounting to Euro 16.4 million (Q1/2017: Euro 14.2 million), 15 percent.
42 percent increase in operating profit (EBIT) amounting to Euro 2.0 million (Q1/2017: Euro 1.4 million) with a margin of 12 percent (Q1/2017: 10 percent)
Profit after Tax amounted to Euro 1.5 million (Q1/2017: Euro 1.1 million).
Earnings per share were Euro 0.051 (Q1/2017: Euro 0.036)
Cash flow from operating and investing activities (excluding working capital) amounted to Euro 0.6 million (Q1/2017: Euro 0.8 million)
“Kambi kicked off the year in positive fashion with Q1 2018 delivering double-digit revenue growth, a strategic investment in a virtual sports company and the signing of a new customer,” Kambi CEO Kristian Nylén, said. “In addition, since the end of the quarter, we added another operator to the Kambi network, stretching our run of new customer wins to an impressive 10 consecutive quarters.”
“With a World Cup around the corner and preparations for the potential opening of a US market progressing well, the levels of excitement and optimism at Kambi continue to grow.”
