Kambi reports positive progress in full year 2017 results
News on 14 Feb 2018
News on 14 Feb 2018
Online sports betting supplier Kambi Group plc reported continued upward momentum in its full year 2017 results.
Key performance indicators include:
Revenue of Euro 62.1 million (2016: Euro 56.0 million).
Operating profit (EBIT) of Euro 7.7 million (2016: Euro 8.8 million) with a margin of 12 percent (2016: 16 percent).
Profit after Tax amounted to Euro 5.9 million (2016: Euro 7.5 million).
Earnings per share for full year 2017 amounted to Euro 0.198 (2016: Euro 0.253).
Cash flow from operating and investing activities (excluding working capital) amounted to Euro 4.7 million (2016: Euro 4.1 million)
“I’m delighted to report Kambi ended 2017 on a high, with the fourth quarter delivering record revenues, a new customer signing and three customer contract extensions. We are entering 2018 with strong momentum.
“Our 12-month operator trading margin was 7.4 percent, a figure more in line with our previously communicated expected range of 6.5-7 percent,” CEO Kristian Nylén said.
“A consequence of a higher operator trading margin is lower operator turnover growth – when results favour operators, as they frequently did in Q4, players have less money in their betting accounts to play with. Despite this suppressing factor, Kambi operator turnover grew year-on-year.”
