Kambi praises operators after revenue jump in second quarter

Kambi Group has cited the ongoing success of its operators as one of the main reasons behind a year-on-year jump in revenue during the second quarter of 2015.

Revenue in the three-month period amounted to €10.7 million ($11.6 million), which represents an increase of 13% on the €9.5 million achieved during the corresponding period last year.

Operating profit remained level at €800,000 with a margin of 7%, up from 9% in Q2 of 2014.

Profit after tax increased slightly from €400,000 to €500,000, while earnings per share grew from €0.015 to €0.018.

Kambi’s second-quarter performance means revenue for the first half of 2015 stands at €20.7 million, up 20% on the €17.2 million posted at the same point last year.

Operating profit increased from €700,000 to €1.6 million, with a margin of 8%, while profit after tax came in at €1.1 million compared to a flat-line zero last year.

Earnings per share were also up in the first half from €0.002 to €0.038.

Kristian Nylén, chief executive of Kambi, said: “Operator turnover increased by 36% compared to the same quarter last year, despite there being no major football tournament this year.

“This underlines the continued growth of the operators we work with, and I am delighted by their success.

“As mentioned in previous reports, we have been working to extend our customer base to South America.

“This led in Q2 to the signing of an initial contract with the Mexican media company Grupo Televisa.

“It is the first customer Kambi has signed in this region and we are very pleased to be working with a major player, which has the potential to become a future market leader in Mexico.”

source : www.igamingbusiness.com

Share This Article:

More Similar Articles


Please enter your comment!
Please enter your name here