Kambi Group reveals strongest-ever financial quarter

Kambi Group has revealed that it was able to achieve its strongest-ever financial quarterly performance during the three months through to September 30.

Revenue in the third quarter amounted to €12.8 million ($13.9 million), up 35% on the €9.5 million posted in the corresponding period last year.

Operating profit in Q3 was up from €900,000 to €2.5 million with a margin of 19%.

Profit after tax came in at €2.1 million, up from €700,000 in Q3 of last year, while earnings per share increased from €0.023 to €0.071.

The third-quarter performance has also had a positive impact on Kambi’s year-to-date results, with revenue for the nine months to the end of September amounting to €33.5 million, up 25% on the €26.7 million posted at the same point last year,

Operating profit is up from €1.6 million to €4.1 million, with a margin of 12%, while profit after tax has increased from €700,000 to €3.3 million.

In addition, earnings per share have jumped from €0.030 last year to €0.109 in the first nine months of 2015.

Kristian Nylén, chief executive of Kambi, said: “Kambi’s revenue reached the highest level during a quarter so far, showing exceptional results with strong underlying growth for our customers in a third quarter which had no major sporting tournaments.

“We have continued to invest in our innovative and competitive offering.

“This has driven the growth of our customers and supported the strong financial results.

“We remain focussed on signing new customers and are in a number of advanced discussions.

“We are well positioned and prepared to face a time of very exciting opportunities as the market continues to consolidate and become more competitive.

“The requirement for an outsourced premium sportsbook becomes greater as operators need to save cost whilst also delivering a service in which user experience is paramount.”

source : www.igamingbusiness.com

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