Kambi claims record quarter as full-year revenue rockets

Kambi Group has revealed that a record financial performance during the fourth quarter helped the firm achieve a significant year-on-year increase in revenue during the 12 months to December 31, 2015.

The white label sports book provider said that full-year revenue amounted to €47.7 million ($53.9 million), which represents an increase of 32% on the €36 million posted in the previous year.

Operating profit for the 12-month period was also up from €2.2 million to €7.4 million, with a margin of 16%, while profit after tax hiked from $1 million to €6.2 million.

In addition, earnings per share increased from €0.037 to €0.208, with cash flow increasing from €2.9 million to €6.2 million.

Kambi’s overall performance in 2015 was boosted by an impressive showing in the final three months of the year, during which the company was able to post a record set of quarterly figures.

Revenue in the fourth quarter jumped 53% year-on-year to €14.2 million, while operating profit was also up from €600,000 to €3.3 million.

Other key figures from the fourth quarter included an increase in profit after tax to €2.9 million, with cash flow also up to €2.8 million.

Kristian Nylén, chief executive of Kambi, said: “Kambi’s organic growth accelerated in the fourth quarter and led to the strongest quarter to date.

“This is continued proof of the quality of Kambi’s services, the success of our operators and the entertainment value the Kambi sportsbook can offer their players.

“During the period leading up to this report, we started the roll-out of our new HTML5 client, giving the operators increased flexibility and innovation in the user interface.

“We are aiming to transition all our operators before Euro 2016 [national football team tournament] and we expect to add some new exciting features before the tournament.”

source : www.igamingbusiness.com

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