Kambi continues momentum with first-quarter success

Kambi Group has revealed that it was able to follow up on an impressive period of growth in 2015 by achieving further financial success during the three months to March 31, 2016.

Revenue in the opening quarter of the year totalled €13.3 million ($15 million), which represents an increase of 33% on the €10 million achieved in the first quarter of 2015.

Operating profit jumped from €800,000 to €2 million, with an enhanced margin of 15%, while profit after tax grew from €600,000 to €1.8 million.

In addition, earnings per share increased from €0.020 to €0.059, while cash flow excluding working capital expanded from €1 million to €1.4 million in the first quarter.

Kristian Nylén, chief executive of Kambi, said: “2016 has started at a strong pace with an increase in operator turnover of 50% compared to the same period last year.

“We are very pleased with the traction and market share gains we continue to see from our operators as we service them with a highly competitive and cost-efficient sportsbook.

“Kambi is well positioned to build on the success of our operators in a year with a strong sporting calendar.”

source : www.igamingbusiness.com

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