Kambi first quarter proves challenging

Player-friendly results put a dent in an otherwise pleasing first quarter performance for Kambi Group.

Key performance highlights for the 12-week period ending 31 March 2017 include:

– Revenue of Euro 14.2 million (Q1/2016: Euro 13.3 million), up 7 percent.

– Operating profit (EBIT) was Euro 1.4 million (Q1/2016: 2.0 million), with a margin of 10 Percent (Q1/2016: 15 Percent)

– Profit after tax was Euro 1.1 million (Q1/2016: Euro 1.8 million).

– Earnings per share were Euro 0.036 (Q1/2016: Euro 0.059)

– Cash flow from operating and investing activities (excluding working capital) amounted to Euro 0.8 million (Q1/2016: 1.4 million).

– Operator turnover growth of 27 Percent.

“I’m very pleased to see continued success from our operators, as demonstrated by their ongoing rapid growth trend,” Kristian Nylén, CEO of Kambi, said.

“The latter part of the quarter resulted in an unusually high number of player-friendly outcomes in the major football leagues, which impacted the trading margin. It is in the nature of the business for the trading margin to fluctuate between quarters depending on the result of sporting events.

“The underlying strong performance and momentum within the company is unaffected by these events. This makes me confident in our strategy and business model which creates value for our operators.”

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