Kambi shines in full year results

B2B supplier of managed sports betting, Kambi Group, reported strong full year 2016 results, saying its operators had outperformed the market and increase their turnover by 36 percent.

The group reported a 17 percent rise in revenue to Euro 56 million, EBITDA and operating profit of Euro 15.6 million (2015: Euro 13.6 million) and Euro 8.8 million (2015: Euro 7.4 million) respectively and profit after tax of Euro 7.5 million (2015: 6.2 million).

A general shift towards operators outsourcing their sportsbook created a higher demand for Kambi’s offer, Kristian Nylén, chief executive officer for Kambi, revealed. This led to Kambi signing up five new operators in 2016, LeoVegas, Mr Green, Televisa, Rank and R.Franco (see previous reports).

“These are exciting times to be at Kambi and already we are looking ahead to further development and growth in 2017,” Nylén said.

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