Kambi stronger than its ever been

Sportsbetting provider Kambi Group reported stellar third quarter results on Monday.

The company announced a record financial performance reporting a 39 percent year-on-year revenue growth and 31 percent operator turnover growth.

Key performance highlights include:

Revenue of Euro 20.5 million (Q3/2017: Euro 14.8 million), and Euro 54.5 million (9M/2017: Euro 43.1 million).

Operating profit (EBIT) was Euro 4.2 million (Q3/2017: Euro 1.1 million), with a margin of 20.3 percent (Q3/2017: 7.2 percent), and Euro 8.5 million (9M/2017: Euro 2.7 million), with a margin of 15.7 percent (9M/2017: 6.3 percent).

Profit after Tax was Euro 3.3 million (Q3/2017: Euro 0.8 million), and Euro 6.5 million (9M/2017: Euro 2.0 million).

Earnings per share were Euro 0.109 (Q3/2017: Euro 0.026), and Euro 0.216 (9M/2017: Euro 0.066).

“With our existing business as strong as it ever has been, and Kambi establishing itself as the pre- eminent sports betting supplier in the developing US market, these are certainly exciting times for all involved with the business,” Kristian Nylén, chief executive officer of Kambi Group, concluded.

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