Kambi Group announced strong results for third quarter

Kambi Group, one of the world’s leading sports betting providers, has registered a 39 per cent year-on-year revenue increase for the third quarter of the year. It has reported a 31 per cent operator turnover growth as well.

Key performance highlights are the following:

• Revenue of Euro 20.5 million, and Euro 54.5 million.
• Operating profit (EBIT) was Euro 4.2 million (Q3/2017: Euro 1.1 million), with a margin of 20.3 per cent (Q3/2017: 7.2 per cent), and Euro 8.5 million (9M/2017: Euro 2.7 million), with a margin of 15.7 per cent (9M/2017: 6.3 per cent).
• 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,” commented Kristian Nylén, chief executive officer of Kambi Group.