Malta, 27 July 2016
Q2 Report 2016 (unaudited)
- Revenue amounted to €13.7 (10.7) million for the second quarter of 2016, an increase of 28%
- Operating profit (EBIT) for the second quarter of 2016 was €2.0 (0.8) million,
with a margin of 14% (7%)
- Profit after Tax amounted to €1.8 (0.5) million for the second quarter of 2016
- Earnings per share for the second quarter of 2016 were €0.060 (0.018)
- Cash flow from operating and investing activities (excluding working capital) amounted to €0.1 (0.2) million for the second quarter of 2016
- Exceptional operator turnover growth of 46% year-on-year
- Successful launch of all 3 new operators - LeoVegas, Rank Group and Mr Green - ahead of Euro 2016
- New customer signing: Spanish gaming group R. Franco
"Euro 2016 was a great success for Kambi both financially and operationally. Our operators saw a remarkable increase in turnover. We delivered exciting new features as part of our fantastic offering with excellent technical performance.
During the quarter we worked together with our three new operators to launch their Sportsbooks in time for Euro 2016 and we look forward to being an instrumental part of their future success.
We experienced some volatility in the results of the key sporting events during the quarter, which impacted the operator margins. Match results in the main football leagues in the first part of the quarter were unfavourable, whilst Euro 2016 delivered much higher margins.
We have also seen successful implementation of our HTML5 client, which will enable substantial possibilities for differentiation between our operators' front-end user interfaces. This will empower them to align their offering with their brand and be innovative with their Sportsbook.
In July we signed a contract with Spanish gaming group R. Franco. We are delighted to be its new Sportsbook supplier for both online and retail betting.
Investment in people and technology will continue as we work on building our service and network of operators to drive growth. We are very well positioned as the premier supplier of managed sports betting services." says Kristian Nylén, CEO of Kambi.
You are invited to participate in a report presentation at 10:45 CET with the CEO Kristian Nylén and CFO David Kenyon. The presentation will be held in English via a telephone conference and can also be accessed via an audiocast using the link below. Questions can be asked on the telephone conference or sent via the audiocast link.
SE: +46 8 5664 26 64 UK: +44 20 3008 9811 ES: +34 9 1414 07 82 US: +1 8 558 315 944
Link to the audiocast: https://wonderland.videosync.fi/2016-07-27-kambigroup-q2report
Kambi Group plc is a B2B supplier of managed sports betting services on a proprietary software platform, providing premium turnkey sports betting services to gaming operators. Kambi's product encompasses a broad offering from front end through to odds compiling and risk management. The company's current coverage includes more than 165,000 live betting events and 300,000 pre-match events per year covering 65 different sports from all over the world. Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi is eCOGRA certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol "KAMBI". Kambi's Certified Advisor is Redeye AB.
Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi is eCOGRA certified. Kambi Group plc is listed on First North at Nasdaq Stockholm under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.
Disclaimer: The information in this report/press release is such that Kambi Group plc is required to disclose under the Swedish Securities Market Act.