Interactive
Sweden – Kambi reports strongest ever quarter
By Phil - 9 November 2015
Kambi Group has experienced its strongest financial quarter ever in the recent third quarter, where it experienced a 35 per cent increase in revenue to €12.8mand a 25 per cent increase to €33.5m for the period January to September 2015.
Profit after Tax amounted to €2.1m for the third quarter of 2015, and €3.3m for the period January to September 2015.
Operator turnover for the online sports book supplier was very strong and increased by 47 per cent from Q3 2014.
Kristian Nylén, CEO of Kambi, said: “Kambi’s revenue reached the highest level during a quarter so far, showing exceptional results with strong underlying growth for our customers in a third quarter which had no major sporting tournaments. We have continued to invest in our innovative and competitive offering. This has driven the growth of our customers and supported the strong financial results.”
He added: “We remain focussed on signing new customers and are in a number of advanced discussions. We are well positioned and prepared to face a time of very exciting opportunities as the market continues to consolidate and become more competitive. The requirement for an outsourced premium Sportsbook becomes greater as operators need to save cost whilst also delivering a service in which user experience is paramount.”
In October 2015, Kambi was inducted into the new Nasdaq index First North 25 which includes the 25 largest and most traded Nordic companies listed on First North. The aim of the First North 25 index is to improve visibility for the largest and most traded Nordic companies listed on First North.
Kambi Group is a B2B supplier of fully managed sports betting services on an in-house developed software platform, providing premium turnkey sports betting services to B2C operators. Kambi’s service encompass a broad offering from front end through to odds compiling and risk management. The company’s current coverage includes more than 120,000 live betting events and 250,000 pre-match events per year covering 65 different sports from all over the world. It recently announced it was expanding into Romania.
