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Kambi Earnings Results

Wednesday April 27,2016 : KAMBI PRESENTS ANOTHER SET OF STERLING RESULTS

Well positioned for future growth, says CEO

B2B sports betting software and platform provider Kambi Group plc delivered robust first quarter 2016 results saying the company continues to build on momentum achieved last year.

Key performance indicators for the three months ending March 31, 2016.

-    Revenue of Euro 13.3 million, (Q1/2015: Euro 10.0 million), an increase of 33 percent.

-    Operating profit (EBIT) was Euro 2.0 million (Q1/2015: Euro 0.8 million), with a margin of 15 percent (Q1/2015: 8 percent)

-    Profit after Tax amounted to Euro 1.8 million (Q1/2015: Euro 0.6 million).

-    Earnings per share were Euro 0.059 (Q1/2015: Euro 0.020)

-    Cash flow from operating and investing activities (excluding working capital) amounted to Euro 1.4 million (Q1/2015: 1.0 million)

“I am very happy that Kambi is building on its momentum with another quarter of excellent results,” said Kristian Nylén, chief executive officer of Kambi.

“Kambi is well positioned to build on the success of our operators in a year with a strong sporting calendar.”

In terms of performance going into the second quarter, Kambi said it had started “at a strong pace with an increase in operator turnover of 50% compared to the same period last year”.

“We are very pleased with the traction and market share gains we continue to see from our operators as we service them with a highly competitive and cost-efficient Sportsbook,” Nylén said.

Kambi is in the process of rolling out its new HTML5 client saying it is empowering partners to create a unique player experience, which will drive performance and market share.



Gambling News :

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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