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Kambi Group Q2 2014
Wednesday August 6,2014 : WORLD CUP BENEFITS KAMBI GROUP
Maiden report shows good performance
Listed company Kambi Group plc posted strong inaugural Q2 and first half year 2014 results following its spin-off from the Unibet Group.
Key performance highlights for the second quarter include:
- Revenue amounted to Euro 9.5 million (Q2/2013: Euro 4.8 million), up 97 percent.
- Operating profit (EBIT) was Euro 0.8 million (Q2/2013: - Euro 3.5 million), with a margin of 9 percent (-73 percent).
- Profit after Tax amounted to Euro 0.4 million (Q2/2013: Euro -3.4 million).
- Earnings per share for the second quarter of 2014 were Euro 0.015 (Q2/2013: Euro -0.169).
Key performance highlights for the First Half Year 2014 include:
- Revenue amounted to Euro 17.2 million (HY1/2013: Euro 9.4 million), up 84 percent
- Operating profit (EBIT) of Euro 0.7 million (HY1/2013: Euro -7.4 million) with a margin of 4 percent (HY1/2013: -79 percent)
- Profit after Tax amounted to Euro 0.0 (HY1/2013: Euro -7.1 million)
- Earnings per share Euro 0.002 (HY1/2013: Euro -0.354)
- Cash flow from operating and investing activities (excluding working capital) amounted to Euro 1.0 million (HY1/2013: Euro -4.4 million)
"The World Cup had a significant effect on the result and we saw new records in operator turnover and transactions. I am especially pleased with our fantastic offering and system stability during the World Cup, which gave our customers an excellent opportunity to gain market share," said chief executive officer Kristian Nylén.
During the quarter Kambi signed 32Red, NagaWorld and IveriaBet which launched prior to the commencement of the World Cup. 888 is set to launch its Kambi Sportsbook in Spain soon.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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