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Kambi Group Q3-2015 Reports
Wednesday November 4,2015 : KAMBI GROUP SOARS
Strongest financial quarter in Kambi’s history.
Kambi Group plc delivered a robust quarterly financial Wednesday reporting an increase of 35 percent in Revenues for the third quarter.
Other key financial highlights for the period include:
- Revenue amounting to Euro 12.8 million (Q3/2014: Euro 9.5 million), up 35 percent during its third quarter.
- Revenue over the nine month period from January 2015 rose 25 percent to Euro 33.5 million (9M/2014: Euro 26.7 million.
- Operating profit (EBIT) for the third quarter of 2015 was Euro 2.5 million (Q3/2014: Euro 0.9 million, with a margin of 19 percent (Q3/2014: 10 percent), and Euro 4.1 million for the nine month period to September (9M/2014: Euro 1.6 million), with a margin of 12 percent (9M/2014: 6 percent).
- Quarterly profit after tax amounted to Euro 2.1 million (Q3/2014: Euro 0.7 million) and over the nine month period Euro 3.3 million (9M/2014: Euro 0.7 million).
- Earnings per share for the third quarter of 2015 were Euro 0.071 (Q3/2014: Euro 0.023) and Euro 0.109 (9M/2014: Euro 0.030) for the nine month period to September 2015
- Cash flow from operating and investing activities (excluding working capital) amounted to Euro 2.2 (Q3/2014: Euro 1.2 million) for the third quarter of 2015 and Euro 3.4 million (9M/2014: Euro 2.2 million) for the nine month period to September 2015.
Kristian Nylén, chief executive officer of Kambi, commenting on the results 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.
“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.”
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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