Kambi Group plc Q1 Report 2015
Q1 Report 2015 (unaudited)
Summary
Revenue amounted to €10.0 (7.7) million for the first quarter of 2015, an increase of 29%
Operating profit (EBIT) for the first quarter of 2015 was €0.8 (-0.1) million, with a margin of 8% (-1%)
Profit after Tax amounted to €0.6 (-0.3) million for the first quarter of 2015
Earnings per share for the first quarter of 2015 were €0.020 (-0.017)
Cash flow from operating and investing activities (excluding working capital) amounted to €1.0 (0.0) million for the first quarter of 2015
Significant events during Q1
Major increase in operator turnover, up 47% from Q1 2014
Upgrade of the service for the Italian market
Long-term extension of Paf’s contract
“The first quarter showed a significant increase in our operators’ turnover, up 47% compared to the same period last year. This demonstrates very strong growth, which clearly shows the strength of our service. For Kambi, this resulted in a 29% increase in revenue, partly explained by lower than average margins. We are positive about regulatory changes in the Italian market and the opportunities they give us, as we prepare the launch of a premium offering compliant with the new regulation. We continue to strengthen our sales team and are in a number of ongoing discussions with potential customers.”, says Kristian Nylén, CEO of Kambi.
You are invited to participate in a report presentation at 10:45 CET held by 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.
Numbers for participation in the telephone conference:
SE: +46 8 566 426 98 UK: +44 20 3428 1419 US: +1 855 831 59 44
Link to the audiocast:
http://media.fronto.com/cloud/kambi/150429/
About Kambi
Kambi Group plc is a B2B provider of premium sports betting services to licensed B2C gaming operators. Kambi’s service encompasses a broad offering from front end through to odds compiling and risk management. Kambi employs approximately 380 staff across offices in Malta (headquarters), London, Stockholm and Manila. The company’s current coverage includes more than 110,000 live betting events and 250,000 pre-match events per year, covering 65 different sports from all over the world. Kambi’s customers include Unibet, 888, Paf, 32Red and Napoleon Games. Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi Sports Solutions is eCOGRA certified. Kambi Group plc is listed on NASDAQ OMX First North Stockholm under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.
Disclaimer: The information in this report/press release is such that Kami Group Plc is required to disclose under the Swedish Securities Market Act.