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Kambi Group plc Q3 Report 2014

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Kambi Group plc - Q3 Report 2014 (unaudited)

Summary

  • Revenue amounted to EUR 9.5 (5.6) million for the third quarter of 2014, an increase of 68% and EUR 26.7 (15.0) million for the period January to September 2014, an increase of 78%

  • Operating profit (EBIT) for the third quarter of 2014 was EUR 0.9 (-3.2) million, with a margin of 10% (-56%), and EUR 1.6 (-10.5) million for the period January to September 2014, with a margin of 6% (-70%)

  • Profit after Tax amounted to EUR 0.7 (-3.0) million for the third quarter of 2014 and EUR 0.7 (-10.1) million for the period January to September 2014

  • Earnings per share for the third quarter of 2014 were EUR 0.023 (-0.152)  and EUR 0.030 (-0.507) for the period January to September 2014

  • Cash flow from operating and investing activities (excluding working capital) amounted to EUR 1.2 (-1.0) million for the third quarter of 2014 and EUR 2.2 (-5.4) million for the period January to September 2014

“Profitability and solid growth continues in Q3”

“The quarter has seen continued solid revenues with an increase of 68% compared to the same period last year, increased profitability and strong cash flow. We are very pleased with our customers’ performance. This reflects the advantage our outstanding product gives them. By using Kambi’s service, our operators are able to offer the player a unique user experience with high entertainment value. Our drive is to remain the best Sportsbook provider for our customers”, says Kristian Nylén, CEO of Kambi.

Significant events during Q3

  • The football World Cup’s 10 final matches played in July
  • 888sport launched its Sportsbook in Spain in mid-August
  • Luckia extended its contract with Kambi
  • Kambi accepted as an Associate Member of the World Lottery Association
  • Mazars appointed as group auditor

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 850556481 UK: +44 2031940554 US: + 18552692607

Link to the audiocast:

http://media.fronto.com/cloud/kambi/141029/

About Kambi

Kambi Group plc is a B2B supplier of fully managed sports betting services on an in-house developed software platform, providing premium turnkey sports betting solutions to B2C operators. Kambi’s solution encompasses a broad offering from front end through to odds compiling and risk management. Kambi employs approximately 360 staff across offices in Malta, 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 utilizes a best of breed security approach, with guiding principles from ISO 27001. Kambi Sports Solutions is an eCOGRA certified. Kambi Group plc is listed on NASDAQ OMX First North Stockholm under the symbol "KAMBI". Kambi's Certified Advisor on First North at Nasdaq Stockholm is SEB Corporate Finance.

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