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Kambi Group plc Q4 Report 2015

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Malta 10 February 2016

Q4 Report 2015 (unaudited)

Summary

  • Revenue amounted to €14.2 (9.3) million for the fourth quarter of 2015, an increase of 53%, and €47.7 (36.0) million for the full year 2015, an increase of 32%
  • Operating profit (EBIT) for the fourth quarter of 2015 was €3.3 (0.6) million,
    with a margin of 23% (6%), and €7.4 (2.2) million for the full year 2015, with a margin of 16% (6%)
  • Profit after Tax amounted to €2.9 (0.2) million for the fourth quarter of 2015, and €6.2 (1.0) million for the full year 2015
  • Earnings per share for the fourth quarter of 2015 were €0.099 (0.008) and €0.208 (0.037) for the full year 2015
  • Cash flow from operating and investing activities (excluding working capital) amounted to €2.8 (0.7) million for the fourth quarter of 2015 and €6.2 (2.9) million for the full year 2015

Record quarterly revenue and operating margin

  • Very strong operator turnover driving Kambi’s result
  • Kambi’s highest quarterly revenue and operating margin to date
  • New contracts signed with gaming operators LeoVegas and Rank
  • Roll-out of new user interface commences

“Kambi’s organic growth accelerated in the fourth quarter and led to the strongest quarter to date. This is continued proof of the quality of Kambi’s services, the success of our operators and the entertainment value the Kambi Sportsbook can offer their players.

In January, Kambi signed new contracts with two gaming operators, LeoVegas and Rank. We are very excited to add two renowned brands to our customer list and we see great potential for them and Kambi. Both operators are expected to go live before the start of the European Championships in June and we look forward to contributing to their success.

During the period leading up to this report, we started the roll-out of our new HTML5 client, giving the operators increased flexibility and innovation in the user interface. We are aiming to transition all our operators before Euro 2016 and we expect to add some new exciting features before the tournament.” says Kristian Nylén, CEO of Kambi.

You are invited to participate in a report presentation at 10:45 CET with the 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, registration needed (please note that the audiocast registration template is not supported by the Safari web browser).

Questions can be asked on the telephone conference or sent via the audiocast link. Numbers for participation in the telephone conference:

SE: +46 8 5664 26 64    UK: +44 20 300 898 07   US: +1 8 558 315 945    ESP: +34 911 143 632

Link to the audiocast: http://media.fronto.com/cloud/kambi/160210/

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 service encompasses a broad offering from front end through to odds compiling and risk management. Kambi employs 441 staff across offices in Malta (head office), Bucharest, London, Stockholm and Manila. The company’s current coverage includes more than 165,000 live betting events and 300,000 pre-match events per year, covering 65 different sports from all over the world. Kambi’s customers include Unibet, 888, Paf, 32Red, Luckia 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 First North at Nasdaq Stockholm under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.

Disclaimer: The information in this report/press release is such that Kambi Group plc is required to disclose under the Swedish Securities Market Act. 

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