Kambi set to benefit from favourable sports results in Q4
Kambi Group has said it could post better-than-expected financial figures for the fourth quarter of 2017 due to a “high number” of favourable sports results.
In a trading update, the company recorded a trading margin of 9.7% for the three months to December 31, 2017, which is higher than the expected average long-term trading margin of between 6.5 and 7.0%.
Kambi noted that this consequently places some pressure on operator turnover growth, with the heightened margin meaning revenue for the quarter is expected to come in at between €18.8m ($22.4m) and €19.2m.
However, the firm also said that as trading margin can fluctuate from quarter-to-quarter, it does not see any reason to adjust its projections of the average long-term trading margin.
Kambi intends to publish its full fourth-quarter results on February 14.
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