Kambi targets further growth after positive start to 2018

Kambi Group has set its sights on extended growth this year after reporting a rise in revenue and operating profit during the first quarter.

Revenue came in at €16.4m ($20m) in the opening three months of the year, up from €14.2m in the same period in 2017.

Operating profit climbed from €1.4m to €2m, with a margin of 12%, while profit after tax was also up from €1.1m to €1.5m.

Earnings per share increased from €0.036 in Q1 of 2017 to €0.051 in the same period this year.

Kristian Nylén, chief executive of Kambi, said: “Kambi kicked off the year in positive fashion with Q1 2018 delivering double-digit revenue growth, a strategic investment in a virtual sports company and the signing of a new customer.

“In addition, since the end of the quarter, we added another operator to the Kambi network, stretching our run of new customer wins to an impressive 10 consecutive quarters.

“With a World Cup around the corner and preparations for the potential opening of a US market progressing well, the levels of excitement and optimism at Kambi continue to grow.”

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