Kambi Success Story Continues
By Casinomeister, Last updated Jul 29, 2016
Impressive growth in revenue and operating profits
Aided by new client wins, sports betting provider Kambi Group's second quarter 2016 results highlight the continued success of the business following a successful Euro 2016.
The Swedish firm reported key performance highlights for the three month period ending June 30 that include:
– Revenue of Euro 13.7 million (Q2/2015: Euro 10.7 million), up 28 percent.
– Operating profit (EBIT) amounting to Euro 2 million (Q2/2015: Euro 800,000).
– Profit after tax was Euro 1.8 million (Q2/2015: Euro 500,000).
– Operating margin of 14 percent (Q2/2015: 7 percent).
"Investment in people and technology will continue as we work on building our service and network of operators to drive growth," Kristian Nylén, chief executive officer of Kambi said. "We are very well positioned as the premier supplier of managed sports betting services."
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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