World Cup Benefits Kambi Group

By Brian Cullingworth, Last updated Aug 8, 2014

Maiden report shows good performance

Listed company Kambi Group plc posted strong inaugural Q2 and first half year 2014 results following its spin-off from the Unibet Group.
Key performance highlights for the second quarter include:
– Revenue amounted to Euro 9.5 million (Q2/2013: Euro 4.8 million), up 97 percent.
– Operating profit (EBIT) was Euro 0.8 million (Q2/2013: – Euro 3.5 million), with a margin of 9 percent (-73 percent).
– Profit after Tax amounted to Euro 0.4 million (Q2/2013: Euro -3.4 million).
– Earnings per share for the second quarter of 2014 were Euro 0.015 (Q2/2013: Euro -0.169).
Key performance highlights for the First Half Year 2014 include:
– Revenue amounted to Euro 17.2 million (HY1/2013: Euro 9.4 million), up 84 percent
– Operating profit (EBIT) of Euro 0.7 million (HY1/2013: Euro -7.4 million) with a margin of 4 percent (HY1/2013: -79 percent)
– Profit after Tax amounted to Euro 0.0 (HY1/2013: Euro -7.1 million)
– Earnings per share Euro 0.002 (HY1/2013: Euro -0.354)
– Cash flow from operating and investing activities (excluding working capital) amounted to Euro 1.0 million (HY1/2013: Euro -4.4 million)
"The World Cup had a significant effect on the result and we saw new records in operator turnover and transactions. I am especially pleased with our fantastic offering and system stability during the World Cup, which gave our customers an excellent opportunity to gain market share," said chief executive officer Kristian Nylén.
During the quarter Kambi signed 32Red, NagaWorld and IveriaBet which launched prior to the commencement of the World Cup. 888 is set to launch its Kambi Sportsbook in Spain soon.

Online Casino News Courtesy of Infopowa

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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