Kambi Group plc: Trading update for the period 1 October - 31 December 2017

in Finance

Kambi Group plc

Published: 16:14 CET 09-01-2018 /GlobeNewswire /Source: Kambi Group plc / : KAMBI /ISIN: MT0000780107

Kambi Group plc: Trading update for the period 1 October - 31 December 2017
 

Malta, 9 January 2018 

During Q4, Kambi benefitted from an unusually high number of favourable sporting results, which generated a trading margin of 9.7%. This is significantly higher than the expected average long-term trading margin of 6.5 - 7.0%, which consequently placed some pressure on operator turnover growth.

 As a result of these factors, Kambi's revenue for the fourth quarter is expected to be in the range of €18.8 - €19.2 million. 

The trading margin can fluctuate from quarter to quarter and therefore we do not see any reason to adjust our projections of the average long-term trading margin. 

The full fourth quarter result for 2017 will be published on Wednesday, 14 February 2018 at 07:45 CET, followed by an audiocast at 10:45 CET.

 Disclaimer:

The information in this press release is such that Kambi Group plc is required to disclose under the EU Directive of Market Abuse Regulation.

 Contact Kambi:

 CEO

Kristian Nylén 

CFO

David Kenyon

 +44 20 3617 7270

 www.kambi.com 

About Kambi 

Kambi is a provider of premium sports betting services to licensed B2C gaming operators.  Kambi Group plc is listed on First North at Nasdaq Stockholm. Our services encompass a broad offering from frontend user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi's 15 customers include Kindred Group, 888, Paf, Televisa, LeoVegas, Mr Green, Sun International and Napoleon Games. Kambi employs more than 600 staff across offices in Malta (headquarters), Bucharest, London, Manila, Stockholm and Sydney. 

Kambi utilises a best of breed security approach, with guiding principles from ISO 27001. Kambi 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.

Kambi Group plc: Trading update for the period 1 October - 31 December 2017