Kambi posts H1 2015 profits aided by client portfolio growth

Reporting on its Q2 2015 performance, Stockholm Nasdaq listed sports betting technology provider Kambi Group has recorded corporate revenue growth of €10.7 million, representing a 13% increase on Q2 2014 €9.5 million.

Kambi management would report that its operations had maintained a 7% margin during the period, which contributed to €800,000 in operating profit. The technology provider would record a 25% increase in its operational profits of €500,000 (Q2 2014: €400,000).

Year to date, Kambi has recorded increased revenues of €20.7 million, up 20% on H1 2014 €17.2 million. Kambi’s management was further pleased to announce that its operations had yielded €1.1 million in profits for the opening half of 2015.

Kambi governance noted that its improved performance had been driven by performance growth across its client portfolio. Kambi clients include Unibet, PAF, 888Sport and Iveriabet.

During the period Kambi entered the South American betting market via a partnership with Mexican media operator Grupo Televisa.

Kristian Nylén, chief executive of Kambi, said: “Operator turnover increased by 36% compared to the same quarter last year, despite there being no major football tournament this year.

“This underlines the continued growth of the operators we work with, and I am delighted by their success.