World Cup Benefits Kambi Group

WORLD CUP BENEFITS KAMBI GROUP

06th August, 2014 at 08:04:03
Source: http://www.azonlinecasinos.com

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% (-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% - Operating profit (EBIT) of Euro 0.7 million (HY1/2013: Euro -7.4 million) with a margin of 4% (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 Nyle Ѓ n.

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.

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