Kambi Group hails Euro 2016 as finances rise in Q2

Kambi Group has cited the impact of the Uefa Euro 2016 as one of the main reasons behind a year-on-year increase in revenue during the second quarter.

Revenue in the three months to June 30 totalled €13.7 million ($15.1 million), up 28% on the €10.7 million posted in the corresponding period last year.

Operating profit increased from €800,000 to €2 million, with a margin of 14%, double that of in Q2 of 2015.

Profit after tax was also up from €500,000 to €1.8 million.

Kristian Nylén, chief executive of Kambi, said: “Euro 2016 was a great success for Kambi both financially and operationally; our operators saw a remarkable increase in turnover.

“We delivered exciting new features as part of our fantastic offering with excellent technical performance.

“We experienced some volatility in the results of the key sporting events during the quarter, which impacted the operator margins.

“Match results in the main football leagues in the first part of the quarter were unfavourable, whilst Euro 2016 delivered much higher margins.

“We have also seen successful implementation of our HTML5 client, which will enable substantial possibilities for differentiation between our operators' front-end user interfaces.

“This will empower them to align their offering with their brand and be innovative with their sportsbook.”

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