Fredag 22 November | 10:37:55 Europe / Stockholm

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Tid*
2025-02-26 08:00 Bokslutskommuniké 2024
2024-11-06 - Kvartalsrapport 2024-Q3
2024-07-24 - Kvartalsrapport 2024-Q2
2024-05-22 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2024-05-21 - Årsstämma
2024-04-24 - Kvartalsrapport 2024-Q1
2024-02-21 - Bokslutskommuniké 2023
2023-11-01 - Kvartalsrapport 2023-Q3
2023-07-26 - Kvartalsrapport 2023-Q2
2023-05-12 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2023-05-11 - Årsstämma
2023-04-26 - Kvartalsrapport 2023-Q1
2023-02-22 - Bokslutskommuniké 2022
2022-10-26 - Kvartalsrapport 2022-Q3
2022-07-27 - Kvartalsrapport 2022-Q2
2022-05-19 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2022-05-17 - Årsstämma
2022-04-27 - Kvartalsrapport 2022-Q1
2022-02-11 - Bokslutskommuniké 2021
2021-10-27 - Kvartalsrapport 2021-Q3
2021-07-23 - Kvartalsrapport 2021-Q2
2021-05-12 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2021-05-11 - Årsstämma
2021-04-28 - Kvartalsrapport 2021-Q1
2021-02-10 - Bokslutskommuniké 2020
2020-11-06 - Kvartalsrapport 2020-Q3
2020-07-24 - Kvartalsrapport 2020-Q2
2020-05-14 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2020-05-13 - Årsstämma
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2020-02-12 - Bokslutskommuniké 2019
2019-10-25 - Kvartalsrapport 2019-Q3
2019-07-24 - Kvartalsrapport 2019-Q2
2019-05-17 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2019-05-16 - Årsstämma
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2019-02-13 - Bokslutskommuniké 2018
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2018-07-25 - Kvartalsrapport 2018-Q2
2018-05-31 - Årsstämma
2018-05-17 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2018-04-25 - Kvartalsrapport 2018-Q1
2018-02-14 - Bokslutskommuniké 2017
2017-10-27 - Kvartalsrapport 2017-Q3
2017-07-26 - Kvartalsrapport 2017-Q2
2017-05-18 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2017-05-17 - Årsstämma
2017-04-26 - Kvartalsrapport 2017-Q1
2017-02-14 - Bokslutskommuniké 2016
2016-11-02 - Kvartalsrapport 2016-Q3
2016-07-27 - Kvartalsrapport 2016-Q2
2016-05-19 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2016-05-18 - Årsstämma
2016-04-27 - Kvartalsrapport 2016-Q1
2016-02-10 - Bokslutskommuniké 2015
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2015-05-20 - X-dag ordinarie utdelning KAMBI 0.00 SEK
2015-05-19 - Årsstämma
2015-04-29 - Kvartalsrapport 2015-Q1
2015-02-11 - Bokslutskommuniké 2014
2014-10-29 - Kvartalsrapport 2014-Q3
2014-08-06 - Kvartalsrapport 2014-Q2

Beskrivning

LandMalta
ListaFirst North Stockholm
SektorSällanköp
IndustriBetting
Kambi Group är verksamt inom betting och kasino. Spelkoncernen levererar sportbettingstjänster till olika B2C operatörer. Produkterna omfattas av användargränssnitt inom oddssättning och riskhantering som bygger på en egenutvecklad mjukvaruplattform. Bolaget erbjuder ett brett utbud av events och matchhändelser för sporter världen över. Kambi Group grundades 2010 och har sitt huvudkontor på Malta.
2024-07-24 07:45:00

Financial Summary

  • Revenue amounted to €45.7 (Q2 2023: 42.9) million for the second quarter of 2024 and €88.9 (H1 2023: 86.9) million for the first half of 2024
  • Operating profit (EBIT) for the second quarter of 2024 was €6.2 (3.7) million, at a margin of 13.5% (8.6%) and €10.6 (8.2) million, at a margin of 11.9% (9.4%) for the first half of 2024
  • EBITA (acq)* for the second quarter of 2024 was €7.5 (5.0) million, at a margin of 16.4% (11.7%), and €13.3 (10.8) million, at a margin of 14.9% (12.4%), for the first half of 2024
  • Cash flow (excluding working capital and M&A) amounted to €8.1 (0.1) million for the second quarter of 2024 and €13.5 (3.4) million for the first half of 2024
  • Earnings per share for the second quarter of 2024 were €0.155 (0.083) and €0.260 (0.190) for the first half of 2024

*EBITA (acq) = Earnings before interest, taxation and amortisation on acquired intangible assets


Key highlights

  • Entered exclusive nationwide partnership with Choctaw Nation of Oklahoma, one of the largest tribes in the United States
  • Multiple partner launches including key completions prior to the UEFA European Championship (Euros) of LiveScore in the UK and Svenska Spel in Sweden
  • Industry veteran Werner Becher was announced as successor to Kristian Nylén as CEO
  • The Board decided to withdraw its 2027 financial targets following a review of the underlying assumptions as slower than expected progress towards regulation in certain key markets would likely delay revenue
  • Completed the fourth share buyback programme and announced a new long-term capital allocation policy with the objective of returning capital to shareholders through buybacks

CEO comment

“In the second quarter, operator turnover increased 3% year-on-year, although was up 20% when excluding the impact of the Penn online migration. This was driven by a busy sporting calendar and the growth of new and existing partners. Operator trading margin was 10.3%, boosted by higher than average margin from the June games in the Euros soccer tournament. With operating costs broadly flat, EBIT came in at €6.2 million, up 67% year-on-year.

In April, we strengthened our US and tribal network through an exclusive US-wide partnership with Choctaw Nation of Oklahoma, operator of Choctaw Casinos & Resorts. Choctaw owns a variety of gaming and hospitality destinations throughout southeastern Oklahoma, close to the Texas border, and is the exclusive casino and resort partner of the Texas Rangers, Major League Baseball’s World Series Champion. While Texas has yet to regulate sports betting, previous attempts to pass legislation would have seen licences tethered to the state’s sports franchises. We expect this will be the case again next year when we anticipate another effort to bring regulated sports betting to what is one of the largest states in the US.

Ahead of the Euros, we successfully delivered on two major partner launches, with LiveScore in the UK and Svenska Spel’s Oddset brand. These were both important accomplishments, carried out in parallel and requiring various bespoke developments. In the case of Svenska Spel, our front end division Shape Games was also successful in delivering its technology to enable the launch. The Euros and Copa America tournaments saw us provide all our partners with a market-leading product, enhanced by the delivery of expanded player props markets and Bet Builder capability via our AI trading division Tzeract. During the second half of June, activity on the Kambi platform was at its highest ever levels in terms of bets processed and number of players per day, with our partners receiving an uninterrupted high-quality service throughout.

On 1 July, I was pleased that we announced Werner Becher would be succeeding me as CEO from 25 July. With vast experience from the technology and gaming industries, most recently a senior executive at global sports data supplier Sportradar, I have every confidence Werner is the right person to lead Kambi into a new era of multi-product provision. I will be offering my full support to Werner from my new position on the Board of Kambi, where I will also help guide our long-term strategy.

I would like to take this opportunity to thank all Kambi employees, past and present, for their hard work and dedication during my time as CEO over the past 14 years, as well as everyone else who has supported Kambi along the way. I am proud of what we have achieved together and I firmly believe the foundation we have built positions us for future success.”


You are invited to participate in a web presentation at 9.00 CEST with Kambi Group plc’s CEO Kristian Nylén and CFO David Kenyon. The presentation will be held in English and can be accessed using the link below. After the presentation there will be the opportunity to ask questions.

Please see details in the link below:

https://financialhearings.com/event/49097

Link to the webcast:

https://ir.financialhearings.com/kambi-group-q2-report-2024

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference: https://conference.financialhearings.com/teleconference/?id=50049097

Link to report page: https://www.kambi.com/investors/financial-reports-and-presentations/