Kambi Group announces Q1 2016 results

Highlights

• · Revenue amounted to €13.3 (10.0) million for the first quarter of 2016, an increase of 33%
• · Operating profit (EBIT) for the first quarter of 2016 was €2.0 (0.8) million, with a margin of 15% (8%)
• · Profit after Tax amounted to €1.8 (0.6) million for the first quarter of 2016
• · Earnings per share for the first quarter of 2016 were €0.059 (0.020)
• · Cash flow from operating and investing activities (excluding working capital) amounted to €1.4 (1.0) million for the first quarter of 2016

Significant events

• · Substantial operator turnover growth of 50%
• · Contracts signed with 3 new operators: LeoVegas, Rank Group and Mr Green
• · The HTML5 client is now available to all our operators to customize their Sportsbooks
• · The upgraded Italian service is live with 3 operators

“I am very happy that Kambi is building on its momentum with another quarter of excellent results. 2016 has started at a strong pace with an increase in operator turnover of 50% compared to the same period last year. We are very pleased with the traction and market share gains we continue to see from our operators as we service them with a highly competitive and cost-efficient Sportsbook," said Kristian Nylén, CEO of Kambi.

"We are delighted that we signed a new operator in April – the award winning online gaming company, Mr Green. We look forward to working with Mr Green, complementing its casino product with our premium Sportsbook. This signing, along with LeoVegas and Rank Group which we announced during the quarter, adds to our portfolio of high-calibre operators. All three of our newly signed operators are represented in the 2015 eGR power 50 list," he remarked.