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Sports BettingIndustry

Kambi Group enjoys 11% revenue growth during FY2017

Sports betting business Kambi Group has revealed an 11% year-on-year rise in its total revenues during the full-year 2017.

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Publishing its financial report for the year, Kambi revealed total 2017 revenues of €62.1m, beating the previous 2016 total revenue figure of €56m.

Company EBITDA for the full-year 2017 grew to €16m from a previous 2016 figure of €15.6m, while profits from operations fell from a 2016 high of €8.8m to a full-year 2017 figure of €7.7m.

In addition profits after tax fell 21% to €5.9m from a previous 2016 high of €7.5m.

Speaking about Kambi’s 2017, group CEO, Kristian Nylén, commented: "With four new customers added, four key accounts retained and a prestigious sports betting supplier award won, 2017 will long be remembered as a very successful year for Kambi. It is certainly one I look back on with pride.

“The addition of these new customers means Kambi has won new business in eight consecutive quarters. This is an impressive run and one that I’m glad to say we have kept going into 2018.”

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