Kambi completes year of growth with 53% Q4 revenue rise

Kambi this morning posted a 32% increase in full-year revenues after the sportsbook supplier enjoyed its best quarter-to-date in Q4.

Total revenues for the year ended 31 December 2015 were ?47.7m, comfortably ahead of the ?36m recorded in 2014, while EBIT leapt to ?7.4m compared to ?2.2m the previous year.

Kambi’s full-year figures were boosted by a strong Q4 which saw revenues rise 53% year-on-year to ?14.2m at a margin of 23%. Full-year margin was 16%, up from 6% in 2014.

Chief executive Kristian Nylen said today’s numbers were continued proof of “the quality of Kambi’s services” and “the success of our operators”, which currently includes the likes of 888, Unibet and 32Red.

And Kambi’s roster of clients will increase in 2016 with the addition of LeoVegas and Rank, both of which are due to go live with the Kambi sportsbook ahead of the European Championships in June.

“We are very excited to add two renowned brands to our customer list and we see great potential for them and Kambi,” Nylen said.

Nylen also said the supplier had begun the roll-out of its new HTML5 client, which will give customers greater control over its customer-facing front-end elements.

“We are aiming to transition all our operators before Euro 2016 and we expect to add some new exciting features before the tournament,” he added.

Kambi’s share price was up 14% to SEK119.25 after early morning trading.