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Weak fourth-quarter margin impacts Kambi Group results

14th February 2017 10:25 am GMT
Kambi

Shares in Swedish sports betting supplier Kambi Group fell by nearly 7 per cent in Stockholm early Tuesday after the company reported a significant drop in net profit for the final quarter of 2016.

Revenue in Q4 rose by just 0.7 per cent to €14.3m versus a year ago, with results adversely affected by low margins due to customer-friendly football results in December.

“As widely reported across the industry, December produced many events with player-friendly outcomes,” said Kambi CEO [...]

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