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Favourable sports results boost Kambi in fourth quarter

10th January 2018 9:37 am GMT
Kambi

Shares in sports betting provider Kambi Group rose by more than 12 per cent in Stockholm Tuesday after the company revealed that it benefited from an unusually high number of favourable sporting results during the fourth quarter of 2017.

The favourable results led to a trading margin of 9.7 per cent for the period, significantly higher than the expected average long-term trading margin of between 6.5 per cent and 7.0 per cent.

As a result, Kambi expects revenue [...]

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