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Kambi announces cost cutting drive as revenue outlook remains uncertain

9th April 2020 9:07 am GMT
Kambi
SBTech

Stockholm-listed sports betting technology supplier Kambi has said that it will seek financial support from the Swedish and UK governments as sports cancellations erode the majority of its revenue.

The company said that trading in the first quarter of 2020 was strong with estimated revenue of €28.0m marking a 33 per cent improvement on the same period a year ago.

Operating expenditure for the period is estimated at around €21.5m, resulting in earnings before interest and tax [...]

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