A114S0 Kambi Group

Invitation: Kambi Group plc’s first quarter 2020 result

Invitation: Kambi Group plc’s first quarter 2020 result

Malta, 9 April 2020

Invitation: Kambi Group plc’s first quarter 2020 result

Kambi Group plc’s result for the first quarter (January - March) 2020 will be announced on Friday, 24 April 2020 at 7.45 (CEST).

You are invited to participate in a report presentation at 10.45 (CEST) with Kambi Group plc’s CEO Kristian Nylén and CFO David Kenyon. The presentation will be held in English via a telephone conference and can also be accessed via an audiocast using the link below.



Questions can be asked on the telephone conference or sent via the audiocast link. Please see details in the link below:



Numbers for participation in the telephone conference:

SE: UK: US:

Link to the audiocast:



For more information, please contact:

Mia Nordlander, Head of Investor Relations

+44 (0)785 091 0933

 

About Kambi

Kambi is a provider of premium sports betting services to licensed B2C gaming operators. Kambi Group plc is listed on First North Growth Market at Nasdaq Stockholm. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 20-plus customers include 888 Holdings, ATG, DraftKings, Kindred Group, LeoVegas, Penn National Gaming and Rush Street Interactive. Kambi employs more than 850 staff across offices in Malta (headquarters), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.

Kambi utilises a best of breed security approach and is ISO 27001 and eCOGRA certified. Kambi Group plc is listed on Nasdaq First North Growth Market under the symbol "KAMBI".

The Company's Certified Advisor is Redeye AB, , Tel: +46 (0)8 121 576 90.

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09/04/2020

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Reports on Kambi Group

Martin Arnell
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Kambi (Buy, TP: SEK195.00) - Aiming for the next league

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Kambi (Buy, TP: SEK195.00) - Decent start to 2025

We reiterate our BUY, but have reduced our target price to SEK195 (200) on trimmed estimates (weak USD). We forecast decent Q1 results (due at 08:00 CET on 30 April), including adj. EBIT of EUR5.4m, down slightly YOY, reflecting the Kindred contract and raised gaming taxes. We expect the 2025 adj. EBIT guidance to be maintained, and see potential for client signings, stricter cost efficiency and better capital distribution.

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