A114S0 Kambi Group

Kambi Group plc: Exercise of options

Kambi Group plc: Exercise of options

Malta, 23 March 2020

Kambi Group plc: Exercise of options

 

In the exercise window ended on 19 March 2020, under the rules of the Kambi Group plc Share Option Plan 2013 introduced in December 2013, 307,500 options were exercised.

Following this exercise, the total number of shares in Kambi Group plc will be 30,829,697 shares after Malta Stock Exchange’s issuance of the new shares, with a par value of EUR 0.003 per share.

 

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, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Mohegan Gaming & Entertainment, Penn National Gaming, Rank Group 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 First North Growth Market at Nasdaq Stockholm under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.

The information in this release was sent for publication on Monday, 23 March 2020 at 13:00 CET by CEO Kristian Nylén.

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EN
23/03/2020

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Reports on Kambi Group

Martin Arnell
  • Martin Arnell

Kambi (Buy, TP: SEK190.00) - New growth and nations incoming

Kambi showed steps in the right direction in Q1 after expectations were re-based in conjunction with the Q4 report. We have raised our 2024e EBIT by 5% following the earnings beat in Q1, and find the implicit EBIT guidance of EUR~15m fairly conservative in light of e.g. the upcoming onboarding of Svenska Spel in Sweden and LiveScore in the UK. We reiterate our BUY and have raised our target price to SEK190 (180).

Martin Arnell
  • Martin Arnell

Kambi (Buy, TP: SEK190.00) - New growth and nations incoming

Kambi showed steps in the right direction in Q1 after expectations were re-based in conjunction with the Q4 report. We have raised our 2024e EBIT by 5% following the earnings beat in Q1, and find the implicit EBIT guidance of EUR~15m fairly conservative in light of e.g. the upcoming onboarding of Svenska Spel in Sweden and LiveScore in the UK. We reiterate our BUY and have raised our target price to SEK190 (180).

ABGSC Online Gaming Research ... (+3)
  • ABGSC Online Gaming Research
  • Oscar Rönnkvist
  • Simon Jönsson
ABGSC Online Gaming Research ... (+3)
  • ABGSC Online Gaming Research
  • Oscar Rönnkvist
  • Simon Jönsson
Martin Arnell
  • Martin Arnell

Kambi (Buy, TP: SEK180.00) - Preparing for more action

We reiterate our BUY and SEK180 target price, and expect Q1 to show Kambi is on track to meet its 2024 revenue and EBIT guidance. The near-term outlook is positive in our opinion (key sports events like UEFA Euro 2024, and onboarding new key customers), and a new CEO should be announced soon. We have raised our 2024e EBIT by 3%, and expect more clarity on future potential buybacks (new framework to be put to the AGM).

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