{"id":3517,"date":"2021-02-10T06:45:00","date_gmt":"2021-02-10T05:45:00","guid":{"rendered":"https:\/\/staging.kambi.com\/investors\/news-pr\/kambi-group-plc-q4-report-2020\/"},"modified":"2021-02-10T06:45:00","modified_gmt":"2021-02-10T05:45:00","slug":"kambi-group-plc-q4-report-2020","status":"publish","type":"press_release","link":"https:\/\/www.kambi.com\/pt-br\/investors\/news-pr\/kambi-group-plc-q4-report-2020\/","title":{"rendered":"Kambi Group plc Q4 Report 2020"},"content":{"rendered":"<div class=\"mfn-body\">\n<p>Financial summary<\/p>\n<ul>\n<li>Revenue amounted to \u20ac46.9 (Q4 2019: 26.7) million for the fourth quarter of 2020 and \u20ac117.7 (92.3) million for the period January to December 2020<\/li>\n<\/ul>\n<ul>\n<li>Operating profit (EBIT) for the fourth quarter of 2020 was \u20ac22.2 (6.2) million, at a margin of 47.3% (23.1%), and \u20ac32.2 (14.7) million for the period January to December, at a margin of 27.4% (16.0%)<\/li>\n<\/ul>\n<ul>\n<li>Profit after tax amounted to \u20ac17.3 (4.6) million for the fourth quarter of 2020 and \u20ac24.1 (10.4) million for the period January to December 2020<\/li>\n<\/ul>\n<ul>\n<li>Earnings per share for the fourth quarter of 2020 were \u20ac0.558 (0.152) and \u20ac0.781 (0.345) for the period January to December 2020<\/li>\n<\/ul>\n<ul>\n<li>Cash flow from operating and investing activities (excluding working capital movements) amounted to \u20ac20.5 (4.4) million for the fourth quarter of 2020 and \u20ac28.7 (8.6) million for the period January to December 2020<\/li>\n<\/ul>\n<ul>\n<li>The 2021 AGM will be held on 11 May. The Board proposes that no dividend is paid out.<\/li>\n<\/ul>\n<p><\/p>\n<p>Key highlights<\/p>\n<ul>\n<li>Posted record quarterly performance with revenue up 76% year-on-year and operator turnover rising 77%, driven by a busy sporting calendar, exceptional operator trading margin and growth in new markets<\/li>\n<\/ul>\n<ul>\n<li>Demonstrated scalability of the business model with operating margin of 47% compared with 23% in the corresponding quarter of 2019, and further strengthening of the net cash balance<\/li>\n<\/ul>\n<ul>\n<li>During the quarter, Kambi supported Rush Street Interactive and DraftKings with online launches into the US states of Iowa and Tennessee respectively<\/li>\n<\/ul>\n<ul>\n<li>Kambi agreed two new partnership agreements, signing with the Belgian National Lottery and JVH Gaming and Entertainment in the Netherlands<\/li>\n<\/ul>\n<p><\/p>\n<p><em>\u201cAs we reflect on what has been exceptionally challenging 12 months, it\u2019s particularly pleasing to complete the year with a record Q4 performance and annual revenues up by 28%. At the start of 2020, full year revenue of \u20ac117.7m would have been deemed a great success, so to have delivered such a performance, in spite of the sporting calendar being severely impacted for the best part of four months, speaks volumes for the business we have created, our talented people and the upward trajectory we are on.<\/em><\/p>\n<p><em>Kambi finished the year in fine fashion, with year-on-year Q4 revenue up by 76% to \u20ac46.9m and operator turnover rising 77% at an operator trading margin of 9.4%. The Kambi Operator Turnover Index came in at 989 which was a clear all-time high, while our business model illustrated the scalability it possesses with an operating margin of 47%.<\/em><\/p>\n<p><em>The US continues to be a success story, with Q4 delivering expansion into Tennessee\u2019s online market and three on-property launches across Michigan and Mississippi. Our US-facing partners are increasingly leveraging Kambi\u2019s differentiation capabilities in areas including risk, pricing and front-end, to forge unique paths in their respective markets. With major states such as Texas and New York now looking closely at online sports betting, it\u2019s clear Kambi\u2019s US journey is in its early stages.<\/em><\/p>\n<p><em>Our strong growth means Kambi is now operating at a scale like never before, which in turn allows the Kambi sportsbook and service to continuously evolve. The powerful partner network we have created, with fantastic partners from around the globe, produces ever increasing amounts of unique data, from which we can draw valuable insights to help us improve and continue to offer a high-performance sportsbook.<\/em><\/p>\n<p><em>Over the past few months, and despite restrictions on travel, we have successfully grown the global network with four new partners. While the November signing of the Belgium National Lottery was addressed in our Q3 report, we closed out the year with the addition of JVH Gaming and Entertainment in December. JVH is the largest private casino group in the Netherlands, a country we expect to introduce a new regulatory framework later this year.<\/em><\/p>\n<p><em>In recent weeks, we have signed partnership agreements with Racing and Wagering Western Australia and Argentinian casino operator Casino Magic and we look forward to launching with all our new partners in the coming months. While there is understandably great attention given to the promise of the US market, this quartet of partnerships, spread across three continents, underlines the exciting opportunities that lie in other corners of the world and cements Kambi\u2019s position as the global market leader.<\/em><\/p>\n<p><em>In summary, it\u2019s been a year that\u2019s shown that when working together, we can find the right responses to the toughest of challenges. The Kambi model is based on partnership, on sharing, on working together with our partners to ensure they have the best chance of success. The model was undoubtedly stress-tested in 2020 but it passed with flying colours, leaving me more excited than ever about Kambi\u2019s future.\u201d<\/em><\/p>\n<hr\/>\n<p><\/p>\n<p>You are invited to participate in a report presentation at 10.45 (CET) with Kambi Group plc&#39;s CEO Kristian Nyl\u00e9n 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.<\/p>\n<p>Questions can be asked on the telephone conference or sent via the audiocast link. Please see details in the link below:<\/p>\n<p><a href=\"https:\/\/financialhearings.com\/event\/13302\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/financialhearings.com\/event\/13302<\/a><\/p>\n<p>The dial-in numbers for participation in the telephone conference:<\/p>\n<p>SE: +46 8 566 427 04<\/p>\n<p>UK: +44 333 300 9262<\/p>\n<p>US: +1 833 526 8396<\/p>\n<p>Link to the audiocast: <a target=\"_blank\" href=\"https:\/\/tv.streamfabriken.com\/kambi-group-q4-2020\" rel=\"nofollow noopener\">https:\/\/tv.streamfabriken.com\/kambi-group-q4-2020<\/a><\/p>\n<p>Link to report page: <a target=\"_blank\" href=\"https:\/\/www.kambi.com\/investors\/financial-reports-and-presentations\/quarterly-reports\" rel=\"nofollow noopener\">https:\/\/www.kambi.com\/investors\/financial-reports-and-presentations\/quarterly-reports<\/a><\/p>\n<hr\/>\n<p>Kambi Group plc contacts:<\/p>\n<p>Kristian Nyl\u00e9n, Chief Executive Officer<\/p>\n<p>David Kenyon, Chief Financial Officer<\/p>\n<p>Mia Nordlander, SVP Investor Relations<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-contacts\">\n<p><strong class=\"mfn-heading-1\">For further information, please contact:<\/strong><\/p>\n<hr\/>\n<p>Mia Nordlander<br \/>SVP Investor Relations<br \/><a href=\"mailto:Mia.Nordlander@kambi.com\" target=\"_blank\" rel=\"nofollow noopener\">Mia.Nordlander@kambi.com<\/a><br \/>Mobile: +44 (0) 7850 910 933<br \/>Office: +44\u00a0203\u00a0318 6279<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about\">\n<p><strong class=\"mfn-heading-1\">About Kambi<\/strong><\/p>\n<hr\/>\n<p>Kambi is a provider of premium sports betting services to licensed B2C gaming operators.\u00a0Our 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\u2019s 30-plus customers include 888 Holdings, ATG,\u00a0Churchill Downs Incorporated, DraftKings, Kindred Group, LeoVegas, Penn National Gaming and Rush Street Interactive. Kambi employs more than 850 staff across offices in\u00a0Malta (headquarters), Australia, Philippines, Romania, Sweden, the UK and the United States.<\/p>\n<p>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 &#34;KAMBI&#34;.<\/p>\n<p>The Company&#39;s Certified Advisor is Redeye AB.<br \/><a href=\"mailto:Certifiedadviser@redeye.se\" target=\"_blank\" rel=\"nofollow noopener\">Certifiedadviser@redeye.se<\/a><br \/>Tel: +46 (0) 8 121 576 90<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p><em>This information is information that Kambi Group plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-02-10 07:45 CET.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-pdf\">\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr\/>\n<p><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/f5580b22-9766-44ec-86be-3df0de7f9758\/kambi-group-plc-q4-2020-report-10-february-2021.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Kambi Group Plc Q4 2020 Report 10 February 2021<\/a><\/p>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"wpcf-remoteid":"4c492d5f-4472-4458-b099-909585cfc331","wpcf-regulated":"1","wpcf-isfinancial":"0","wpcf-publishedyear":"2021","wpcf-published":"1612939500","banc-mfn-type":"ir","banc-mfn-lang":"en"},"press_release_type":[262,258,261,271,54,58],"class_list":["post-3517","press_release","type-press_release","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - 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