Kambi Group has announced better-than-expected results for the final quarter, boosted by favourable sporting results.
In a trading update, the sports betting specialist revealed a trading margin of 9.7 per cent between October 1 and December 31 – significantly higher than the expected long-term average of 6.5 to 7 per cent, which placed pressure on turnover growth.
As a result, Kambi’s revenue in Q4 2017 is expected to be in the range of €18.8m - €19.2m.
The company stated: “The trading margin can fluctuate from quarter to quarter and therefore we do not see any reason to adjust our projections of the average long-term trading margin.”
