Kambi Group Second Quarter 2024 Earnings: Beats Expectations

Kambi Group (STO:KAMBI) Second Quarter 2024 Results

Key Financial Results

• Revenue: €45.7m (up 6.6% from 2Q 2023).
• Net income: €4.66m (up 83% from 2Q 2023).
• Profit margin: 10% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: €0.15 (up from €0.083 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kambi Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates by 136%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Sweden.

Performance of the Swedish Hospitality industry.

The company's shares are up 7.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Kambi Group's balance sheet and an in-depth analysis of the company's financial position.

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