Kambi Group Third Quarter 2024 Earnings: Revenues Miss Expectations

Kambi Group (STO:KAMBI) Third Quarter 2024 Results

Key Financial Results

• Revenue: €43.0m (up 2.2% from 3Q 2023).
• Net income: €2.49m (down 30% from 3Q 2023).
• Profit margin: 5.8% (down from 8.4% in 3Q 2023). The decrease in margin was driven by higher expenses.

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

Kambi Group Revenues Disappoint

Revenue missed analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Sweden.

Performance of the Swedish Hospitality industry.

The company's shares are down 16% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Kambi Group that we have uncovered.

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