Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €16.90, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 6x in the Hospitality industry in Germany. Total loss to shareholders of 3.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.95 per share. Recent Insider Transactions • May 28
Chief Executive Officer recently bought €300k worth of stock On the 20th of May, Werner Becher bought around 21k shares on-market at roughly €14.37 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Werner's only on-market trade for the last 12 months. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Benjie Cherniak was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 09
Kambi Group plc, Annual General Meeting, May 21, 2026 Kambi Group plc, Annual General Meeting, May 21, 2026, at 13:30 W. Europe Standard Time. Location: avenue 77 complex, triq in-negozju, zone 3, central business district, birkirkara, cbd 3010, malta, Sweden Duyuru • Dec 08
Kambi Group plc to Report Fiscal Year 2025 Final Results on Mar 26, 2026 Kambi Group plc announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Mar 26, 2026 Duyuru • Jun 27
Kambi Group plc (OM:KAMBI) commences an Equity Buyback Plan for 2,990,362 shares, representing 10% of its issued share capital, under the authorization approved on May 19, 2025. Kambi Group plc (OM:KAMBI) commences a share repurchases on June 19, 2025, under the program mandated by the shareholders in the Extraordinary General Meeting held on May 19, 2025. As per the mandate, the company is authorized to repurchase up to 2,990,362 shares representing 10% of its share capital. The minimum price that may be paid for the shares is SEK 1 per share and the maximum price that may be paid for the shares is SEK 1,000 per share. The authority shall expire on the date of the 2026 Annual General Meeting, but in any case shall not exceed the period of 18 months, but not so as to prejudice the completion of a purchase contracted before that date. As of April 10, 2025, the company had 29,903,619 issue.
On June 18, 2025, the company announced repurchase program. Under the program, the company will repurchase up to £15 million worth of its shares in two parts. The company has entered into an agreement with Carnegie Investment Bank AB (Carnegie) to conduct the share repurchases on its behalf. Under the first program, the company will purchase up to 996,787 shares for £5 million. The program will run from the date of this announcement until August 15, 2025. Under the second program, the company will purchase up to 1,993,575 shares for £10 million. The program will run from August 18, 2025 and will expire on November 21, 2025. The purchased shares will be used for company's future obligations arising from its employee share option program. The purchased shares will be held as treasury shares until the future exercise of employee share options. Duyuru • May 20
Kambi Group plc Appoints Anna Nordell Westling as Additional New Directors Kambi Group plc at its AGM held on 19 May 2025 appointed Anna Nordell Westling and Ronnie Bodinger as additional new Directors. Duyuru • Apr 10
Kambi Group plc, Annual General Meeting, May 19, 2025 Kambi Group plc, Annual General Meeting, May 19, 2025, at 13:00 Central European Standard Time. Location: at avenue 77 complex, a4, triq in-negozju, zone 3, central business district, birkirkara, cbd 3010, Malta Duyuru • Jan 16
Kambi Group plc Appoints Mattias Frithiof as Senior Vice President Investor Relations & Sustainability Kambi Group plc announced the appointment of Mattias Frithiof as Senior Vice President (SVP) Investor Relations & Sustainability, effective 16 January 2025. Frithiof brings over 15 years of experience in investor relations and finance to his new role at Kambi having previously worked at financial institutions including Moody’s and Swedbank. He joins Kambi from Stockholm-listed audiobook and e-book streaming services company Storytel, where he served as Head of Investor Relations. Based in Stockholm and reporting to Kambi CFO David Kenyon, Frithiof will lead and execute Kambi's investor relations strategy, building and maintaining strong relationships with investors, sell-side analysts and other key stakeholders. He will be responsible for communicating Kambi’s financial performance and growth strategy to the analyst and shareholder communities, as well as leading Kambi’s corporate social responsibility (CSR) strategy. Duyuru • Nov 13
Kambi Group plc to Report Fiscal Year 2024 Results on Mar 27, 2025 Kambi Group plc announced that they will report fiscal year 2024 results at 12:00 PM, Central European Standard Time on Mar 27, 2025 Reported Earnings • Nov 07
Third quarter 2024 earnings released Third quarter 2024 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. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.30, the stock trades at a forward P/E ratio of 21x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.32 per share. New Risk • Oct 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Duyuru • Sep 06
Genius Sports Addresses Media Speculation Regarding Potential Acquisition of Kambi Group In response to these rumours, Mark Locke, Chief Executive Officer of Genius Sports Limited (NYSE:GENI) issued the following statement: ‘As policy, we do not comment on unfounded and ill-informed rumours. To prevent any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi Group plc (OM:KAMBI)’. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Benjie Cherniak was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jul 01
Kambi Group plc Appoints Werner Becher as CEO, Effective July 25, 2024 The Board of Kambi Group plc (Kambi) has appointed former Sportradar chief Werner Becher as the Company’s new CEO, succeeding the outgoing Kristian Nylén. Becher will officially assume the position on 25 July, 2024 the day after the publication of Kambi’s Second Quarter 2024 report. Following a thorough search and selection process comprised of a strong pool of candidates, Becher has been assigned to lead Kambi into its next phase of growth, having previously held senior positions within the sports betting industry, both in B2B and B2C companies, alongside earlier experience gained in the technology sector. Becher was a key figure at global sports data and betting supplier Sportradar for four years from 2019, initially as Managing Director of its US-facing Betting arm before assuming the position of CEO of its Europe, Middle East and Africa and Latin America business. Becher played a pivotal role in the successful Nasdaq IPO of Sportradar in September 2021. Becher was previously CEO of European betting and gaming operator Interwetten for eight years, where he led the company through a period of sustained growth. Most recently, Becher served as an independent investor and advisor. On joining Kambi, Becher will be tasked with building on the Company’s success and its position of the industry’s leading sports betting partner. Kambi recently embarked on a modularisation strategy which has seen it open up its platform, incubate its AI-pricing division, Tzeract, and acquire highly complementary businesses in Abios and Shape Games. The hire of Becher comes after Kambi co-founder Nylén announced in January he would, upon the appointment of a successor, step down from the position he has held since 2010. In May, Nylén was elected to the Kambi Board of Directors at the Company’s Annual General Meeting. Nylén will provide ongoing support to Becher to ensure a seamless handover. Duyuru • May 23
Kambi Group plc Approves Board Changes Kambi Group plc held its Annual General Meeting on 21 May 2024. The company approved the Kristian Nylén and Benjie Cherniak were appointed as additional new Directors. The Board extends its gratitude to Lars Stugemo and Cecilia de Leeuw for their dedicated service and contributions. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: €0.49 (vs €0.86 in FY 2022) Full year 2023 results: EPS: €0.49 (down from €0.86 in FY 2022). Revenue: €173.3m (up 4.4% from FY 2022). Net income: €14.9m (down 44% from FY 2022). Profit margin: 8.6% (down from 16% in FY 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Germany. Buy Or Sell Opportunity • Feb 20
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to €11.59. The fair value is estimated to be €9.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 9.5%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Jan 21
Now 21% overvalued Over the last 90 days, the stock has fallen 2.7% to €12.38. The fair value is estimated to be €10.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 9.5%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 2.5% in the next 2 years. Recent Insider Transactions • Dec 04
Chief Executive Officer recently bought €79k worth of stock On the 28th of November, Kristian Nylen bought around 6k shares on-market at roughly €14.37 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Kristian has been a buyer over the last 12 months, purchasing a net total of €45k worth in shares. Duyuru • Nov 17
Kambi Group plc Announces Resignation of Lars Stugemo from Board Kambi Group plc’s announced that Lars Stugemo notified the Nomination Committee that he does not intend to seek re-election at the Kambi Annual General Meeting (AGM) 2024 and has therefore decided to step down. Stugemo will leave the Board with immediate effect and continue to serve as a member of the Nomination Committee nominated by Kambi’s shareholder Veralda Investment Ltd. Ström brings vast industry experience to the role as Chair, having founded Kindred Group in 1997 and then later co-founding Kambi alongside CEO Kristian Nylén in 2010. Ström has also been a Kambi Board member since its formation. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €13.83, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Hospitality industry in Europe. Total loss to shareholders of 14% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €15.56 per share. Reported Earnings • Nov 02
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €42.1m (up 15% from 3Q 2022). Net income: €3.55m (up 37% from 3Q 2022). Profit margin: 8.4% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Board Change • Aug 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.083 (vs €0.11 in 2Q 2022) Second quarter 2023 results: EPS: €0.083 (down from €0.11 in 2Q 2022). Revenue: €42.9m (up 24% from 2Q 2022). Net income: €2.55m (down 24% from 2Q 2022). Profit margin: 5.9% (down from 9.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Reported Earnings • Apr 27
First quarter 2023 earnings released: EPS: €0.11 (vs €0.18 in 1Q 2022) First quarter 2023 results: EPS: €0.11 (down from €0.18 in 1Q 2022). Revenue: €44.0m (up 20% from 1Q 2022). Net income: €3.28m (down 40% from 1Q 2022). Profit margin: 7.4% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Board Change • Apr 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 05
Full year 2022 earnings released: EPS: €0.86 (vs €1.50 in FY 2021) Full year 2022 results: EPS: €0.86 (down from €1.50 in FY 2021). Revenue: €166.0m (up 2.2% from FY 2021). Net income: €26.5m (down 43% from FY 2021). Profit margin: 16% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: €0.86 (vs €1.50 in FY 2021) Full year 2022 results: EPS: €0.86 (down from €1.50 in FY 2021). Revenue: €166.0m (up 2.2% from FY 2021). Net income: €26.5m (down 43% from FY 2021). Profit margin: 16% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Board Change • Feb 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €36.7m (down 12% from 3Q 2021). Net income: €2.59m (down 78% from 3Q 2021). Profit margin: 7.1% (down from 29% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Hospitality industry in Germany. Duyuru • Sep 10
Kambi Group plc (OM:KAMBI) acquired Shape Games A/S for €78.1 million. Kambi Group plc (OM:KAMBI) acquired Shape Games A/S for €78.1 million on September 8, 2022. Under the terms, Kambi paid an upfront consideration of €38.5 million and earnout of €39.6 million. In 2021, Shape Games generated revenue of €7.6 million at an EBITDA of €2.8 million. Christian Risom, Chief Executive Officer and Co-founder of Shape Games, Chief Product Officer Nicolas Linde, and Chief Technical Officers Ole Gammelgaard and Philip Bruce, will continue to lead the company post-acquisition.
Kambi Group plc (OM:KAMBI) completed the acquisition of Shape Games A/S on September 8, 2022. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: €0.11 (vs €0.43 in 2Q 2021) Second quarter 2022 results: EPS: €0.11 (down from €0.43 in 2Q 2021). Revenue: €34.7m (down 19% from 2Q 2021). Net income: €3.34m (down 75% from 2Q 2021). Profit margin: 9.6% (down from 31% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 15%, compared to a 702% growth forecast for the industry in Germany. Board Change • Jul 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Cecilia De Leeuw was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 17% share price gain to €18.07, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Hospitality industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €13.92 per share. Reported Earnings • Apr 29
First quarter 2022 earnings released First quarter 2022 results: Revenue: €36.9m (down 15% from 1Q 2021). Net income: €5.43m (down 64% from 1Q 2021). Profit margin: 15% (down from 35% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 114% growth forecast for the industry in Germany. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: €1.50 (vs €0.78 in FY 2020) Full year 2021 results: EPS: €1.50 (up from €0.78 in FY 2020). Revenue: €162.4m (up 38% from FY 2020). Net income: €46.4m (up 93% from FY 2020). Profit margin: 29% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.2%, compared to a 44% growth forecast for the restaurants industry in Germany. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €18.73, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Hospitality industry in Europe. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.77 per share. Recent Insider Transactions • Feb 18
Chief Operating Officer recently sold €395k worth of stock On the 14th of February, Erik Logdberg sold around 16k shares on-market at roughly €23.98 per share. This was the largest sale by an insider in the last 3 months. Erik has been a seller over the last 12 months, reducing personal holdings by €1.6m. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.50 (up from €0.78 in FY 2020). Revenue: €162.4m (up 38% from FY 2020). Net income: €46.4m (up 93% from FY 2020). Profit margin: 29% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to stay flat compared to a 112% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 20% share price gain to €27.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Hospitality industry in Europe. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.13 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €41.6m (up 48% from 3Q 2020). Net income: €11.9m (up 135% from 3Q 2020). Profit margin: 29% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 18% share price gain to €22.64, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Hospitality industry in Europe. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €24.95 per share. Recent Insider Transactions • Sep 11
Director recently bought €94k worth of stock On the 7th of September, Lars Patrick Clase bought around 4k shares on-market at roughly €21.53 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €3.7m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 39% share price decline to €20.86, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Hospitality industry in Europe. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.12 per share. Duyuru • Aug 25
Kambi Group plc (OM:KAMBI) acquired Abios Gaming AB for approximately SEK 270 million. Kambi Group plc (OM:KAMBI) acquired Abios Gaming AB for approximately SEK 270 million on August 24, 2021. The agreement consists of an initial consideration of SEK150 million, paid in cash, with up to SEK 120 million to be paid in earnouts related to product development and the future revenue performance of Abios. In 2020, Abios generated revenue of SEK 18 million. Spearheaded by CEO Oskar Fröberg and CTO Anton Janér, both of whom will remain in their leadership roles.
Kambi Group plc (OM:KAMBI) completed the acquisition of Abios Gaming AB on August 24, 2021. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS €0.43 (vs €0.099 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €42.8m (up 190% from 2Q 2020). Net income: €13.4m (up €16.4m from 2Q 2020). Profit margin: 31% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.