Kambi Group generated a 6.5% year-on-year revenue increase to €45.7m [$49.5m] in Q2 2024, the last reporting period during which Kristian Nylén will act as the company’s CEO. As previously reported, the executive will hand over the top job to former Sportradar chief Werner Becher as of tomorrow, 25 July.
Operating profit rose to €6.2m[$6.7m] in Q2 2024, reflecting a 67% year-on-year increase and a margin expansion to 13.5% from 8.6% a year ago. Meanwhile, EBITDA increased 25% year-on-year to €16.1m.
Cash flow, excluding working capital and M&A activities, surged to €8.1m in Q2 2024 from just €0.1m a year earlier.
Earnings per share (EPS) also saw notable growth, with Q2 2024 EPS rising to €0.155, up from €0.083 in Q2 2023.
