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Kambi оттегля финансовите си цели за 2027 г

By - 4 юли 2024 г.

Kambi Group’s Board of Directors have withdrawn the company’s 2027 financial targets. In February, as it share price fell 30 per cent month-on-month and 47 per cent year-on-year, Kambi commenced a review of the underlying assumptions that formed its 2027 financial targets, which were first communicated in January 2023. Kambi’s 2027 financial targets were: revenue of 2-3x FY2022 levels (i.e. approximately €330 – €500m) and EBIT in excess of €150m. However, the company’s bottom line had decreased 43 per cent in the prior 12 month period, while earnings from three years ago have fallen 37 per cent overall.

The recent Board announcement concluded that Kambi has made progress in areas within its control, however, slower than expected progress towards regulation in certain key markets would likely delay revenue from such markets.

Earlier this week, Kambi announced the appointment of a new CEO, Werner Becher. The Board will now focus its attention on providing Becher with its full support in executing on the company’s long-term strategy and extending Kambi’s lead as the world’s leading sports betting provider.

The Board believes that Kambi should have in place long-term financial targets. Such targets will be evaluated with the new CEO and communicated when appropriate.

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