EFN Finansmagasinet has issued a buy recommendation for sportsbook provider Kambi.
The stock is climbing 1.5 percent on the Stockholm Stock Exchange, trading around 150 kronor.
'Taking a bullish view, Kambi has several growth avenues. They can win new full-service clients, grow with existing customers in new and current markets, and sell modular solutions. With solid cost control and high gross margins, the stock becomes very attractive if growth materializes', EFN noted in a commentary.
Looking ahead to 2026, Kambi's management has guided for an EBITA result of 20-25 million euros.
Kambi Group plc is an independent provider of sports betting technology and services to the regulated global betting and gaming industry. Its principal activities include business-to-business (B2B), a supplier of fully managed sports betting services, on an in-house developed software platform, providing turnkey sports betting services to business-to-consumer (B2C) gaming operators. The Company is engaged in the provision of managed sports betting services. The Company’s services encompass an offering, from compliance provision and odds-compiling through to customer intelligence and risk management, built on and delivered through a sophisticated, in-house developed software platform. The Company, through Shape Games, has enhanced its front-end technology. The Company's subsidiaries include Kambi Malta Limited, Kambi Sportsbook plc, Sports Information Services Limited, Kambi Services Limited, Kambi Sweden AB, Global Technology & Sports Limited, Kambi Philippines Inc.
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