On July 5, 2024, the Kambi Group’s board of directors announced the revocation of its original 2027 financial target. Its 2027 financial targets, originally announced in January 2023, include increasing revenue to 2 to 3 times fiscal 2022 levels (or approximately 3.3 billion to 5 billion euros) and achieving EBIT (before interest and taxes) of more than 1.5 billion euros. profit).
The board explained that while Kambi has made progress in some areas within its control, regulatory progress in certain key markets Failure to advance as quickly as expected could delay revenue growth from these markets.
In addition, Kambi recently announced the appointment of new CEO Werner Becher. The company stated that the board of directors will now fully support Becher in executing the company's long-term strategy and working to expand Kambi's leadership position in the global sports betting market.
The board of directors believes that Kambi should set long-term financial goals, evaluate them with the new CEO at an appropriate time, and announce them.
