Kambi CEO raises stake with SEK 3.3m buy
Table of contents
- Werner Becher acquired 20,900 Kambi shares on 20 May 2026 through holding company WBCH Invest Ltd at an average price of SEK 156.00, for a total of SEK 3,260,400 (approximately $349,400).
- The transaction brings his total holding to 119,260 shares, equal to 0.43% of total share capital, alongside 279,724 options.
- The purchase was disclosed to the Malta Financial Services Authority on 22 May 2026, in line with EU market abuse regulations.
Kambi Group CEO Werner Becher has added to his personal stake in the B2B sportsbook supplier.
A regulatory disclosure confirmed he acquired 20,900 shares on 20 May 2026 through his associated company, WBCH Invest Ltd, at an average price of SEK 156.00, for a total consideration of SEK 3,260,400 (approximately $349,400).
Following the transaction, Becher holds 119,260 shares in the company, equal to 0.43% of Kambi’s total share capital, in addition to 279,724 options. The disclosure was reported to the Malta Financial Services Authority on 22 May 2026.
Second open-market buy
The May 2026 purchase is Becher’s second open-market acquisition since taking the role. In November 2025, he acquired 28,360 shares through WBCH Invest Ltd at an average price of SEK 114.24, for a total of SEK 3,239,846. The latest transaction was executed at a price roughly 37% higher, reflecting a significant re-rating of the Kambi share since that earlier purchase.
Open-market purchases by senior executives are typically interpreted by investors as a signal of management confidence. The timing follows Kambi’s Q1 2026 results, in which the company reported revenue of €43.5m, up 4.9% year-on-year, with adjusted EBITA rising 63.5% to €5.7m.
Werner Becher, CEO of Kambi Group, said:
“I’ve purchased additional shares in Kambi. An investment reflecting my confidence in our long-term trajectory. And, importantly, my trust in the Kambi team delivering it. We remain laser-focused on executing our Vision2030 and strategy, and on creating sustainable value.”
Deal momentum builds
Kambi has moved quickly on the commercial front in the first half of 2026. The company was selected by the Atlantic Lottery Corporation and British Columbia Lottery Corporation to power a multi-province Canadian sportsbook covering seven of Canada’s ten provinces.
A long-term Turnkey Sportsbook agreement with PMU also marked Kambi’s entry into the regulated French market, one of Europe’s largest betting jurisdictions. An Abios–Google esports data deal and the 711 sportsbook launch in Belgium have extended Kambi’s European footprint further.
The company’s corporate share buy-back programme, which ran from November 2025 to 20 May 2026, repurchased a total of 798,895 ordinary shares at a volume-weighted average price of SEK 125.00 per share under a SEK 100m mandate.
Kambi has guided for full-year adjusted EBITA of €20–25m for 2026, with its outlook underpinned by the FIFA World Cup, which the company plans to operate on fully AI-powered trading for the first time.
With the World Cup central to Kambi’s growth strategy and a string of new operator partnerships now live, Becher’s latest equity move adds a personal dimension to a management team backing its own commercial narrative heading into the second half of the year.
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