TMCnet News
Kindred Group plc - Year End Report January - December 2017 (unaudited)LONDON, Feb. 14, 2018 /PRNewswire/ -- Fourth quarter and full year highlights
"A strong finish to 2017 resulted in another record quarter for revenue and profit" "Strong growth across our major markets and an exceptional sportsbook margin approximately 50 per cent above the long-term average, have resulted in record revenue and profitability for Kindred Group in the fourth quarter of 2017. Our investments in marketing and product development have also resulted in an all-time high in EBITDA and number of active customers. Gross winnings revenue grew by 56 per cent as reported and by 42 per cent organic and in constant currencies, compared to the same period last year." "In the fourth quarter, Gross winnings revenue from mobile grew by 55 per cent compared to the fourth quarter last year and amounted to 70 per cent of our total Gross winnings revenue. Of the Group's Gross winnings revenue, 42 per cent came from locally regulated markets." "Our underlying EBITDA reached a new all-time high at GBP 74.5 million for the fourth quarter, up 90 per cent compared to the same period last year. The underlying organic EBITDA in constant currency was up 80 per cent." "The strong performance of the Group resulted in an increase in free cash flow of 78 per cent for the full year 2017. The Board has reviewed the cash requirements for 2018 and is proposing a cash dividend of GBP 0.551, which represents a growth of 78 per cent compared to the previous year." "In the period up to 11 February 2018, average daily Gross winnings revenue in GBP was 35 per cent higher compared to the same period in 2017. Adjusting for the acquisition of 32Red and the impact of exchange rate changes, the growth was 23 per cent," says Henrik Tjärnström, CEO of Kindred Group. Today, Wednesday 14 February 2018, Kindred Group's CEO Henrik Tjärnström will host a presentation in English at FinancialHearings, Tändstickspalatset, Västra Trädgårdsgatan 15, in Stockholm at 9.00 CET. Please go to financialhearings.com to sign in. The presentation is also webcast live on www.kindredgroup.com. For those who would like to participate in the telephone conference in connection with the presentation, the telephone numbers are UK: +44(0)20-3008-9818 or USA: +1 855-753-2235. The Kindred Group companies hold local gambling licences in UK, France, Belgium, Denmark, Germany (Schleswig-Holstein), Italy, Australia, Ireland, Romania and Estonia. The Kindred Group also holds international gambling licences in Malta and Gibraltar. The Kindred Group pays betting duties in all markets in accordance with applicable local laws. The information in this report is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation. For further information please contact:: Henrik Tjärnström This information was brought to you by Cision http://news.cision.com The following files are available for download:
|