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Kindred Group PLC (KINDsdb.ST)

KINDsdb.ST on Stockholm Stock Exchange

51.72SEK
23 Aug 2019
Change (% chg)

0.66kr (+1.29%)
Prev Close
51.06kr
Open
51.48kr
Day's High
53.24kr
Day's Low
51.42kr
Volume
1,918,440
Avg. Vol
1,764,890
52-wk High
115.95kr
52-wk Low
48.02kr

Latest Key Developments (Source: Significant Developments)

Kindred Group Q1 Underlying EBITDA Down At GBP 30.6 Million
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Kindred Group PLC ::Q1 PRETAX PROFIT GBP 17.7 MILLION VERSUS GBP 33.6 MILLION YEAR AGO.Q1 GROSS WINNINGS REVENUE GBP 224.4 MILLION VERSUS GBP 207.8 MILLION YEAR AGO.ALL-TIME HIGH IN ACTIVE CUSTOMERS BUT, AS EXPECTED, PROFITS FOR QUARTER SIGNIFICANTLY IMPACTED BY NEW LOCAL LICENCE IN SWEDEN.UNDERLYING EBITDA FOR Q1 OF 2019 WAS GBP 30.6 (47.5) MILLION.GROSS WINNINGS REVENUE FROM SWEDISH MARKET FOR Q1 SEK 207.4 MILLION AFTER DEDUCTION OF BONUSES OF SEK 137.9 MILLION.OTHER SIGNIFICANT ITEMS AFFECTING QUARTER WAS SWEDISH BETTING DUTIES PAID OF GBP 5.2 MILLION BUT ALSO MARKETING INVESTMENTS INCREASING WITH GBP 3.8 MILLION.BONUS COSTS STABILISED LATER IN QUARTER AND BY MARCH WERE LOWER THAN LAST YEAR WITH FULL YEAR COSTS EXPECTED TO BE LOWER THAN FOR 2018."AS ANTICIPATED FOR SEVERAL YEARS, RE-REGULATION OF SWEDISH MARKET RESULTED IN SIGNIFICANT SHORT TERM MARGIN PRESSURE, PARTICULARLY IN Q1".FOR PERIOD 1 APRIL TO 21 APRIL 2019, DAILY AVERAGE GROSS WINNINGS REVENUE IN GBP WAS 10 PER CENT HIGHER (12 PER CENT IN CONSTANT CURRENCY) THAN FOR SAME PERIOD LAST YEAR.  Full Article

Kindred Group Strengthens Compliance With Gig Comply Partnership
Friday, 5 Apr 2019 

April 5 (Reuters) - Gaming Innovation Group Inc ::KINDRED GROUP STRENGTHENS COMPLIANCE WITH GIG COMPLY PARTNERSHIP.GAMING INNOVATION GROUP INC. HAS SIGNED AGREEMENT WITH KINDRED GROUP FOR PROVISION OF ITS MARKETING COMPLIANCE TECHNOLOGY, GIG COMPLY.  Full Article

Kindred Signs With Mohegan Sun Pocono In Pennsylvania
Monday, 28 Jan 2019 

Kindred Group PLC ::KINDRED SIGNS WITH MOHEGAN SUN POCONO IN PENNSYLVANIA.KINDRED GROUP HAS SIGNED A STRATEGIC PARTNERSHIP WITH MOHEGAN SUN POCONO IN PENNSYLVANIA.AGREEMENT COVERS AN INITIAL FIVE YEARS, WITH POSSIBILITY TO EXTEND FOR TWO ADDITIONAL FIVE-YEAR TERMS.INITIAL PHASE OF STRATEGIC PARTNERSHIP COVERS FIVE YEARS.POSSIBILITY TO EXTEND COLLABORATION FOR TWO ADDITIONAL FIVE-YEAR TERMS..WILL CONTINUE TO INVEST IN GROWING ITS US OPERATIONS WHERE MARKET CONDITIONS SUPPORT A SUSTAINABLE BUSINESS MODEL.SAYS WILL CONTINUE TO INVEST IN GROWING ITS US OPERATIONS.  Full Article

Kindred Q3 pretax profit rises
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Kindred Group PLC ::GROSS WINNINGS REVENUE AMOUNTED TO GBP 230.7 (193.6) MILLION FOR Q3 OF 2018.PROFIT BEFORE TAX FOR Q3 OF 2018 AMOUNTED TO GBP 42.0 (35.0) MILLION.SAYS FOR FIRST 24 DAYS OF OCTOBER 2018, SPORTS BETTING MARGIN AFTER FREE BETS WAS APPROXIMATELY 25 PER CENT HIGHER THAN LONG-TERM AVERAGE OF 7 PER CENT.SAYS DAILY AVERAGE GROSS WINNINGS REVENUE IN GBP IN PERIOD UP TO 24 OCTOBER 2018 WAS 5 PER CENT LOWER (3 PER CENT IN CONSTANT CURRENCY) THAN FOR FULL Q4 LAST YEAR.  Full Article

Kindred Q2 core profit rises, growth strong so far in Q3
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Kindred Group PLC ::SAYS GROSS WINNINGS REVENUE AMOUNTED TO GBP 219.0 (166.6) MILLION FOR Q2 OF 2018.SAYS UNDERLYING EBITDA FOR Q2 OF 2018 WAS GBP 41.7 (33.4) MILLION.SAYS PROFIT BEFORE TAX FOR Q2 OF 2018 AMOUNTED TO GBP 28.9 (22.9) MILLION.SAYS IN PERIOD UP TO 22 JULY 2018, AVERAGE DAILY GROSS WINNINGS REVENUE IN GBP WAS 29 PER CENT HIGHER COMPARED TO SAME PERIOD IN 2017.SAYS ADJUSTING FOR IMPACT OF EXCHANGE RATE CHANGES, GROWTH WAS 30 PER CENT.SAYS WORLD CUP PROVIDED A SIGNIFICANT ALL-TIME HIGH IN CUSTOMER ACTIVITY AND CONTINUED STRONG ORGANIC GROWTH, AND UNEXPECTED RESULTS LED TO A SPORTSBOOK MARGIN OF 8.2 PER CENT AFTER FREE BETS.  Full Article

Kambi Group Proposes To Extend Contract With Kindred Group
Tuesday, 8 May 2018 

May 8 (Reuters) - KAMBI GROUP PLC ::REG-KAMBI GROUP PLC PROPOSES TO EXTEND CONTRACT WITH KINDRED GROUP PLC.THERE WILL BE NO MATERIAL IMPACT ON KAMBI'S EXPECTED REVENUES FOR 2018.  Full Article

Kindred Q3 pretax profit tops forecast
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Kindred Group Plc :Says ‍new all-time high in gross winnings revenue of GBP 193.6 (142.3) million for Q3 of 2017​.Says ‍underlying ebitda for Q3 of 2017 was GBP 46.8 (33.9) million​.Says ‍gross winnings revenue contribution from 32red was GBP 18.6 million and underlying ebitda was GBP 3.7 million​.Says ‍profit before tax for Q3 of 2017 amounted to GBP 35.0 (24.8) million​.Says ‍in period up to 22 october 2017, with approximately 50 per cent higher than normal sports book margins, average daily gross winnings revenue in GBP was 68 per cent higher compared to same period in 2016​.Says ‍adjusting for acquisition of 32red and impact of exchange rate changes, growth was 57 per cent​.Reuters poll: Kindred Q3 pretax profit was seen at GBP 28.2 million, gross winnings revenue at 183 million.  Full Article