Kindred Group revenue up 23% in Q1

Business News

Gross Winnings Revenue up 23 per cent pure organically and all-time high in active customers”

“After an exceptional sportsbook margin in the fourth quarter last year, the margin has normalised in the first quarter of 2018 at 8.2 per cent after free bets. Gross winnings revenue grew by 36 per cent as reported and by 23 per cent organically and in constant currencies, compared to the same period last year.”

”In the first quarter, Gross winnings revenue from mobile grew by 34 per cent compared to the first quarter last year and amounted to 72 per cent of our total Gross winnings revenue. Of the Group’s Gross winnings revenue 42 per cent came from locally regulated markets.”

“Underlying EBITDA grew by 57 per cent compared to the same period last year (+46 per cent organic and in constant currencies).”

“In Europe, the development of local licensing systems has continued and in Sweden the parliament will vote for a new modern licensing system on 7 June 2018. Outside Europe, during the year we are investigating if and how we can launch any of our brands in the USA.”

  • Gross winnings revenue amounted to GBP 207.8 (153.2) million for the first quarter of 2018, an increase of 36 per cent.
  • Underlying EBITDA for the first quarter of 2018 was GBP 47.5 (30.3) million.
  • Gross winnings revenue contribution from 32Red for the first quarter of 2018 was GBP 17.9 million and underlying EBITDA was GBP 2.6 million.
  • Profit before tax for the first quarter of 2018 amounted to GBP 33.6 (18.2) million
  • Profit after tax for the first quarter of 2018 amounted to GBP 29.9 (16.3) million.
  • Earnings per share for the first quarter of 2018 were GBP 0.131 (0.072).
  • Underlying earnings per share for the first quarter of 2018 were GBP 0.140 (0.085).
  • Number of active customers during the quarter was 1,383,201 (1,232,915).

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