Kindred Group enjoys World Cup results

Business News

The 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.”

Gross winnings revenue increased 24 per cent organically and in constant currencies which means that we are continuing to gain market share. Gross winnings revenue from mobile grew by 29 per cent compared to the second quarter last year and amounted to 72 per cent of our total Gross winnings revenue. Of the Group’s Gross winnings revenue 43 per cent came from locally regulated markets.”

Underlying EBITDA grew by 25 per cent compared to the same period last year (+27 per cent organic and in constant currencies).”

In the period up to 22 July 2018, average daily Gross winnings revenue in GBP was 29 per cent higher compared to the same period in 2017. Adjusting for the impact of exchange rate changes, the growth was 30 per cent,” says Henrik Tjärnström, CEO of Kindred Group.

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