At today’s Capital Markets Day in London, UK, Kindred Group’s CEO Henrik Tjärnström and CFO Johan Wilsby, joined by members of the executive management team and senior managers, will provide a detailed update of Kindred’s strategic direction, operations and financial performance.

In connection with the Capital Markets Day, Kindred Group will present new financial targets for 2025 consisting of: Revenue of above GBP 1.6 billion. Underlying EBITDA margin of 21 – 22 per cent. Distribution policy of ~75 – 100 per cent of free cash flow (after M&A .

Priorities include:

Gaining further market share by being a trusted source of entertainment in Kindred’s existing core markets in Europe and Australia, which are expected to grow with a CAGR of 7 per cent between 2021 and 2026. 

Developing a strong position in the Netherlands, a market generally expected to grow significantly in the coming years according to H2 Gambling Capital, thanks to the efficient completion of a stringent license process, trusted brand recognition and local experience. 

Leveraging strategic investments such as the Relax Gaming acquisition and the development of the Kindred Sportsbook Platform (“KSP”), where increased flexibility, scalability and access to unique product content will differentiate Kindred from competition.

Building on the solid market foundation established in North America as this region matures and focus on customer experience increases. 

“I am delighted to share a more detailed view of our strategic direction and priorities we have set out at Kindred. We have been a driving force in the transformation of the industry and understood early on the requirements to succeed in a locally regulated and complex environment. We now have critical building blocks in place, and I am fully confident in the direction we are taking”, says Henrik Tjärnström, CEO Kindred Group.

“It is also very encouraging to see the progress being made in the development of our Kindred Sportsbook Platform, with key milestones already achieved, towards a selected market launch around year-end 2023”, says Henrik Tjärnström, and continues. “The entry into the Netherlands has also exceeded our expectations and we are well under way to reach our ambition of a 15 per cent market share by the end of the year.”