Internet
Kindred Group plc - Interim Report January - June 2017 (unaudited)
"The marketing investments made in previous quarters have resulted in a new all-time high in Gross winnings revenue that was up 32 per cent compared to last year. In constant currency Gross winnings revenue increased by 22 per cent whilst the organic increase in Gross winnings revenue in constant currency was 18 per cent. Taking into consideration the lack of major tournaments this year, we are confident that we have continued to outpace market growth and have continued to take market share."
"Our reported EBITDA increased by 45 per cent during the second quarter of 2017. Excluding items affecting comparability, underlying EBITDA grew by 52 per cent and 34 per cent in constant currency. The underlying organic EBITDA in constant currency was up 28 per cent."
"In the second quarter of 2017, 38 per cent of the Group's Gross winnings revenue came from locally regulated markets. The acquisition of 32Red will significantly accelerate our development and profitability in the world's largest locally regulated market. Gross winnings revenue from the mobile channel grew by 52 per cent and accounted for 73 per cent of total Gross winnings revenue in the second quarter".
"In the period up to 23 July 2017 , average daily Gross winnings revenue in GBP was 20 per cent higher compared to the same period in 2016 (up 9 per cent excluding 32Red). Adjusting for the impact of exchange rate changes, the growth was 15 per cent (up 4 per cent excluding 32Red)," says Henrik Tjärnström, CEO of Kindred Group.
Today, Wednesday 26 July 2017 , Kindred Group's CEO Henrik Tjärnström will host a presentation in English at FinancialHearings, Tändstickspalatset, Västra Trädgårdsgatan 15, in Stockholm at 9.00 CEST.
Please go 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 number is
UK: +44-20-3008-9813 or in the USA : +1-855-831-5947.
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.
Inga Lundberg , Investor Relations
+44-788-799-6116
Henrik Tjärnström, CEO
+46-723-878-059
This information was brought to you by Cision http://news.cision.com
http://news.cision.com/kindred-group/r/kindred-group-plc---interim-report-january---june-2017--unaudited-,c2318521
The following files are available for download: