This morning we published our Interim Report for the first quarter of the year. CEO Nils Andén and interim CFO Patrick Kortman presented a solid report where total revenue grew 3% in constant currency and the underlying EBITDA increased 20% year-on-year. 🔸 Q1 provided an encouraging increase in underlying EBITDA, coming in at GBP 59.3m – the strongest quarter since Q3 2021. Cost efficiency efforts put in place at the end of 2023 are starting to pay off and indicate the scalability of the business. The total revenue came in on GBP 307.7 million, an increase of 3% in constant currency and representing a new all-time high of 84% of GWR from locally regulated markets. 🔸 The Netherlands, UK and Romania show strong growth, where Kindred continues to outgrow the market. The exit from North America is continuing according to plan and we expect to be operationally out of the market by end of Q2. 🔸 Kindred Sportsbook Platform(KSP) remains firmly on track with the platform now live in a test market. KSP is a fundamental value driver and product offering differentiator. We are now accelerating our roll-out to small non-strategic markets during Q2. 🔸 We now have our eyes set on a busy summer of sports that kicks-off towards the end of the second quarter. Nils Andén, CEO at Kindred Group said: “We have had a solid start to 2024 with the underlying business operations performing well and operational initiatives moving forward according to plan. The headcount reduction plans announced at the end of last year are progressing as intended and the North America exit is set to conclude towards the end of the second quarter this year. Our growth plan that we launched during the fourth quarter last year, focusing on Europe and Australia, continues at pace with dedicated strategic growth projects across locally regulated markets”. Link to Press Release: https://lnkd.in/dP2_sxiR #Q1FinancialResults #KindredGroup #InterimReport
Kindred Group plc’s Post
More Relevant Posts
-
Ahead of Euros 2024 Quarterfinals, dive into the latest innovation and the future of sports betting! Our Kindred Tech Medium article by Quantitative Analyst Theofanis Cheras explores Hybrid Player Props Modelling and its transformative impact on the modern sportsbook. Learn how advanced analytics and modelling techniques are reshaping the betting landscape, providing more accurate and exciting player prop offerings. Read the full article to see how we're leading the charge in sports betting technology. Blog post link is on the comment field. #SportsBetting #QuantAnalytics #Innovation #KindredGroup
To view or add a comment, sign in
-
-
Football fever has swept through Kindred! ⚽ As the Euro's Group stages conclude, we’re eagerly anticipating the excitement of the knock-out rounds. Our 'Betting Masters' staff tournament is intensifying, bringing out a spirited competitive edge among our team. Who will emerge as the finalist? 🏆 Stay tuned! #KindredGroup #Euros2024 #PassionToWin
To view or add a comment, sign in
-
Kindred Group’s CEO, Nils Andén, is currently attending Almedalen Week, an annual political summit in Sweden. He participated in the panel by Svenska Spel titled ‘Transparency in the Gambling Industry – Who is the Money Coming From?’ alongside Anna Johnson, CEO at Svenska Spel and Daniela Johansson, Deputy CEO at Paf - Games Sport Casino. Together, they discussed the importance of disclosing revenue from harmful gambling and the need to increase transparency in the industry. According to Nils, “It’s great that more operators are now following Kindred’s example and disclosing this data, which will contribute to a discussion about safer gambling based on facts.” He added, “There is a lot of data held by operators, and this data is often shared with researchers and authorities to help provide more knowledge and know-how about high-risk gambling.” Nils encourages more operators to become more transparent and to follow the examples set by Kindred with Journey Towards Zero, launched in 2021, and also by Svenska Spel, which will start reporting their revenue from safe gambling starting in Q2. The panel fostered a good conversation and demonstrated that there is great alignment and common views within the industry in Sweden. #kindredgroup #safegambling #gamblingindustry
To view or add a comment, sign in
-
-
Ensuring an exceptional experience for our customers during summer’s peak sporting highlights requires meticulous planning and innovative tactics. Speaking with Kindred’s Global Customer Service Team, it became clear that training, the right tools, collaboration, and employee engagement are crucial. Busy periods can be challenging, but they are also times when company culture truly shines and great memories are made. According to Marcus Nokelainen, Head of CS Operations, “Nothing highlights our identity as a gambling company more than a major sporting event! The Euros are the perfect chance for us to dive into the same thrill and excitement that our customers experience throughout the tournament.” Discover what goes on behind the scenes of our preparations by reading the full article with Mette Lorenzen, Enzo Comes, Vincent Van Der Westhuizen, Tobias Krohn and Marcus Nokelainen. The link is in the comment field. #kindredgroup #customerservice #teamwork #passiontowin
To view or add a comment, sign in
-
-
Major football tournaments provide an opportunity to demonstrate our responsible gambling initiatives on a large scale. At Kindred we know that the overwhelming majority of players engage with our products safely. Our multifaceted approach to player safety includes advanced tools to identify at-risk behaviours and deploying timely interventions to prevent harm. Our latest 'Journey Towards Zero' release indicates a significant shift towards safer, healthier behaviour among our customers. “Technology has advanced rapidly across several industries. Gambling is no different—with the sophisticated data held by gambling companies about their customers, we can create sophisticated solutions to tackle harm,” writes Tom Banks, Kindred’s Head of Corporate Affairs. “This allows us to be incredibly targeted in our interventions, ensuring the focus remains on those who need help while not hindering the overwhelming majority who gamble safely and responsibly on our platforms,” Tom continues. Why is a risk-based approach critical in reducing gambling-related harm? Read the full article here: https://lnkd.in/dZYsK6Jt #kindredgroup #responsiblegambling #striveforbetter
To view or add a comment, sign in
-
-
A day to remember! Last month our colleagues headed up to Leeds United FC, one of our Unibet partnered clubs, to play at the historic Elland Road stadium. Our London employees had their moment to shine on the pitch, and while the stadium could have easily accommodated a much larger crowd, the team spirit of our players never wavered! 🤩 ⚽ 🙌 #TeamKindred #PassionToWin #EllandRoad #LUFC
To view or add a comment, sign in
-
The EuroSTAR Conference of Software Testing is in full swing. Yesterday, Kindred’s Domain Architect, Abigail Cauchi, delivered the opening keynote. "Technology impacts real lives, and as testers, we have the responsibility to challenge and question its purpose. We must also challenge and question its safety and reliability. More importantly, we need to ensure that technology is serving and protecting people's lives," said Abigail in her closing remarks. Abigail’s journey from academic research to joining the gambling industry is truly inspiring. You can read the full story here: https://lnkd.in/dgXMwHMJ #kindredgroup #softwaretesting #kindredtech #careerjourney
To view or add a comment, sign in
-
A massive shout-out to all the participants of the Stockholm Step Challenge! 🏃♀️ 🏃♂️🚶Over the past four weeks, 54 colleagues collectively took an impressive 15 million+ steps and celebrated with delicious cakes as a reward. The group chat has been buzzing with shared experiences, motivational content, and stunning photos of Swedish nature; birds being a particular highlight. 🇸🇪 🦆 🦢 Check out Rashmi Borole, our Head of Product Design, who impressively managed to walk in China, South Korea, Japan and Sweden during the challenge! And the fun doesn't stop here as the challenge was so popular it’s been extended for another 60 days. Let's keep stepping together, team! #lifeatkindred #togetheraskindred #employeewellbeing
To view or add a comment, sign in
-
New episode of Mobile Talks Podcast is live 📱 🎧 Our podcast host, Product Delivery Manager Emiliana Petrova and Kindred’s Head of Payment Management Theresia Mallia discuss payment options, explore the regulatory landscape and its impact, and discover how these factors shape the way we work. They also touch on topics related to innovation and new trends that are shaping the future of payments. Mobile Talks offers insights on how we develop mobile native apps at Kindred; by players for players. You can tune in here: https://lnkd.in/dkP2usjr #paymentoptions #UX #fraudprevention #playerprotection
To view or add a comment, sign in
-
Kindred's CEO, Nils Andén, was recently featured in an interview with the leading Swedish business daily, Dagens Industri's magazine Di Weekend. In this piece, Nils discusses his remarkable journey from a trainee position to becoming CEO, offering a unique perspective on how the industry has evolved over the years. He also shares personal insights that have shaped both his professional path and his outlook on life. This honest and engaging interview provides an interesting glimpse into Nils' life and career. You can read the original version here (in Swedish): https://lnkd.in/dqwF57Ct #kindredgroup #CEOinsights #careerjourney
”Jag fortsätter gärna leda verksamheten”
di.se
To view or add a comment, sign in