Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Kindred Group    KIND SDB   SE0007871645

KINDRED GROUP

(KIND SDB)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 11/25 11:25:00 am
71.26 SEK   +0.56%
11/02Ocado to Buy Two Robotic Companies for $287 Million
DJ
11/02OCADO : Statement regarding acquisitions
DJ
08/05KINDRED GROUP : The stock is approaching a major resistance level
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Kindred : Interim report January – March 2019 (unaudited)

04/24/2019 | 01:43am EST

'All-time high in active customers but, as expected, profits for the quarter significantly impacted by the new local licence in Sweden'

'During the quarter we have had strong levels of activity across all markets and all-time highs in active customers and Sports betting turnover. This is the result of our continued investment in marketing, where focus has been in relation to responsible gambling in Sweden and football sponsorships in the UK.'

'As anticipated for several years, the re-regulation of the Swedish market resulted in significant short term margin pressure, particularly in the first quarter. The single biggest impact came from all legacy and new Swedish customers being awarded with one additional bonus under the terms of the new licensing system. The significant uptake on customer bonuses, especially in January and February, resulted in bonus expenditure increasing with GBP 6.6 million for the first quarter compared with the same period last year. Bonus costs stabilised later in the quarter and by March were lower than last year with full year costs expected to be lower than for 2018.'

'Other significant items affecting the quarter was the Swedish betting duties paid of GBP 5.2 million but also marketing investments increasing with GBP 3.8 million. This has significantly influenced the Gross winnings revenue in the quarter but also EBITDA. The total effect on Group EBITDA from the Swedish market opening in the first quarter was a reduction of GBP 18.9 million compared to the first quarter last year. Whilst these are significant numbers, we always expected the opening of the market to result in an initial margin pressure but we are confident that we have a solid base to build from and are expecting continuous improvements from here.'

'During the first quarter of 2019, Gross winnings revenue from mobile grew by 17 per cent compared to the first quarter of last year and amounted to 77 per cent of our total Gross winnings revenue. Of the Group's Gross winnings revenue, 57 per cent came from locally-regulated markets.'

'For the period 1 April to 21 April 2019, the daily average Gross winnings revenue in GBP was 10 per cent higher (12 per cent in constant currency) than for the same period last year,' says Henrik Tjärnström, CEO of Kindred Group.

The information in this report is such that Kindred Group plc is required to disclose under the EU Regulation of Market Abuse, MAR.

Disclaimer

Kindred Group plc published this content on 24 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 April 2019 05:42:07 UTC


© Publicnow 2019
All news about KINDRED GROUP
11/02Ocado to Buy Two Robotic Companies for $287 Million
DJ
11/02OCADO : Statement regarding acquisitions
DJ
06/15Defying Trump, Iran aims to keep offloading gasoline glut to Venezuela
RE
05/21Gap rushes in more robots to warehouses to solve virus disruption
RE
04/23KINDRED : Johan Wilsby joins Kindred Group as CFO
PU
04/16KINDRED : Invitation to Kindred Group's financial presentation
PU
04/09KINDRED : AGM Notice
PU
04/09KINDRED : Valberedningen i Kindred Groups förslag inför kommande årsstämma
PU
03/13KINDRED : Chairman in Kindred Group purchases SDRs
PU
03/09KINDRED : publishes Annual Report and Sustainability Report for 2019
PU
More news
Financials
Sales 2020 1 070 M 1 432 M 1 432 M
Net income 2020 124 M 166 M 166 M
Net cash 2020 0,39 M 0,53 M 0,53 M
P/E ratio 2020 11,5x
Yield 2020 7,26%
Capitalization 1 425 M 1 902 M 1 907 M
EV / Sales 2020 1,33x
EV / Sales 2021 1,17x
Nbr of Employees 1 628
Free-Float 94,7%
Chart KINDRED GROUP
Duration : Period :
Kindred Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KINDRED GROUP
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 819,48 GBX
Last Close Price 627,36 GBX
Spread / Highest target 47,1%
Spread / Average Target 30,6%
Spread / Lowest Target 23,3%
EPS Revisions
Managers
NameTitle
Henrik Tjärnström Chief Executive Officer
Anders Ström Chairman
Johan Wilsby Chief Financial Officer
Marcus Smedman Chief Technology Officer
Peter Boggs Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
KINDRED GROUP24.34%1 878
SANDS CHINA LTD.-19.57%34 701
GALAXY ENTERTAINMENT GROUP LIMITED8.89%34 675
FLUTTER ENTERTAINMENT PLC37.48%26 951
ARISTOCRAT LEISURE LIMITED2.08%15 910
CAESARS ENTERTAINMENT, INC.415.44%14 600