Kindred : Exchange rates for the fourth quarter of 2018
January 02, 2019 at 09:39 am EST
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Wed, 02 Jan, 2019 15:26 CET
The net foreign exchange impact of the Kindred Group's main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development of the Kindred Group's business, it does affect the reported results when translated into GBP.
The weighted average impact of GBP against the Kindred Group's main currencies was a negative impact on Gross winnings revenue of approximately 1 per cent in the fourth quarter of 2018 compared to the same period of 2017.
Balance sheet rates:
Rate to GBP
31-Dec-18
31-Dec-17
YoY Delta
SEK
11.464
11.095
-3.3%
NOK
11.121
11.091
-0.3%
EUR
1.118
1.127
0.8%
DKK
8.348
8.391
0.5%
AUD
1.813
1.730
-4.8%
Income statement averages for the quarter:
Rate to GBP
Avg Q4 18
Avg Q4 17
YoY Delta
SEK
11.637
11.043
-5.4%
NOK
10.865
10.837
-0.3%
EUR
1.127
1.127
0.0%
DKK
8.413
8.389
-0.3%
AUD
1.794
1.727
-3.9%
Balance sheet rates:
Rate to GBP
31-Dec-18
SEK
11.464
NOK
11.121
EUR
1.118
DKK
8.348
AUD
1.813
Income statement averages for the quarter:
Rate to GBP
Avg Q4 18
SEK
11.637
NOK
10.865
EUR
1.127
DKK
8.413
AUD
1.794
Balance sheet rates:
Rate to GBP
31-Dec-17
SEK
11.095
NOK
11.091
EUR
1.127
DKK
8.391
AUD
1.730
Income statement averages for the quarter:
Rate to GBP
Avg Q4 17
SEK
11.043
NOK
10.837
EUR
1.127
DKK
8.389
AUD
1.727
Balance sheet rates:
Rate to GBP
YoY Delta
SEK
-3.3%
NOK
-0.3%
EUR
0.8%
DKK
0.5%
AUD
-4.8%
Income statement averages for the quarter:
Rate to GBP
YoY Delta
SEK
-5.4%
NOK
-0.3%
EUR
0.0%
DKK
-0.3%
AUD
-3.9%
Balance sheet rates:
Rate to GBP
31-Dec-18
31-Dec-17
YoY Delta
SEK
11.464
11.095
-3.3%
NOK
11.121
11.091
-0.3%
EUR
1.118
1.127
0.8%
DKK
8.348
8.391
0.5%
AUD
1.813
1.730
-4.8%
Income statement averages for the quarter:
Rate to GBP
Avg Q4 18
Avg Q4 17
YoY Delta
SEK
11.637
11.043
-5.4%
NOK
10.865
10.837
-0.3%
EUR
1.127
1.127
0.0%
DKK
8.413
8.389
-0.3%
AUD
1.794
1.727
-3.9%
This information is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation.
For more information:
Inga Lundberg, Investor Relations, +44 788 799 6116
About Kindred Group
Kindred Group is one of the world's leading online gambling operators with business across Europe and Australia, offering over 23.6 million customers across 11 brands a great form of entertainment in a safe, fair and sustainable environment. The company, which employs about 1,400 people, is listed on Nasdaq Stockholm Large Cap and is a founding member of the European Gaming and Betting Association (EGBA) and founding member of ESSA (sports betting integrity). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com.
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Kindred Group plc published this content on 02 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 January 2019 14:38:01 UTC
Kindred Group plc is an online gambling operator. The primary business is its business-to-consumer (B2C) online gambling business. The B2C business operates across Europe, Australia and North America and offers sports betting (including horse racing), casino and games, poker and other products (including bingo) through several brands. The Company's brands include 32Red, Bingo.com, Casinohuone, Kolikkopelit, Maria Casino, Highroller, Unibet, Vlad Cazino and Ottokasino. The 32Red brand offers personalized and exclusive gaming experiences. 32Red delivers more than 400 of the casino slot games. The Bingo.com brand offers a selection of both bingo, casino and live casino games. The Casinohuone brand offers a full-house gaming experience, such as casino, poker, lotto and bingo. The Unibet brand offers a premium all-product gambling experience, a range of sports betting events, Casino and Games, Poker and Bingo in 20 different languages across more than 100 countries.