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Kindred Group plc – Interim Report January – June 2018 (Unaudited)
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VALLETTA, Malta, July, 2018 — Second quarter and first half year highlights
- Gross winnings revenue amounted to GBP 219.0 (166.6) million for the second quarter of 2018, an increase of 31 per cent, and GBP 426.8 (319.8) million for the first half of 2018.
- Underlying EBITDA for the second quarter of 2018 was GBP 41.7 (33.4) million, and GBP 89.2 (63.7) million for the first half of 2018.
- Gross winnings revenue contribution from 32Red for the second quarter of 2018 was GBP 16.9 million and underlying EBITDA was GBP 0.7 million.
- Profit before tax for the second quarter of 2018 amounted to GBP 28.9 (22.9) million, and GBP 62.5 (41.1) million for the first half of 2018.
- Profit after tax for the second quarter of 2018 amounted to GBP 25.5 (20.4) million and GBP 55.4 (36.7) million for the first half of 2018.
- Earnings per share for the second quarter of 2018 were GBP 0.112 (0.090) and GBP 0.244 (0.161) for the first half of 2018.
- Underlying earnings per share for the second quarter of 2018 were GBP 0.118 (0.103) and GBP 0.258 (0.188) for the first half of 2018.
- Number of active customers during the quarter was 1,550,508 (1,171,166).
“Gross winnings revenue up 31 per cent and all-time high in active customers”
“The World Cup provided a significant all-time high in customer activity and continued strong organic growth, and unexpected results led to a sportsbook margin of 8.2 per cent after free bets.”
“Gross winnings revenue increased 24 per cent organically and in constant currencies which means that we are continuing to gain market share. Gross winnings revenue from mobile grew by 29 per cent compared to the second quarter last year and amounted to 72 per cent of our total Gross winnings revenue. Of the Group’s Gross winnings revenue 43 per cent came from locally regulated markets.”
“Our underlying EBITDA grew by 25 per cent compared to the same period last year (+27 per cent organic and in constant currencies).”
“In the period up to 22 July 2018, average daily Gross winnings revenue in GBP was 29 per cent higher compared to the same period in 2017. Adjusting for the impact of exchange rate changes, the growth was 30 per cent,” says Henrik Tjärnström, CEO of Kindred Group.
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.
The information in this report is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation.
Source: European Gaming Industry News